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On October 9, 2025, the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) and the primary federal banking agencies issued “FAQs Regarding Suspicious Activity Reporting Requirements” to clarify four specific provisions that many financial institutions have incorporated into their Bank Security Act and anti-money-laundering (BSA/AML) programs to reduce the burdens related to SAR filings. We’ve summarized the FAQs below to help financial institutions un

BY CHRISTINA HUNT-FUHR Fraud is everywhere in financial services. It’s increasing in both volume and cost, now accounting for up to 5% of...