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Inactive Financial Institution Letters

Suspicious Activity Reports

FIL-71-99
July 8, 1999

TO: CHIEF EXECUTIVE OFFICER
SUBJECT: SAR Bulletin

Attached is a copy of the Department of the Treasury's June 1999 issue of SAR Bulletin, published by the department's Financial Crimes Enforcement Network (FinCEN). The publication is the first of a series of overviews of trends and patterns in money laundering derived from the Suspicious Activity Report (SAR) database. It may provide financial communities with information that can help financial institutions prevent and detect financial crime. For more information about FinCEN programs, you may visit the FinCEN Web site at http://www.fincen.gov.

In a continuing effort to assist banks in Bank Secrecy Act compliance, anti-money laundering efforts, and prevention and detection of other financial crimes, the Federal Deposit Insurance Corporation (FDIC) will forward each issue of SAR Bulletin to FDIC-supervised banks. Please circulate copies to each department of your institution with Bank Secrecy Act compliance and internal security responsibilities.

Comments about the SAR Bulletin should be addressed to the Financial Crimes Enforcement Network, Office of Communications, U.S. Department of the Treasury, 2070 Chain Bridge Road, Vienna, VA 22182. Comments may also be faxed to FinCEN at (703) 905-3885. For your reference, all FDIC Financial Institution Letters published since January of 1995 may be found on the FDIC's Web site at www.fdic.gov under the "Banking News" category.

 

James L. Sexton
Director

 

Attachment: (The June 1999 SAR Bulletin may be accessed from http://www.fincen.gov)

Distribution: FDIC-Supervised Banks (Commercial and Savings)

NOTE: Paper copies of FDIC financial institutions letters may be obtained through the FDIC's Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (800-276-6003 or (703) 562-2200).

Last Updated 4/11/2005 communications@fdic.gov