Suspicious Activity Report

Suspicious Activity Report ( SAR)
All financial institutions operating in the United States, including insured banks, savings associations, savings association service corporations, credit unions, bank holding companies, non-bank subsidiaries of bank holding companies, Edge and Agreement corporations, and U.S. branches and agencies of foreign banks are required to make this report following the discovery of: insider abuse involving any amount, violations aggregating $5,000 or more where a suspect can be identified, violations aggregating $25,000 or more regardless of a potential suspect, or transactions aggregating $5,000 or more that involve potential money laundering or violations of the Bank Secrecy Act. Casinos must file an SARC Form and Securities Brokers and Dealers are required to file an SAR-S Suspicious Activity Report.
See also Bank Secrecy Act. American Banker Glossary

Financial and business terms. 2012.

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