MBA Comments to FinCEN on Proposal to Expand Suspicious Activity Reports

WASHINGTON, D.C. – February 4, 2011 – (RealEstateRama) — On Friday, February 4, 2011, the Mortgage Bankers Association, (MBA) submitted the attached comment letter to the Financial Crimes Enforcement Network (FinCEN) in response to FinCEN’s proposal to expand its anti-money laundering programs to help reduce mortgage fraud against lenders through a Suspicious Activity Report (SAR) reporting requirement (Notice of Proposed Rulemaking 1506-AB02).