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SUSPICIOUS ACTIVITY REPORTS

BSA/AML, OFAC and Fraud
November 1, 2001


TO: CHIEF EXECUTIVE OFFICER
SUBJECT: Department of the Treasury's FinCEN Publication, The SAR Activity Review

The Federal Deposit Insurance Corporation (FDIC) is providing institutions with the attached copy of The SAR Activity Review , published by the Department of the Treasury's Financial Crimes Enforcement Network (FinCEN). This is the third edition of the semiannual publication.

The SAR Activity Review provides feedback to financial institutions about suspicious activity reported to FinCEN by the institutions. It contains Suspicious Activity Report (SAR) statistics; patterns and trends of suspicious activity that have been reported; tips and guidance for financial institutions on form preparation and filing; and information about investigative activity in which SAR information played an important role in a successful investigation and/or prosecution of criminal financial activity. The SAR Activity Review also may be found on FinCEN's Web site at www.fincen.gov/ .

In a continuing effort to assist banks in Bank Secrecy Act compliance, anti-money laundering efforts, and prevention and detection of other financial crimes, the FDIC will forward each issue of The SAR Activity Review to FDIC-supervised banks. Please circulate copies to each department of your institution with Bank Secrecy Act compliance and internal security responsibilities.

Comments about The SAR Activity Review should be addressed to the Financial Crimes Enforcement Network, Office of Strategic Analysis, U.S. Department of the Treasury, Suite 200, 2070 Chain Bridge Road, Vienna, VA 22182. Comments may also be faxed to FinCEN at (703) 905-3698. E-mail comments may be addressed to vogtd@fincen.gov .

For your reference, all FDIC Financial Institution Letters published since January of 1995 may be found on the FDIC's Web site at www.fdic.gov under "Newsroom, Events & FOIA." To learn how to automatically receive FDIC Financial Institution Letters through e-mail, please visit http://www.fdic.gov/news/news/announcements/index.html .



Michael J. Zamorski
Acting Director

Attachment: The SAR Activity Review - Trends, Tips & Issues, Issue 3, October 2001
(PDF 1.17 MB File - PDF Help or Hard Copy )

Distribution: FDIC-Supervised Banks (Commercial and Savings)

NOTE: Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (800-276-6003 or (703) 562-2200).


Last Updated: November 1, 2001