Written by Bernadette Clair, Regulatory Compliance Counsel
As of July 1st, e-filing is mandatory for Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs). FinCEN issued a final reminder on June 29th and recently blogged about the benefits of e-filing in a July 2nd Treasury Notes blog. Unless your credit union has received an exemption from FinCEN, be sure these reports are being filed electronically.
Coincidentally, you may have noticed a few glitches........Read More..... http://nafcucomplianceblog.typepad.com/nafcu_weblog/2012/07/bsa-e-filing-hits-a-snag-nafcu-congressional-caucus.html?
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