Latest Security - SAR Topics

A joint investigation conducted by the IRS/CID, DEA, and the Bureau of Alcohol, Tobacco, and Firearms (ATF) was initiated by an analysis of SARs and CTRs filed by banks in Ohio.

A SAR filed by a financial institution in Pennsylvania led to a joint investigation by the IRS/Criminal Investigation, the U.S.

Action Item 4.5.3 of the National Money Laundering Strategy for 2000 (NMLS) calls for mechanisms and processes associated with the movement of criminal proceeds into, through, and out of the United

As reported in the first SAR Activity Review, SAR filings continue to highlight suspicious activity involving suspected shell companies .

At the request of the filing industries, FinCEN conducted a study to determine the number of SARs being filed voluntarily.

Sweden: Sweden's FIU reports that there were 2,560 suspected cases of money laundering reported to the FIU during 2000, which constitutes a 70 percent increase from 1999.1

In each issue of the SAR Activity Review, representatives from the financial services industry offer insight into some aspect of compliance management or fraud prevention that presents their vi

Barbara E. Hurst, Editor

Editor's note: We felt the following email to be of sufficient importance to our readers to include it in full:

Dear Editor: