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Wednesday, October 10, 2007

FinCEN Releases Suggestions for Addressing Common Errors in SARs

This succint release identifies common errors in the filing of Suspicious Activity Reports and offers suggestions to remedy these errors.  The release notes that these errors were common primarily in SARs filed by Money Service Businesses but that the errors and strategies presented apply equally to financial institutions.  A PDF of the release can be found here.

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