2.1 Oracle Financial Services Compliance Regulatory Reporting Cloud Service

The Oracle Financial Services Compliance Regulatory Reporting Cloud Service (OFS CRR CS) United States Suspicious Activity Report (USSAR) Cloud Service (hence, referred as USSR Cloud Service) is used to analyze the reports and take appropriate action on the report for a resolution.

Reports are generated in the USSAR Cloud Service as a result of the Generate USSAR action taken on a case or cases in the Oracle Financial Services Crime and Compliance Management Anti Money Laundering Case Investigation Cloud Service (FCCM AML CM) Cloud Service. The business data (suspicious activity information, filing institution, and so on) and operational data (narratives, documents, and comments) related to the case, which led to the creation of a report are available in the USSAR Cloud Service. Using this information, authorized users analyze reports and report them to the regulator or close them by providing appropriate details.

The USSAR Cloud Service helps in generating e-file in a .xml format according to specifications described in FinCEN Suspicious Activity Report (FinCEN SAR) Electronic Filing Requirements. After successfully e-filing, you can download the acknowledgment (XML) file from the BSA E-Filing System and upload the acknowledgment into USSAR Cloud Service, thereby completing the SAR process.