Tag: Suspicious Activity Reports

The law enforcement arm of the IRS has launched a new program to ensure financial institutions receive “quantifiable results” on ...

As reported by Politico, Acting Comptroller of the Currency Michael Hsu sent a letter earlier this month responding to concerns ...

FinCEN has not increased the burden estimate associated with filing CTRs, nor has it adjusted the burden estimate for filing ...

FinCEN received approximately 4.6 million suspicious activity reports in fiscal year 2023, for an average of 12,600 reports a day, ...

Financial institutions can improve the value of their suspicious activity reports for law enforcement by taking steps such as providing ...

In a joint notice, the Financial Crimes Enforcement Network and the Commerce Department’s Bureau of Industry and Security announced a ...

Grandparent scams are a particularly pernicious fraud, one that preys on seniors' love, care and concern for their family members. ...

Following a documented process should increase bank confidence when aiming to balance AML and consumer fairness risk.

Successful information sharing will reduce the time it takes to interdict, stop and report criminal activity, boost customer trust and ...

U.S. law enforcement agencies are deputizing—voluntarily or involuntarily—financial institutions to serve as their lead investigators.