Implementation of Revised Suspicious Activity Report Forms Delayed
June 28, 2007
Circular No. 11873

The Financial Crimes Enforcement Network (FinCEN) has issued a Federal Register notice and press release announcing a delay in the implementation of certain revised Suspicious Activity Report (SAR) forms that were scheduled to become effective on June 30, 2007, and mandatory on December 31, 2007.

This delay affects the implementation dates for the Suspicious Activity Report by Depository Institutions, which were set forth in SR 07-02, published January 12, 2007. FinCEN will establish new effective and mandatory compliance dates for these revised forms in a future Federal Register notice.

This announcement does not affect a banking organization's SAR filing obligations. Banking organizations should continue to file using current Suspicious Activity Report by Domestic Institutions (Form TD F 90-22.47) in accordance with regulatory requirements.

See the Board's press release for full details.

Press release OFFSITE