MUtual Funds:FinCEN Issues Guidance on Suspicious Activity Reporting Requirements for Mutual Funds

MUtual Funds:FinCEN Issues Guidance on Suspicious Activity Reporting Requirements for Mutual Funds: "The Financial Crimes Enforcement Network today issued guidance designed to assist mutual funds in complying with their suspicious transaction reporting requirement. Under a final rule, mutual funds must file reports with FinCEN that identify and describe transactions that raise suspicions of illegal activity. The requirement to file Suspicious Activity Reports (SARs) applies to transactions occurring after October 31, 2006"