6.2.1 Reporting Information

This section displays information on the type of report filing. The following are the possible types of filing:

• Initial Report: These reports are submitted to the FinCEN for the first time.
• Correct/Amend Prior Report: These reports were previously submitted but are being resubmitted with modifications to correct earlier provided information. A corrected SAR must refer to the previously submitted SAR by virtue of the BSA ID of the previous SAR.
• Continuing Activity Report: A continuing report is filed on suspicious activity that continues after an initial SAR is filed with FinCEN.
• Joint Report: It is a suspicious activity report that is being filed by the current institution jointly in cooperation with another financial institution.
• Filing Institution Note to FinCEN: This field displays the notes that you want to mention to FinCEN.

Validation:

selected the report as Joint Report and have not selected Initial Report or Correct/Amend Prior Report or Continuing Activity Report, then the application displays the following message: Select at least one of the Initial Report, Correct/Amend Prior Report, or Continuing Activity Report.