bank secrecy act / anti- money laundering (bsa/aml) compliance

Internal Controls – Reporting SARs• Must retain copies of SARs and supportingdocumentation for 5 years from the date of thereport• NO disclosure to anyone involved in thetransaction that a SAR has been filed– May inform FinCEN, law enforcement or federalbanking agencies– May share the SAR, or any information that wouldreveal the existence of the SAR, with an affiliate,provided the affiliate is subject to a SAR regulation