Bank Secrecy Act The SAR Activity Review By the Numbers, May 2006
June 28, 2006
The Financial Crimes Enforcement Network (FinCEN) has issued the sixth edition (May 2006) of The
SAR Activity Review By the Numbers.
FinCEN issued the sixth 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,
and card clubs, certain money services businesses, and
certain segments of securities and futures industries.
The SAR Activity Review By the Numbers is generally published
twice annually with activity covering two filing periods: January 1 to
June 30, and July 1 to December 31. The current edition can be accessed
The SAR Activity Review By the Numbers serves as a companion
report to The SAR Activity Review – Trends, Tips & Issues.
As of December 31, 2005, over 3.1 million SARs have been filed
with FinCEN. Of that total, over 2 million were filed by depository
Bank Secrecy Act/structuring/money laundering continues to be the leading
characterization of suspicious activity.
A comparison of SAR filing trends between 2004 and 2005 includes:
a 41% increase in mortgage loan filings; a 55% increase
in consumer loan fraud filings; a 77% increase in false statement filings;
and a 35% decrease
in computer intrusion filings.
FDIC-Supervised Banks (Commercial and Savings)