Dynamic Securities Analytics' 2020 SAR Insights focuses on the interplay between COVID-19 and Suspicious Activity Reports filed by Depository Institutions.
SARs
72 posts
Several key threats including Drug Trafficking, Organized Crime and Tax Evasion do not have SAR category checkboxes. SAR data is only "useful" to government authorities inasmuch as it is discoverable. Structured data is more easily searchable and will lead to improved AML effectiveness.
DSA's SAR analysis was cited by NBC in "Secret documents reveal potential dark side of pre-paid debit cards."
Alison Jimenez, president of Dynamic Securities Analytics, authored “Healthcare Fraud During a Pandemic: Fast Facts […]
The overwhelming majority of laundered funds originate from income tax evasion, yet there is no corresponding SAR category.
There is a complete disjoint between what financial institutions are asked to report, what they do report, and national illicit finance priorities.
Alison Jimenez, president of Dynamic Securities Analytics, authored “What Financial Institutions Need to Know about […]
DSA analyzed SAR data and BSA regulator enforcement data to compare the level of regulator scrutiny.
2,301,163 SARs were filed in 2019 which is an increase of 6% from 2018 levels. Depository Institutions filed 48% of all SARs, MSBs accounted for 37% and Securities/Futures filed 9%.
Alison Jimenez, president of Dynamic Securities Analytics, authored “Migrant Smuggling: What Financial Institutions Need to […]