What Happens When a Bank Files a Suspicious Activity Report?

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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent, and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or network providers. Read more about our Editorial Guidelines and How We Make Money.
What Is a Suspicious Activity Report (SAR)?
What Types of Businesses Have to File a SAR?
Why Are SARs Important?
What Triggers a Suspicious Activity Report?
What Can Happen If Your Bank Files a SAR?
The Takeaway
Frequently Asked Questions
Photo credit: iStock/marchmeena29
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About the Author
Su Guillory is a freelance business writer and expat coach. She’s written several business books and has been published on sites including Forbes, AllBusiness, and SoFi. She writes about business and personal credit, financial strategies, loans, and credit cards.
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