Guidance on TARP-Related SAR Filings Issued

This story appeared in Bank Digest.

The Financial Crimes Enforcement Network has published guidance intended to assist financial institutions in filing Suspicious Activity Reports on activities related to the Troubled Asset Relief Program. According to the agency, suspicious activities could include conflicts of interest, collusion, insider trading, advance fee schemes and money laundering. The advisory also gives information on how to complete a SAR.

FIN-2009-A006 at http://www.fincen.gov/statutes_regs/guidance/html/fin-2009-a006.html