WASHINGTON — The Financial Crimes Enforcement Network reported inconsistencies among shared branch suspicious activity report filings in its latest SAR Activity Review–Trends, Tips, & Issues.
"The number of filer-name and [Federal Employer Identification Numbers] in BSA filings related to these cooperatives could complicate future efforts to correctly identify and aggregate SAR filings involving the cooperatives and their affiliated entities. Data consistency
problems and other data-quality issues prolonged and hindered efforts to collect and evaluate data for this analysis," the report read. In many cases, FinCEN found, the filing institution already has the correct information on hand.
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