Changes to filing CTRs and SARs under the Bank Secrecy Act

As you may be aware, on December 20, 2011, FinCEN announced that the deadline for financial institutions to require the use of FinCEN’s new electronic filing process for CTRs and SARs is extended from June 30, 2012 to March 31, 2013.

Note!  This regulation is “preliminary” at this point.  There are a number of webinars beginning to be offered on this topic.  However, the revised forms and details for filing are not yet available.  Substantial action is not required by credit unions at this point!  When the relevant information is published, we will schedule a timely webinar.  Our goal is to make the most of your training dollars!  You need not attend a “preliminary” webinar and yet another webinar when the final rules and forms are issued.

You can count on Mountain West Credit Union Association to keep you informed.  Watch your email for upcoming webinars or click here to view the entire schedule.