Suspicious Activity Report Requirements for Non-Bank Residential Mortgage Lenders and Originators
The Treasury Department's Financial Crimes Enforcement Network (FinCEN) is in the action of establishing the requirement for Suspicious Activity Report (SAR) filings for non-bank residential mortgage lenders and originators. Currently under the Bank Secrecy Act (BSA), only banks and financial institutions are required to file SARs.
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Tags: bank mortgage, Bank Secrecy Act, banks, Bsa, Crimes Enforcement Network, Financial Crimes Enforcement, Financial Crimes Enforcement Network, Financial Institutions, financial markets, Fincen, Making Money, Residential Mortgage Lenders, Sar, Sars, Suspicious Activity Report, Treasury Department