Home > FAQs > Compliance > Anti-Money Laundering ("AML") Programs > When am I required to file a Suspicious Activity...

When am I required to file a Suspicious Activity Report (SAR)?

FCMs and IBs must file form SAR to report suspicious transactions that are conducted or attempted by, at, or through the firm and involve an aggregate of at least $5,000 in funds or other assets (not limited to currency). A transaction is suspicious if the Member knows, suspects, or has reason to suspect that the transaction or pattern of transactions: 1) involves funds that come from illegal activity or are part of a transaction designed to conceal that the funds are from illegal activity; 2) is designed, such as through structuring, to evade the reporting requirements of the Bank Secrecy Act; 3) does not appear to serve any business or apparent lawful purpose; or 4) involves the use of the FCM or IB to facilitate a criminal transaction. In most instances, the SAR is due within 30 days after the firm becomes aware of the suspicious transaction.

NFA is the premier independent provider of efficient and innovative regulatory programs that safeguard the integrity of the derivatives markets.
Site Index | Contact NFA | News Center | FAQs | Career Opportunities | Industry Links | Home
© National Futures Association All Rights Reserved. | Disclaimer and Privacy Policy