1. US SAR User Guide
  2. Filing Regulatory Reports
  3. Generating Revised Reports

8.9 Generating Revised Reports

When you download an acknowledgment from FINCEN E-File System and identify there are errors or issues in the reports, but they are not rejected. You can update the report by selecting the Correct/ Amend Prior Report or Continuing Activity Report option for the report in the Filed status and resubmit an E-File with revised reports into FinCen E-File System again.

When you take the Generate Revised Report action on a report using the Correct/Amend Prior Report Type or Continuing Activity Report option, a new report is created with the same information, and the status of the report is Open with Correct/Amend Prior Report Type or Continuing Activity Report type. The report with Open status is available in the Regulatory Reports List. To submit the revised report into the FinCen E-File System again, follow the workflow. For example, if you have submitted report number 4458 into FinCen E-File System and received an acknowledgment with errors or issues. You have two options to revise the report and resubmit into FINCEN E-File System:
Corrected/Amend Prior Report Type: This option is used if any errors are to be corrected in the report. For example, Open Report Number 4458 in the Filed status and click Generate Revised Report. In the Generate Revised Report window, select the Correct/Amend Prior Report Type and save. A copy of Report Number 4458 was created with the new Report Number 2234 with the same information. The status of the report is Open, and the report type is Correct/Amend Prior Report Type. You can access the Correct /Amend Prior Report type in the Report Search and List page. Now follow the workflow and resubmit into FINCEN E-File System.
Continuing Activity Report Type: This option is used if you want to add additional information and continue the filed report. For example, open Report Number 4458 in the Filed status and click Generate Revised Report. In the Generate Revised Report window, select the Delete option and save. A copy of Report Number 4458 created with new Report Number 2234 with the same information. The status of the report is Open, and the report type is Continuing Activity Report. Now follow the workflow and resubmit into FINCEN E-File System.
To generate a revised report, follow these steps:
  1. On the Regulatory Report List page, open the report with Filed status.
  2. On the Details page, click Revised Generate. A Revised Generate window is displayed.
  3. Select the Correct/Amend Prior Report Type or Continuing Activity Report from the Type of Filing drop-down list and enter the comments.
  4. Click Save. A confirmation message is displayed, and a new report type is created as Correct/ Amend Prior Report Type or Continuing Activity Report with the same information. The status of the report is Open.
  5. Go to Report List and open a newly created report. Make the required corrections to the report and get approved to resubmit into FINTRAC E-File System. The FINTRAC E-File System verifies the report and replaces this report in its system for correction.