FinCEN advisory on cyber-event suspicious activity report obligations

Last month, the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury released an advisory to financial institutions on cyber-events and cyber-enabled crime.

With this advisory, financial institutions need to file a Suspicious Activity Report for cyber-related events that meet certain criteria. FinCEN expects that the financial institutions will help combat the ever-increasing tide of cyber-attacks, and should review and assess their compliance procedures taking account of these issues.

Click here to learn more about the released advisory and how it affects financial institutions.


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