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S p o n s o r s hip P r o p o s an l
T o Whom It M a y Concern,
The East Orange Village Markets has become a fun, exciting and eagerly
anticipated annual event on the local community calendar.
The
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What is s p o n?
S P O N stands for Suspicious Activity Report (SAR) by Financial Institutions.
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Financial institutions such as banks, credit unions, and money service businesses are required to file SARs.
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SARs can be filled out electronically through the Financial Crimes Enforcement Network (FinCEN) website.
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The purpose of SARs is to report suspicious activities that may indicate money laundering, terrorism financing, or other financial crimes.
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Information such as the identity of the individuals involved, the nature of the suspicious activity, and any other relevant details must be reported on SARs.
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