1. US SAR User Guide
  2. Acting on Reports
  3. Approving/Rejecting/Closing Reports

7.2 Approving/Rejecting/Closing Reports

As a Supervisor, you can assess the reports that are requested for approval and take the appropriate action on the selected report.

Note:

    • It is mandatory to add comments to perform thisaction.
    • The comments added, and action taken on the selected report is recorded in the Audithistory.
    • Notification of rejected reports is sent to only those users whohave sent the reports for approval
  • Approving a Report: You can approve a report that is in Open, Re-open, Rejected, Rejected from E-file status, or Request for Approval status with all the mandatory fields updated. If the report is approved, an e-file is generated for the report. The generated e-file is submitted with the Fin- CENs BSA E-Filing System.
  • Rejecting a Report: You can reject the report in Approved or Request for Approval status. If the report is rejected, then the Analyst must re-work the report and resubmit the report for approval or can close the report. If the Analyst closes the report after it is rejected, then the status of the report changes to Closed. But if the Analyst chooses to rework the report, then the status of the report changes to Request for Approval, which is again validated and approved by the Supervi- sor. This process continues until the report is approved or closed.
  • Closing a Report: You can a close report without filing in Open, Re-open, Rejected, Rejected from E-file status, or Request for Approval status with all the mandatory fields updated. The Closed status removes it from the work queue and helps to distinguish it from those in the Filed status. After the report is closed, you cannot edit the report details, and the report is in View mode. The status of the report changes to Closed.
To approve, reject, or close a report, follow these steps:
  1. On the Regulatory Report Details page, click Approve, Reject, or Close. The Report Actions window is displayed..

    Note:

    If the mandatory information is missing or invalid, a warning message is displayed.
  2. Enter the comments in the Report Actions window. You can enter up to 255 characters.
  3. Click Save. A confirmation message is displayed. It is mandatory to add comments.

    Note:

    • It is mandatory to add comments to perform this action.
    • The comments added, and action taken on the selected report is recorded in the Audit history.