TITLE

BANK SECRECY ACT: FinCEN Needs to Further Develop Its Form Revision Process for Suspicious Activity Reports

PUB. DATE
April 2010
SOURCE
GAO Reports;4/28/2010, preceding p1
SOURCE TYPE
Government Documents
DOC. TYPE
Article
ABSTRACT
The article reports on the new process for revisions of Bank Secrecy Act (BSA) forms such as Suspicious Activity Reports (SAR) developed by the U.S. Financial Crimes Enforcement Network (FinCEN). It says that the process may increase collaboration with law enforcement agency representatives, prosecutors, and stakeholders. Moreover, the FinCEN plans to have a focus group of Data Management Council (DMC) members to get feedback on how the new forms revision process works.
ACCESSION #
50563461

 

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