Suspicious Activity Reports
66 posts
The Wall Street Journal published an article that extensively cited Dynamic Securities Analytics analysis of the impact of the coronavirus pandemic on SARs.
There is a complete disjoint between what financial institutions are asked to report, what they do report, and national illicit finance priorities.
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 […]