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Highlights:
- FinCEN has issued the ninth edition of The SAR Activity Review by the Numbers. The report is a compilation of numerical data gathered from Suspicious Activity Reports (SARs) filed by depository institutions, certain money services businesses, casinos and card clubs, and by certain segments of the securities and futures industries.
- The SAR Activity Review by the Numbers is published twice annually covering two filing periods: January 1 to June 30, and July 1 to December 31. To access the report, visit http://www.fincen.gov/sars/sar_by_numb_09.pdf. (PDF Help)
- The SAR Activity Review by the Numbers serves as a companion report to The SAR Activity Review - Trends, Tips & Issues.
- As of June 30, 2007, over 4.8 million SAR forms had been filed with FinCEN. Of that total, over 3.1 million were filed by depository institutions.
- Bank Secrecy Act/Structuring/Money Laundering continues to be the leading characterization of suspicious activity.
- A comparison of SAR filing trends for the first six months of 2007, over the corresponding period in 2006, includes a 58 percent increase in Check Kiting, a 35 percent increase in Mortgage Loan Fraud, and a 19 percent increase in Terrorist Financing.
Distribution:
FDIC-Supervised Banks (Commercial and Savings)
Suggested Routing:
Chief Executive Officer
BSA Compliance Officer
Related Topics:
Bank Secrecy Act/Anti-Money Laundering
Programs
Attachment:
None
Contact:
Review Examiner B. C. Hamilton at
SASFIL@FDIC.gov or (202) 898-8506
Printable Format:
FIL-32-2008 - PDF (PDF Help)
Note:
FDIC financial institution letters (FILs) may be
accessed from the FDIC's Web site at:
http://www.fdic.gov/news/news/financial/2008/index.html
.
To receive FILs electronically, please visit
http://www.fdic.gov/about/subscriptions/fil.html.
Paper copies of FDIC FILs may be obtained
through the FDIC's Public Information Center,
3501 Fairfax Drive, Room E 1002, Arlington, VA
22226 (1-877-275-3342 or 703-562-2200).
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