Financial Crimes Enforcement Network; Suspicious Activity Reporting; Release of Revised Suspicious Activity Reports, 23891 [E7-8320]

Agencies

• DEPARTMENT OF THE TREASURY
• Department of Treasury

[Federal Register Volume 72, Number 83 (Tuesday, May 1, 2007)]
[Notices]
[Page 23891]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-8320]


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DEPARTMENT OF THE TREASURY


Financial Crimes Enforcement Network; Suspicious Activity 
Reporting; Release of Revised Suspicious Activity Reports

AGENCY: Financial Crimes Enforcement Network, Department of the 
Treasury.

ACTION: Notice.

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SUMMARY: The Financial Crimes Enforcement Network (``FinCEN'') is 
issuing this notice to communicate a delay in the dates for using the 
revised Suspicious Activity Report (``SAR'') forms. The revised SAR 
forms that support joint filing were originally scheduled to become 
effective on June 30, 2007 and mandatory on December 31, 2007. FinCEN 
will establish new dates for using the revised SAR forms in a future 
notice.

FOR FURTHER INFORMATION CONTACT: Regulatory Policy and Programs 
Division, Financial Crimes Enforcement Network at (800) 949-2732.

SUPPLEMENTARY INFORMATION: 

Background

    It is FinCEN's intention to implement revised SAR forms that 
facilitate joint filing for depository institutions,\1\ casinos and 
card clubs,\2\ insurance companies,\3\ and the securities and futures 
industries.\4\ On December 21, 2006, FinCEN issued a notice on its Web 
site explaining that financial institutions would be able to begin 
filing the revised SAR forms with FinCEN on June 30, 2007.\5\ We are 
postponing this date and the date by which use of the revised forms 
becomes mandatory because of recently implemented data quality 
initiatives. FinCEN will provide advance notice of the new dates for 
using the revised forms at a future time. In the meantime, financial 
institutions will continue to report suspicious activities using the 
existing SAR forms.\6\
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    \1\ 31 CFR 103.18.
    \2\ 31 CFR 103.21.
    \3\ 31 CFR 103.16.
    \4\ 31 CFR 103.15, 103.17, and 103.19.
    \5\ See Additional Suspicious Activity Reports (SAR) Revised for 
Other Industries to Support Joint Filing and Reduce Duplicate SARs, 
https://www.fincen.gov.
    \6\ The current SAR forms can be found on FinCEN's Web page at: 
https://www.fincen.gov/reg_bsaforms.html#SAR.

    Dated: April 26, 2007.
William F. Baity,
Deputy Director, Financial Crimes Enforcement Network.
 [FR Doc. E7-8320 Filed 4-30-07; 8:45 am]
BILLING CODE 4810-02-P