SAR Activity Review

A year ago, this was the big news:

BREAKING NEWS: SAR Activity Review: Trends, Tips and Issues is the title of a report just issued by FinCEN. It has four sections; Statistics on SAR Filings, Identification and Analysis of National Trends in Money Laundering, Samples of Specific Prosecutions (in which SAR filings had a significant role) and Updates.

HOTLINE advisor John Byrne noted that banks have questioned the value of SARs and want some solid feedback on where SARs are going and what is being done with them. FinCEN said the new reports are meant to address these concerns.

The reports are to be issued each October and April.

Now, the latest SAR Activity Review, the October 2001 issue, has been released with the latest insight into suspicious activity trends. Access the new issue. Copyright © 2000 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 10, No. 11, 11/00