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SUSPICIOUS ACTIVITY REPORTS

BSA/AML, OFAC and Fraud
February 27, 2002


TO: CHIEF EXECUTIVE OFFICER
SUBJECT: FinCEN Publications

Attached is a copy of the January 2002 issue of SAR Bulletin, published by the Department of the Treasury's Financial Crimes Enforcement Network (FinCEN). The publication is part of a series of overviews of trends and patterns in money laundering derived from the Suspicious Activity Report (SAR) database that can help financial institutions prevent and detect financial crime. The SAR Bulletin also may be found on FinCEN's Web site at http://www.fincen.gov/pub_main.html.

Also attached is a copy of Issue 21A of the FinCEN Advisory, dated January 2002. It may also be found at http://www.fincen.gov/pub_main.html. The FinCEN Advisory is designed to keep financial institutions, regulatory agencies and law enforcement agencies advised of trends and developments related to money laundering and financial crime. The periodical provides intelligence and analysis for case support to federal, state, local and international law enforcement and regulatory agencies, while furnishing financial communities with the information they need to help prevent and detect financial crime. For more information about FinCEN programs, you may visit the FinCEN Web site at http://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 Federal Deposit Insurance Corporation (FDIC) will forward issues of the SAR Bulletin and the FinCEN Advisory 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 Bulletin and the FinCEN Advisory should be addressed to the Financial Crimes Enforcement Network, Department of the Treasury, P.O. Box 39, Vienna, VA 22183. Comments may also be faxed to FinCEN at (703) 905-3885.

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." For information about receiving automatic notification of the issuance of Financial Institution Letters, please go to www.fdic.gov/news/news/announcements/index.html .

Michael J. Zamorski
Director

Attachment: http://www.fincen.gov/pub_main.html

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: February 27, 2002