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Suspicious Activity Report

What is Suspicious Activity Report?

A filing required by financial institutions when they detect known or suspected criminal activity or suspicious transactions that may indicate money laundering.

Compliance and Regulatory

What the standards actually require on suspicious activity report

Requirements naming suspicious activity report across 6 standards, quoted from the control text.

Institutions shall file SARs with FinCEN within 30 days of detection (or 60 if no subject identified) for transactions meeting reporting thresholds and indicia.

BSA-AML-09 · Suspicious Activity Reporting (SAR)

GLI-33 Player Account Management (PAM) + KYC + AML + payments. PAM REQUIREMENTS: (a) account registration with identity verification + age verification (18+ or 21+ depending on state) + jurisdictional eligibility;

GLI33-PAM-KYC-AML-Payments · GLI-33 Player Account Management, KYC, AML, Payment Processing and Account Lifecycle

NSS-17 + NSS-42-G require personnel security + trustworthiness verification + training + awareness aligned with CSL access. Personnel security: background check + criminal record + financial + employment history + reference check + national security clearance...

IAEA-NSS17-Personnel-Trustworthiness-Training-Awareness · IAEA NSS-17 - Personnel Security + Trustworthiness + Training + Awareness + Cyber Hygiene

Liechtenstein DSG Articles 9 + 23-24 Special Categories of Personal Data (transposing GDPR Article 9). Special Categories: racial or ethnic origin + political opinions + religious or philosophical beliefs + trade union membership + genetic data + biometric dat...

LIDPA-Special-Categories-Sensitive-Data-Children-Article-9-GDPR-Article-9-Health-Financial-Sector · Liechtenstein DPA Special Categories + Sensitive Data + Children + Article 9

Apply data minimisation + scope enforcement + localisation + cross-border transfers per applicable regulation. Data Minimisation and Scope Enforcement must (a) enforce OAuth scope checking at every API endpoint + (b) return only data within authorised scope +...

OPENBANK-5 · Data Minimisation, Scope Enforcement, Localisation, Cross-Border Transfers

Report breaches of security, suspicious activity, transportation security incidents, and cyber incidents that may affect facility or vessel security to the National Response Center and the Captain of the Port without delay, and follow up with written reports a...

MTSA-Incident-Reporting · Reporting of Breaches of Security and Suspicious Activity

Questions people ask about suspicious activity report

What is Suspicious Activity Report?
A filing required by financial institutions when they detect known or suspected criminal activity or suspicious transactions that may indicate money laundering.
Why is Suspicious Activity Report important for compliance?
Suspicious Activity Report is a key concept in Compliance and Regulatory. Understanding suspicious activity report helps organizations meet regulatory requirements, reduce risk, and demonstrate due diligence during audits. Our compliance platform maps 686 frameworks with 311K cross-framework control mappings.
Which compliance frameworks address Suspicious Activity Report?
Suspicious Activity Report appears in the requirement text of Bank Secrecy Act / Anti-Money Laundering (BSA/AML), GLI-33 - Gaming Laboratories International Event Wagering Systems, IAEA Nuclear Security Series - Computer Security at Nuclear Facilities (NSS-17-T Rev 1), Liechtenstein DPA, Open Banking Security. Across these standards we have identified 7 controls that name it directly, each linked to the control text on the compliance platform.
Where can I learn more about Suspicious Activity Report?
Explore our compliance framework pages to see how suspicious activity report applies across different standards and regulations. Our implementation guides provide step-by-step guidance, and the compliance platform offers AI-powered analysis of how this concept maps across 686 frameworks.

See how Suspicious Activity Report applies across compliance frameworks

Our platform maps 686 frameworks with 311K cross-framework control mappings. Explore how this concept is addressed across standards.

Written and maintained by Gerard Blokdyk, The Art of Service.