SAR-SFSuspicious Activity Report by Securities and Futures Industries
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FinCEN found that suspicious activities of mortgage-loan fraud subjects most often reported in the SAR types reviewed were money laundering and transactions apparently structured to avoid currency transaction-reporting requirements--accounting for 85 percent of SAR-MSBs, 47 percent of SAR-Cs and 28 percent of SAR-SFs.
* In SAR-SFs, FinCEN found an unusually high number of reports of suspicious documents, fraudulent identifications (IDs) and forgery.
Until the SAR-IC form is finalized, insurance companies are directed to file necessary reports on SAR-SFs, which are the forms used by securities firms.