InfoBytes Blog
Financial Services Law Insights and Observations
FinCEN Releases Third Edition of SAR Stats Technical Bulletin
On March 9, the Financial Crimes Enforcement Network released SAR Stats Issue 3, which is a yearly report of Suspicious Activity Report (SAR) statistics compiled through Dec. 31, 2016. This report provides nationwide and state/territory-specific suspicious activity data. Issue 3 covers the following industry types: depository institutions, money services business, securities and futures firms, insurance companies, casinos and card clubs, loan or finance companies, housing government sponsored entities, and other types of financial institutions.