FinCEN SAR Instructions – Item 64 – How should the “Branch’s role in transaction” field be completed?

Compliance > BSA > FinCEN SAR Instructions
Q:  How should the “Branch’s role in transaction” field be completed?
 
A:  For item 64, Branch’s role –
 
Check the box “Selling location” if the branch sold the products or instruments recorded in Items 39 or 40 to a customer. Check the box “Paying location” if a customer received payment from the branch for the products or instruments recorded in Items 39 or 40. Check the box “Both” if the Part III financial institution branch was both a paying and selling location for the products or instruments recorded in Items 39 or 40. This item must be blank if no branch is involved in the suspicious activity. If multiple branches are involved in the suspicious activity, a separate Item 64 must be prepared for each branch.
 
 
ADDITIONAL INFORMATION:
This is addressed in the "FinCEN Suspicious Activity Report Electronic Filing Requirements" guide, Attachment C.

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