8.1 Overview

When a report is created in the application, the report details are entered and then submitted for approval. After the report is submitted for approval, you can validate the report details and either approve, reject, or close the report.

If you approve the report, then the report is available for E-File generation. The generated E-File is submitted to FinCENs BSA E-Filing System. The E-File is validated by FinCEN, and an acknowledgment (XML file) is generated. Then the acknowledgment file can be uploaded into the OFS CRR application. The application will associate the FinCEN returned BSA Identifier to each SAR within the E-File. Now, you can mark that the SAR process is completed.