What are Hidta counties?
The new areas are (1) Daviess County in Kentucky as part of the Appalachia HIDTA; (2) El Dorado and Placer Counties in California as part of the Central Valley California HIDTA; (3) Madison and St. Clair Counties in Illinois as part of the Midwest HIDTA; and (4) Erie County in Pennsylvania as part of the Ohio HIDTA.
What is Hidta and Hifca?
High Intensity Drug Trafficking Area (HIDTA) High Intensity Financial Crimes Area (HIFCA)
What does the e file SAR form contain?
SAR filing options Any name, address, social security or tax ID’s, birth date, drivers license numbers, passport numbers, occupation and phone numbers of all parties involved with the activity.
Can you tell a customer you are filing a SAR?
Confidentiality of SARs: A FinCEN Suspicious Activity Report (FinCEN SAR), and any information that would reveal the existence of the FinCEN SAR (collectively, “SAR information”), are confidential, and may not be disclosed except as specified in 31 U.S.C. 5318(g)(2) and in FinCEN’s regulations (31 CFR Chapter X).
What is a common reason to file a SAR?
A Suspicious Activity Report (SAR) is a document that financial institutions, and those associated with their business, must file with the Financial Crimes Enforcement Network (FinCEN) whenever there is a suspected case of money laundering or fraud.
What amount triggers a SAR report?
Dollar Amount Thresholds – Banks are required to file a SAR in the following circumstances: insider abuse involving any amount; transactions aggregating $5,000 or more where a suspect can be identified; transactions aggregating $25,000 or more regardless of potential suspects; and transactions aggregating $5,000 or …
Who must file a SAR?
Banks
Dollar Amount Thresholds – Banks are required to file a SAR in the following circumstances: insider abuse involving any amount; transactions aggregating $5,000 or more where a suspect can be identified; transactions aggregating $25,000 or more regardless of potential suspects; and transactions aggregating $5,000 or …