The Financial Crimes Enforcement Network (FinCEN) will begin issuing Suspicious Activity Report (SAR) Acknowledgements for Bank Secrecy Act Electronic Filing (BSA E-Filing) submissions this September.
BSA E-filers will receive a Document Control Number (DCN) as acknowledgement of receipt for the originally submitted SAR and will be available for all SAR form types. Sometime in August FinCEN will release a SAR Acknowledgement Q&A with information about this new functionality. Early enrollment is encouraged to begin receiving information on this new feature, although there is no deadline or requirement to do so. The BSA E-Filing system will offer filers a self-enrollment feature to allow them to register to receive SAR Acknowledgement files when they are ready to begin processing. In December FinCEN will implement SAR Validations, which will allow the BSA E-Filing system to validate SAR documents and provide filers with feedback on the quality of their submissions. Address questions to FinCEN’s BSA E-Filing System Help Desk at 1-888-827-2778 (option 6) or via the FinCen website.
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