- 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)
Chief Executive Officer
BSA Compliance Officer
Bank Secrecy Act/Anti-Money Laundering Programs
Review Examiner Debra Novak, Division of Supervision and Consumer Protection,
at SASFIL@FDIC.gov or (202) 898-3673
- PDF 28k
FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/news/financial/2006/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, 801 17th Street, NW, Room 100, Washington, DC 20434 (1-877-275-3342 or 703-562-2200).