Suspicious Activity Reports (SARs)

Suspicious Activity Reports (SARs) are documents that financial institutions, such as banks and credit unions, file with government authorities when they detect unusual or potentially illegal activity. This can include transactions like large cash deposits, sudden changes in account behavior, or signs of money laundering. SARs are crucial for helping law enforcement identify and prevent criminal activities, such as fraud or terrorism financing. While filing a SAR does not mean someone is guilty, it acts as a red flag that triggers further investigation by the authorities. SARs help maintain the integrity of the financial system.