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The FinCEN Files consist of more than 2,500 documents which were sent to US financial authorities reporting banks' concerns about their clients.
FinCEN is the US Financial Crimes Investigation Network.
Concerns about transactions made in US dollars need to be sent to FinCEN, even if they took place outside the US.
Suspicious activity reports, or SARs, are an example of how those concerns are recorded. A bank must fill in one of these reports if it is worried one of its clients might be up to no good. The report is sent to the authorities.
The files were obtained by BuzzFeed News which shared them with the International Consortium of Investigative Journalists (ICIJ) and 400 journalists around the world. Panorama has led research for the BBC.
FinCEN is the US Financial Crimes Investigation Network.
Concerns about transactions made in US dollars need to be sent to FinCEN, even if they took place outside the US.
Suspicious activity reports, or SARs, are an example of how those concerns are recorded. A bank must fill in one of these reports if it is worried one of its clients might be up to no good. The report is sent to the authorities.
The files were obtained by BuzzFeed News which shared them with the International Consortium of Investigative Journalists (ICIJ) and 400 journalists around the world. Panorama has led research for the BBC.
What are Suspicious Activity Reports?
Posted from bbc.com
Banking
Crime
Law
Fraud
Posted 4 y ago
Responses: 2
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PO1 William "Chip" Nagel
PO1 H Gene Lawrence I'll Probably be taking My Annual Test on SARs tomorrow.
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PO1 William "Chip" Nagel
PO1 H Gene Lawrence - Just Passed It. Good for Another Year but it wasn't Pretty! LOL!
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United States Department of the Treasury Financial Crimes Enforcement Network | FinCEN.gov
The Financial Crimes Enforcement Network (FinCEN) is aware that various media outlets intend to publish a series of articles based on unlawfully disclosed Suspicious Activity Reports (SARs), as well as other sensitive government documents, from several years ago. As FinCEN has stated previously, the unauthorized disclosure of SARs is a crime that can impact the national security of the United States, compromise law enforcement investigations,...
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PO1 William "Chip" Nagel
Sgt James S. Might Have Helped if I Had Reviewed this Before My Test today. Still Managed to Pass Though.
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