June 9, 2003 News Archive

Suspicious Activity Form Revised
SR 03-12 announced revisions to the Suspicious Activity Report, commonly known as the SAR form. The revisions, effective on July 1, 2003, add boxes to identify terrorist financing activities and identity theft, and update the form's instructions with safe harbor language reflected in the USA PATRIOT Act.

Application Name Check Procedures to Include Fingerprinting
The Fed has worked with the Federal Bureau of Investigation to enhance its existing name check process to obtain more current and accurate information relating to arrests and convictions. These changes, detailed in SR 03-10 are effective with applications and notices submitted after June 30, 2003.