Articles

Robbery Date: 04/15/09

Bank Name: First National Bank of the North, Askov, MN

The vast majority of firms appear to take their responsibilities to file SARs seriously and expend a considerable amount of resources to diligently file SARs in accordance with their legal obligati

The defendants in this case first settled a civil suit with the government concerning the sale of $7 million worth of fraudulent ?prime-bank? note investments to investors nationwide.

Six defendants pled guilty and received prison time for defrauding investors in a case that started when a securities firm noticed suspect transactions and reported the activity to law enforcement.

SEC Enforcement and the Office of Compliance Inspections and Examinations (OCIE) review, in both the enforcement and examination contexts, all new SAR-SF forms that are filed.

Proactive Suspicious Activity Report Review Leads to Guilty Pleas in ?Cash Back? Mortgage Fraud Scheme

In order to satisfy fines and restitution ordered as a result of an earlier scheme, two defendants began a new multi-state advertising campaign scheme to attract buyers (mostly elderly) of non-exis

Identity theft occurs in many forms and can include additional crimes of false statement, computer intrusion, credit or debit card fraud, mortgage loan fraud, or wire transfer fraud.

Firms are required to file SARs that are complete, thorough, and timely.

FinCEN has reported on the increase in the number of SARs that cite mortgage fraud as a potential violation.34 Law enforcement uses these SARs to investigate and prosecute mo

By Staff of the Securities and Exchange Commission6

By FinCEN Office of Regulatory Analysis

By FinCEN Office of Enforcement

An investigation into hedge fund fraud that was initiated from a SAR resulted in guilty pleas, forfeiture, and in the case of the ringleader, a lengthy prison sentence.

A purported entrepreneur convinced scores of individuals to invest in ventures and businesses supposedly related to the extraction of natural resources that were, in realty, part of a sophisticated

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Research of depository institution SAR (Form TD F 90-22.47) narratives that included the designated search terms retrieved 8,166 reports filed by 1,045 filers.

When a credit card issuer decides to impose a discretionary rate increase on a consumer cardholder because of the consumer's default, do the Truth in Lending Act and Regulation Z require delivery o