Many persons involved in lending arrangements may not fully understand whether the arrangement is subject to anti-money laundering (AML) compliance requirements, including the need to file suspicious activity reports (SARs) with the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN), what is required to be reported on SARs, how they are filed with FinCEN, and why they need to be kept confidential.

This presentation will help those involved in lending arrangements understand the federal anti-money laundering (AML) compliance requirements applicable to their business, with a particular focus on suspicious activity reporting and the bounds of SAR confidentiality.What You'll Learn:The Bank Secrecy Act (BSA)

• Overview of the BSA
  
• Anti-Money Laundering (AML) Program Requirement

Applicable AML Laws to Lending Arrangements

• What Is a Loan or Finance Company?
  
• What Is a Residential Mortgage Lender or Originator?

The Suspicious Activity Report (SAR) Filing Requirement

• BULLET 1
  
• History of the SAR Filing Requirement
  
• When Are SAR Filings Required?
  
• How Quickly Do SARs Need to Be Filed?

FinCEN Form 111

• How to File SARs With FinCEN
  
• What Information Is Contained on the SAR Form?
  
• How to Write Effective SAR Narratives

SAR Confidentiality

• Disclosing to FinCEN and Law Enforcement
  
• Disclosing Within the Corporate Organizational Structure
  
• SAR Filing Requirement: Penalties