What is the report called that must be filed if fraud or AML is detected?

The report that must be filed when fraud or Anti-Money Laundering (AML) activities are detected is known as a Suspicious Activity Report (SAR). This report is a critical tool used by financial institutions and certain other entities to alert regulatory authorities about suspicious transactions that may indicate money laundering, fraud, or other financial crimes.

Filing a SAR is part of compliance with the Bank Secrecy Act (BSA) and is required when there is a suspicion that any transaction involves funds derived from illegal activities or is intended to hide or disguise funds or assets. The SAR provides relevant details about the transaction and the parties involved, enabling authorities to investigate further and take appropriate action. This process helps maintain the integrity of the financial system and protect it from being used for illicit activities.

The other options listed do not reflect the actual terminology or requirements established by regulatory authorities in relation to fraud or AML detection. For example, while "Fraud Report Form" and "Financial Anomaly Report" may sound plausible, they do not correspond to the official reporting requirements set forth in regulations. Similarly, "AML Compliance Report" could refer to a general compliance document but does not specifically address the act of reporting suspicious activities.