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S P R I N G F I E L D S O N LY H O M E T O W N PA P E R Published by the Township of Springfield in cooperation with the Springfield Patriot Chamber of Commerce www.springfieldpatriot.com AUGUST 2013
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S P R I stands for Suspicious Activity Report by the financial institutions to report potentially suspicious activities that may indicate money laundering, fraud, or other illegal activities.
Financial institutions such as banks, credit unions, and money service businesses are required to file S P R I.
S P R I forms can be filled out electronically through the Financial Crimes Enforcement Network (FinCEN) website.
The purpose of S P R I is to help prevent and detect financial crimes by reporting suspicious activities to the appropriate authorities.
S P R I requires the reporting of information related to the suspicious activity, the individuals or entities involved, and any other relevant information.
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