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Highlights:
- On May 1, 2007, FinCEN published the attached Federal Register notice announcing a
delay in the implementation of the revised SAR-DI form, which was scheduled to become effective
on June 30, 2007, and mandatory on December 31, 2007.
- The form is being revised to standardize it with SARs used by financial institutions in other
industries, and to facilitate joint filing with other depository institutions.
- FinCEN will announce new effective and mandatory dates for the revised form in a future
Federal Register notice.
- This announcement does not impact ongoing BSA filing requirements. Financial institutions should
continue to report suspicious activity by using the current SAR-DI form.
Distribution:
FDIC-Supervised Banks (Commercial and Savings)
Suggested Routing:
Chief Executive Officer
BSA Compliance Officer
Related Topics:
Bank Secrecy Act/Anti-Money Laundering
Programs
Attachment:
May 1, 2007, Federal Register notice:
http://www.fincen.gov/sar_fr_notice.pdf -
PDF (PDF Help)
Contact:
Sr. Program Analyst Charles W. Collier at
SAS FIL@FDIC.gov or (202) 898-8506
Note:
FDIC financial institution letters (FILs) may be
accessed from the FDIC's Web site at:
http://www.fdic.gov/news/news/financial/2007/index.html.
To receive FILs electronically, please visit
http://www.fdic.gov/about/subscriptions/fil.html.
Paper copies of FDIC financial institution letters
may be obtained through the FDIC's Public
Information Center, 801 17th Street, NW, Room
100, Washington, DC 20434 (1-877-275-3342 or
202-416-6940).
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