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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.
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Financial institutions such as banks, credit unions, and money service businesses are required to file Sigma L.
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Sigma L forms can be filled out electronically through the Financial Crimes Enforcement Network (FinCEN) website.
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The purpose of Sigma L is to help detect and prevent money laundering, terrorist financing, and other financial crimes.
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Sigma L reports must include information about the suspicious activity, the individuals involved, and any relevant transaction details.
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