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When a SAR is filed, five sections of information are required. First, reporters collect names, addresses, social security numbers, birth dates, driver licenses or passport numbers, occupations, and phone numbers of all parties involved.
Filing Reports: This report should be E-filed through the Financial Crime Enforcement Network (FinCEN) BSA E-Filing System.
A suspicious activity report (SAR) is a tool provided under the Bank Secrecy Act (BSA) of 1970 for monitoring suspicious activities that would not ordinarily be flagged under other reports (such as the currency transaction report). The SAR became the standard form to report suspicious activity in 1996.
These documents are described in more detail below. The SAR application contains 5 sections: (1) Eligibility Questionnaire, (2) Personal Information, (3) Academic Information, (4) Risk Information, and (5) an Attestation.
You have 30 calendar days to file a SAR after becoming aware of any suspicious transaction that is required to be reported. 1. Record relevant information on a Suspicious Activity Report by MSB (SAR-MSB) form available at .msb.gov or by calling the IRS Forms Distribution Center: 1-800-829-3676.

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A financial institution is required to file a suspicious activity report no later than 30 calendar days after the date of initial detection of facts that may constitute a basis for filing a suspicious activity report.
Introduction. The purpose of the Suspicious Activity Report (SAR) is to report known or suspected violations of law or suspicious activity observed by financial institutions subject to the regulations of the Bank Secrecy Act (BSA).

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