Summary: The portion of law enforcement 314(a) requests involving money laundering has increased in recent […]
Suspicious Activity Reports
67 posts
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.
DSA identified key trends in foreign corruption and kleptocracy Suspicious Activity Reports filed between January 2019 and March 2022.
