“Missing SARs” Leads to Continuing SARs and Corrected/Amended SARs I teamed up with Jim Richards, […]
SARs
77 posts
Summary: DSA analyzed nine Crypto Suspicious Activity Report enforcement actions to identify common reasons for […]
After years of neglect, it appears that Human Smuggling financing is a priority to government agencies. Human Smuggling Suspicious Activity Reports (SARs) filed by MSBs have skyrocketed since mid-2021 while banks' filings have remained flat. FinCEN issued then deleted a Human Smuggling Alert on 12/16/2022.
Reporting, discovering, and researching drug trafficking SARs is hindered by the lack of a drug trafficking SAR checkbox.
DSA identified key trends in foreign corruption and kleptocracy Suspicious Activity Reports filed between January 2019 and March 2022.
