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Glossary

SAR

Suspicious Activity Report

A confidential report of suspected illicit activity.

A SAR is filed when an institution knows or suspects a transaction involves illicit funds or lacks a lawful purpose. Filing is confidential and disclosing it to the subject is itself an offence.

See also

BSA

The US anti-money laundering reporting framework.

FinCEN

The US financial intelligence unit.

AML

Regulatory framework and compliance programs.

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