Description
FinCEN leverages key advisory terms to identify trends and other statistical information to apprise not only financial institutions, but all organizations and the public of financial crimes. Key advisory terms allow law enforcement and regulators to search SARs and identify such specific activities more quickly. By including these terms in the SAR narratives, the investigation process may be accelerated – potentially minimizing losses to the institution and the customer. This Quick Reference Guide includes a list of key advisory terms used in FinCEN guidance for preparing SARs related to certain activities.
