Regulation and Compliance: FinCEN to update SAR system in September
Beginning in September, FinCEN will provide a file acknowledgement for SARs received as well as provide, at the time of the acknowledgement, a Document Control Number (DCN) for each SAR filed.
Starting in December, FinCEN will institute SAR file validations which will provide error codes and descriptions to filers to help them more easily identify specific filing errors.
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