Office of the Comptroller of the Currency SARS Suspicious Activity Report (SAR) 
PYMNTS
SEPTEMBER 21, 2020
Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) show that several of the largest global banks moved money on behalf of scores of individuals and enterprises involved in criminal financial activity.
PYMNTS
DECEMBER 3, 2019
Banks no longer have to submit a suspicious activity report (SAR) just because a business is growing or cultivating hemp. Financial institutions should follow standard SAR procedures and submit a report only if there is questionable behavior.
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PYMNTS
MARCH 4, 2020
His actions prevented the proper filing of many, many SARs, which hindered law enforcement’s ability to fully combat crimes and protect people,” said FinCEN Director Kenneth A. In February 2018, FinCEN collaborated with the Office of the Comptroller of the Currency (OCC) and the U.S. The OCC also warned U.S.
The Fintech Times
AUGUST 17, 2024
The bank was ordered to pay the fine to resolve investigations by The Office of the Comptroller of the Currency (OCC), an independent bureau of the US Department of the Treasury. This includes know your customer (KYC), sanctions, suspicious activity reports (SARs), and transaction monitoring violations.
Segpay
MARCH 24, 2025
Fraud Prevention & Transaction Monitoring Australia: Real-time monitoring is required, with suspicious matter reports (SMRs) submitted to AUSTRAC. USA: Stricter transaction monitoring, requiring Suspicious Activity Reports (SARs) to FinCEN and geographical targeting orders (GTOs) for high-risk areas.
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