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S C A D A, S e c u r i t y & A u t o m at i o n N e w s l e t t e r Volume 18, Issue 2 Fall×Winter 2008 A Publication of Sage Designs, Inc. Control Microsystems Introduces SCADARange Battery powered
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SCAD stands for Suspicious Activity Report by a Depository Institution.
Depository institutions such as banks, credit unions, and other financial institutions are required to file SCAD.
SCAD can be filled out online through the Financial Crimes Enforcement Network (FinCEN) portal.
The purpose of SCAD is to report suspicious transactions and activities that may indicate money laundering or other financial crimes.
SCAD requires reporting of details about the suspicious activity, individuals involved, and any relevant transactions.
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