Suspicious Activity Report

SAR

A Suspicious Activity Report is a report filed by financial institutions to notify authorities of potentially suspicious transactions. It is a key tool for detecting money laundering and fraud.

SAR filings are confidential and are typically required when activity appears inconsistent with a customer's profile. In the U.S., SARs are filed with FinCEN under BSA rules.

Related Terms

AML

Anti-Money Laundering

AML refers to the laws, regulations, and procedures designed to prevent criminals from disguising il...

BSA

Bank Secrecy Act

The BSA is a US law requiring financial institutions to assist government agencies in detecting and ...

FinCEN

Financial Crimes Enforcement Network

FinCEN is a bureau of the U.S. Treasury focused on combating financial crime. It collects and analyz...

KYC

Know Your Customer

KYC is the process financial institutions use to verify the identity of their customers. It's a key ...

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