Suspicious Activity Reports (SARs) are an invaluable tool in the fight against financial crime. As criminals target consumers and businesses with fraud scams and launder illicit proceeds, financial institutions are in a unique position to identify potentially suspicious transactions and report nefarious activity to maintain the integrity of the financial system.
Verafin’s new eBook is a comprehensive overview of SARs and why they exist, with insights on successfully completing a report, reporting requirements, the benefits of automation, and valuable considerations for easier filing.