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S ie r r a M a d r e N e w s PUBLISHED WEEKLYSIERRA MADRE, LOS ANGELES COUNTY, CALIFORNIA, FRIDAY, JANUARY 19, 1917VOL. XI, NO. 10C. H. PERRY, CITY CLERK, WRIGHT LANDS DATE CHANGED TABLE LICENSE PROPOSAL
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The Suspicious Activity Reporting (SAR) process, commonly referred to as SIE RR, is a mechanism through which financial institutions and other obligated entities report suspicious activities that may indicate money laundering or other financial crimes.
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Financial institutions, including banks, credit unions, and certain non-bank financial companies, are required to file SIE RR whenever they detect suspicious activity that could indicate illegal activities.
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Information that must be reported on SIE RR includes the subject's identity, transaction date, amounts involved, a description of the suspicious activity, and any relevant documentation or evidence.
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