What is a suspicious activity report (SAR) and to whom should it be filed in the insurance sector?

• A. A SAR is a dietary supplement guidance.
• B. A SAR is a tax form for premiums.
• C. A SAR is a shipping manifest.
• D. A SAR is a report of suspected ML/TF; filed with FinCEN or applicable regulatory authority; insurers may need to report to the regulator and relevant financial intelligence unit.

Answer: (D)