On April 26, the Financial Crimes Enforcement Network (FinCEN) filed a Federal Register notice announcing the delayed implementation of certain revised Suspicious Activity Report (SAR) forms, intended to facilitate joint filings. The SAR forms were scheduled to become effective on June 30. FinCEN is withdrawing the effective date for the revised SAR forms for depository institutions, casinos and card clubs, insurance companies, and the securities and futures industries.
This announcement does not affect the Bank Secrecy Act filing requirements, and financial institutions should continue filing using the current SAR forms. FinCEN will establish new effective and mandatory compliance dates for these revised forms in a future notice.