Attached is a copy of the Department of the Treasury's June 1999
issue of SAR Bulletin, published by the department's Financial Crimes Enforcement
Network (FinCEN). The publicationis the first of a series of overviews of trends
and patterns in money laundering derived from the Suspicious Activity Report (SAR)
database. It may provide financial communities with information that can help financial
institutions prevent and detect financial crime. For more information about FinCEN
programs, you may visit the FinCEN Web site at http://www.fincen.gov.
In a continuing effort to assist banks in Bank Secrecy Act compliance, anti-money
laundering efforts, and prevention and detection of other financial crimes, the Federal
Deposit Insurance Corporation (FDIC) will forward each issue of SAR Bulletin to
FDIC-supervised banks. Please circulate copies to each department of your institution with
Bank Secrecy Act compliance and internal security responsibilities.
Comments about the SAR Bulletin should be addressed to the Financial Crimes
Enforcement Network, Office of Communications, U.S. Department of the Treasury, 2070 Chain
Bridge Road, Vienna, VA 22182. Comments may also be faxed to FinCEN at (703) 905-3885. For
your reference, all FDIC Financial Institution Letters published since January of 1995 may
be found on the FDIC's Web site at www.fdic.gov under
the "Banking News" category.
Distribution: FDIC-Supervised Banks (Commercial and Savings)
NOTE: Paper copies of FDIC financial institutions letters may be obtained through the
FDIC's Public Information Center, 801 17th Street, NW, Room 100, Washington, DC
20434 (800-276-6003 or (703) 562-2200).