Saving Trees, One SAR e-Filing at a Time
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In September, FinCEN released for comment a proposal to make electronic filing of SARs mandatory as of June 30, 2012. FinCEN’s e-filing system has been available since October 2002, and about 85% of BSA reports are currently filed electronically.
If you were unaware of this, I encourage you to use this link to go to FinCEN’s news room and get the scoop. There are other resources available there as well - to tell you everything you ever wanted to know about FinCEN’s e-filing program. There’ also a call center line to have a service agent answer your questions.
I know that there is a large constituency out there that this would affect, and there’s bound to be someone who will be less than pleased. But I, for one, think the move to full electronic filing is a good thing. If you don’t think this is a good idea, you have until November 15th to voice your opinion … or forever hold your peace.