Bank Secrecy Act/Anti-Money Laundering: FinCEN Frequently Asked Questions on Suspicious Activity Rep
Date postedOctober 9, 2025
On October 8, 2025, the Office of the Comptroller of the Currency (OCC), jointly with the Financial Crimes Enforcement Network (FinCEN), the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the National Credit Union Administration issued answers to frequently asked questions (FAQ) related to Suspicious Activity Reports (SAR). The answers to these FAQs clarify regulatory requirements related to SARs and can assist financial institutions with their compliance obligations, while enabling institutions to focus resources on activities that produce the greatest value to law enforcement agencies and other government users of Bank Secrecy Act reporting.