SIA Submits Comments to the FinCEN on Suspicious Activity Report by the Securities and Futures Industries
Published on:
July 26, 2005
The Securities Industry Association (SIA)*provides comments to the Financial Crimes Enforcement Network of the U.S.Department of the Treasury (FinCEN) on proposed revisions to Suspicious Activity Report by the Securities and Futures Industries (SAR-SF). SIA offers support for the proposed revisions and outlines recommendations for simplifying the SAR-SF form and the SAR process as a whole, in addition to enhancing the effectiveness of suspicious activity reporting.
*SIFMA is the product of the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.