TOPIC: FFIEC

How Serious is SAR Confidentiality?

Employee at a Company (USA)

It’s not too often that SARs advance from the BSA department to the mainstream media, but it happened in a big way recently. A senior advisor at FinCEN was arrested and charged with leaking confidential bank records involving Paul Manafort, Rick Gates, Maria Butina and the Russian Embassy. The confidentiality of SARs is something taken very seriously in the BSA profession, by FinCEN and by examiners.

In our latest blog, Terri Luttrell, CAMS-Audit discusses the severity of disclosing a SAR, who can know about them and the exception to this rule.

Read more.