2.2 About CRR Application

The Oracle Financial Services Compliance Regulatory Reporting (OFS CRR) application supports the management, delivery, and resolution of regulatory reports across multiple geographic regions and across multiple financial lines of business. As there are several differences in requirements for paper- based formats versus electronic formats between different geographic regions, and the data elements that are required on these reports. The approach to satisfy the end goal is to provide a Compliance Regulatory Reporting framework that is configured to support paper-based and electronic formats for different geographic regions and to generate and file different types of reports.

The Oracle Financial Services Compliance Regulatory Reporting application is integrated with the Oracle Financial Services Enterprise Case Management to allow you to generate reports automatically populated with information relevant to an investigation for any report filed.

The OFS CRR application helps in generating an e-file in an .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 the OFS CRR application, thereby completing the SAR process.