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S P E C I A L O F F E R F R O M W E L C H A L LY N Don't Miss a Beat with Welch Allyn PC-Based Electrocardiographs! Limited-time rebate of $200 on the purchase of any Welch Allyn CardioPerfect Resting
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S P E C stands for Suspicious Activity Report (SAR) Activity Review. It is a report that financial institutions must file with the Financial Crimes Enforcement Network (FinCEN) to report suspicious transactions or activities.
Financial institutions such as banks, credit unions, and money service businesses are required to file S P E C.
S P E C can be filled out electronically using the BSA E-Filing System provided by FinCEN. The form requires detailed information about the suspicious activity and the individuals involved.
The purpose of S P E C is to help law enforcement agencies combat money laundering, terrorist financing, and other financial crimes by providing them with information about suspicious activities.
S P E C requires information such as the details of the suspicious activity, the individuals involved, and any supporting documentation that may be available.
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