Latest Security - SAR Topics

The U.S.

National Summary

TOP FIVE LOSS CATEGORIES (by Number of Accounts)

On July 1, 1998, the Chief Financial Officer, President, and Vice-President of a check cashing company were arrested on money laundering charges stemming from a two-year investigation conducted by

One of the purposes of filing SARs is to identify violations or potential violations of law to the appropriate law enforcement authorities for criminal investigation.

SAR Filing Leads to 125-Count Indictment in $2.7 Million Embezzlement Case

Six People Arrested for Allegedly Bilking Millions of Dollars of Goods from Food Bank

The closure of a customer account as the result of the identification of suspicious activity is a determination for an organization to make in light of the information available to the organization

Cheats Elderly Out of $100 Million

Criminal Organization ? Baby Formula

Analysis of SAR Filings and CTRs Leads to Indictments of Criminal Organization

Federal law (31 U.S.C. 5318(g)(2)) prohibits the notification of any person that is involved in the activity being reported on a SAR that the activity has been reported.