Financial Crime Financial Crime

'Defensive' SARs filings remain an issue, NY regulator says

By Richard Vanderford
  • 15 Apr 2021 16:55
  • 15 Apr 2021 17:13
Banks' filing "defensive" suspicious activity reports remains a concern for enforcers and regulators, who often must sift through large amounts of reports that don't point to illegal activity, a New York regulatory official said.

The issue of defensive SARs filings — institutions' filing reports of likely non-criminal activity "just in case" — isn't

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