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.
Drug Trafficking
3 posts
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.