Results for tag: "Suspicious Activity Report"

The Suspicious Activity Report (SAR) market within the banking sector is a specialized area of compliance and risk management. Banks are required to report any suspicious activity to the relevant authorities, such as the Financial Crimes Enforcement Network (FinCEN). Banks must also ensure that their internal systems are able to detect and report suspicious activity in a timely manner. Banks must also ensure that their staff are trained to recognize and report suspicious activity. The SAR market is highly competitive, with a range of vendors offering solutions to banks. These solutions include software, services, and consulting. Vendors provide solutions to help banks detect and report suspicious activity, as well as to ensure compliance with regulations. Some of the companies in the SAR market include Accuity, BAE Systems, Fiserv, LexisNexis Risk Solutions, NICE Actimize, and SAS. Show Less Read more