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Review Title: BSA SAR Data ElementsReview Organization: Public Comment Federal RegistryReview Time Period: December 2010Work Products Reviewed:1. BSA SAR Data ElementsRecommended Improvements to Work
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Review Title BSA SAR stands for Review Title Bank Secrecy Act Suspicious Activity Report.
Financial institutions such as banks, credit unions, and money services businesses are required to file Review Title BSA SAR.
Review Title BSA SAR forms can be filled out electronically through the Financial Crimes Enforcement Network (FinCEN) website.
The purpose of Review Title BSA SAR is to report suspicious activities that may indicate potential money laundering or other financial crimes.
Information such as the identity of the suspicious individual or entity, details of the suspicious activity, and any other relevant information must be reported on Review Title BSA SAR.
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