TOPIC: Verafin

Blog | Analysis & Commentary: FinCEN’s Proposed Burden Estimate for Preparing and Filing SARs

Blog
Analysis & Commentary: FinCEN’s Proposed Burden Estimate for Preparing and Filing SARs
May 29, 2020 by Jim Richards

Read the full blog now

On May 26, 2020, FinCEN published a ground-breaking Notice — the first requesting private sector feedback on estimating the burden of preparing and filing SARs.

With the Agency proposing to capture time and cost across several SAR categories, filing types, process stages and more, financial institutions should provide FinCEN with tangible, publicly available data to improve public- and private-sector decision making.

Read our latest blog from former top banking executive Jim Richards as he provides insights and commentary on this landmark Notice, and learn how institutions can submit input and feedback.

Read the full blog now

    Infographic | 10 Tips for Financial Crime Management during the COVID-19 Crisis - Read Now

    Infographic
    10 Tips for Financial Crime Management during the COVID-19 Crisis

    Download Now


    From pervasive fraud scams and counterfeit checks to devastating Business Email Compromise attacks, financial crime management teams are under immense pressure to combat emerging crime and prevent losses during the COVID-19 pandemic.

    Download our informative infographic, developed in partnership with our 3000 financial institution customers, to learn 10 essential tips to address the growing fraud and AML challenges amidst COVID-19.

    Download Now

      Demonstration | Beyond Due Diligence: Best Practices for High-Risk Customer Management - Join us July 22

      July 22 at 12:30 PM - 01:30 PM EST
      Beyond Due Diligence: Best Practices for High-Risk Customer Management
      Special Presentation: Rebroadcast of Virtual Tour Session

      Register Now


      CDD/EDD processes are the cornerstone of compliance, and a growing challenge to maintain amid evolving regulations and the COVID-19 crisis. Stay current with Beyond Due Diligence: Best Practices for High-Risk Customer Management — a special rebroadcast of our engaging Virtual Tour event attended by over 2000 financial and compliance professionals this May.

      “Great presentation! I really enjoyed the insights provided by your team of experts as well as the case content, specific examples and cadence it was presented.” — Attendee, 2020 Verafin Virtual Tour

      Join industry and product experts as they discuss the latest innovations and issues in high-risk customer management, including COVID-19-related CDD/EDD challenges, the benefits of intelligent segmentation and stratification, and more.

      Register Now

      Please note that this rebroadcast of the Virtual Tour Session is not CAMS-accredited.