FinCEN’s 2013 CTR and SAR deadline is almost here

As of March 31, 2013,  FinCEN requires that financial institutions (FIs) electronically submit the newly formatted Currency Transaction Report (CTR) and Suspicious Activity Report (SAR) forms. This can mean dramatic changes to your reporting processes.

As early as October 2012, Verafin users e-filed the new CTR and SAR forms with FinCEN. Verafin's FRAML software can help you:

• E-file the new FinCEN CTR and SAR forms ahead of the March 2013 deadline
• Automate your CTR and SAR process. Improve efficiency, from report generation to full e-submission
• Improve your report accuracy. Reduce frustrating data entry mistakes and time lost correcting reports
• Improve your documentation trail. Eliminate paper and create a clear path to improved examinations

Download to learn more about how Verafin can help improve your BSA compliance reporting process:

• CTR Feature Sheet
• SAR Feature Sheet
• Press Release announcing Verafin’s Fall ’12 release and CTR and SAR FinCEN e-filing acceptance