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U.S. Department of Housing and Urban Development Public and Indian Housing Special Attention of: Notice PIN 201324 Office Directors of Public Housing; Regional Directors; Public Housing Issued: September
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Special attention is a report submitted to notify authorities of any suspicious activity that may be related to money laundering or other illicit activities.
Financial institutions such as banks, credit unions, and money service businesses are required to file special attention reports.
Special attention reports are typically filled out electronically through a designated platform provided by regulatory authorities.
The purpose of special attention reports is to help detect and prevent money laundering, terrorist financing, and other financial crimes.
Special attention reports must include details of the suspicious activity, customer information, and any relevant transaction details.
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