Suspicious activity report examples

Financial services organizations must comply with Red Flag Rules – or face heavy penalties. SAR must be filed no later than 30 calendar days after the date of initial detection of facts that may constitute a basis for the filing. Financial institutions have to keep a copy of the SAR and the original or business record of any supporting documentation for five years.

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Financial services organizations must comply with Red Flag Rules – or face heavy penalties. SAR must be filed no later than 30 calendar days after the date of initial detection of facts that may constitute a basis for the filing.