The Suspicious Activity Report Activity Review, May 2006 Issue

GuidanceFederal Deposit Insurance Corporation (FDIC)
Financial Crimes Enforcement Network (FINCEN)Anti-Money Laundering
Information Security

The tenth (May 2006) issue of The SAR Activity Review – Trends, Tips, & Issues, published by the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), is now available.

Highlights:

- On May 31, 2006, FinCEN released the tenth edition of The SAR Activity Review – Trends, Tips & Issues. This issue focuses on the money services business (MSB) industry.

- Article topics include the use of Suspicious Activity Reports (SARs) to detect unregistered MSBs and guidance on registration and deregistration of a business as an MSB.

- This issue also identifies current trends in mortgage loan fraud, as well as filing activity and detection of unlicensed/unregistered MSBs.

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