“Missing SARs” Leads to Continuing SARs and Corrected/Amended SARs I teamed up with Jim Richards, […]
Suspicious Activity Reports
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Alison Jimenez testified at the House Financial Services Subcommittee on Digital Assets, Financial Technology and […]
Summary: DSA analyzed nine Crypto Suspicious Activity Report enforcement actions to identify common reasons for […]
Summary: The portion of law enforcement 314(a) requests involving money laundering has increased in recent […]
Alison Jimenez was quoted in a MoneyLaundering.com article regarding FinCEN's advisory on Human Smuggling.
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.
