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F O U R T H Q UA R T E R 2 0 2 0Legislative NewsCover4Local Unit Highlights5Membership Update6TRTA Adapts to a New Reality Through Virtual Meetings7 Welfare for the Holidays8TEXAS RETIRED TEACHERS
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Sigma L stands for Suspicious Activity Report (SAR) which is a document filed by financial institutions or businesses to report suspicious transactions that may be related to illegal activities.
Financial institutions such as banks, credit unions, and money service businesses are required to file Sigma L.
Sigma L forms can be filled out electronically through the Financial Crimes Enforcement Network (FinCEN) website.
The purpose of Sigma L is to help detect and prevent money laundering, terrorist financing, and other financial crimes.
Sigma L reports must include information about the suspicious activity, the individuals involved, and any relevant transaction details.
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