BSA Office of the Comptroller of the Currency Suspicious Activity Report (SAR) 
PYMNTS
DECEMBER 3, 2019
Banks no longer have to submit a suspicious activity report (SAR) just because a business is growing or cultivating hemp. It also clarifies the BSA guidelines when offering financial services to hemp-related businesses. Department of Agriculture’s (USDA) interim final rule on hemp production.
PYMNTS
MARCH 4, 2020
Bank , with a $450,000 civil penalty for his negligence in failing to intercept breaches of the Bank Secrecy Act (BSA), FinCEN announced on Wednesday (March 4). . Bank had in place erroneously capped the number of alerts, which hindered law enforcement’s ability to spot suspicious activity.
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