6 Analyzing Reports
To declare any report to be suspicious and report it to the FinCEN, you must view and assess the selected report and its details such as a filing institution, branches where the suspicious activity has occurred, the amount involved in the activity, type of suspicious activity (terrorist financing, fraud, and so on), subject (entity or person) associated with the suspicious activity. You must study narrations, documents, and audit history associated with the report before you take any type of action on the selected report. Use the Report Details page to view, analyze, and update the report information. You can add, delete, and modify the reports based on the status of the report and your user privileges. All the fields in the Regulatory Report Details tabs have numbers preceding the field labels. These numbers correspond to the numbers of the fields as they appear in the final FinCEN's SAR report that is used for discrete filing.
You must enter the report details in the tabs present in the Regulatory Report Details.