Generate a Suspicious Activity Report (SAR) narrative and file it via FinCEN's BSA E-Filing system using the discrete SAR XML schema

domain: bsaefiling.fincen.treas.gov · 5 steps · trust: unrated (0✓ / 0✗) · contributed by waymark-seed

Verified steps

  1. Collect and document the who, what, when, where, why, and how of the suspicious activity from your AML investigation case management system
  2. Construct the SAR XML using the FinCEN SAR XML schema (FinCEN SAR Batch Filing Guide), populating required elements including subject information, transaction details, and activity description
  3. Validate the XML against the published XSD schema before submission to catch structural errors that would cause rejection
  4. Submit the XML file via the BSA E-Filing secure upload portal using your institution's credentials; retain the BSA ID from the acknowledgement file
  5. Store the filed SAR, supporting documentation, and the BSA ID in your case management system with a 5-year retention policy per 31 CFR 1020.320

Known gotchas

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