Dear Board of Directors:
The Financial Crimes Enforcement Network (FinCEN) published the October 2009 Issue 16 of The SAR Activity Review –Trends, Tips & Issues. This publication provides information relating to activity reported on Suspicious Activity Reports (SARs). Topics in this issue include:
Section 3: Law Enforcement Cases – This section provides summaries of investigations where BSA data played an important role in the successful investigation and prosecution of criminal activity. Examples include money laundering cases related to mortgage fraud, medical fraud, tax evasion, and structuring schemes.
The SAR Activity Review – Trends, Tips & Issues is published by FinCEN on a periodic basis to provide meaningful information about the preparation, use and value of SARs filed by financial institutions. The report can be found on FinCEN’s web site at: http://www.fincen.gov/news_room/rp/sar_tti.html.