News

Weekly Roundup: SARs on Elder Abuse Fraud Reach Record High, New Leaks Website Plans Disclosures on Russian Bankers and Politicians, and More

U.S. financial institutions filed more than 24,000 suspicious activity reports on suspected elder financial abuse last year, an all-time high that more than doubles the amount from five years prior, according to government data cited by The Wall Street Journal. More Pro-transparency website Distributed Denial of Secrets plans to release an archive of more than 200,000 emails leaked from Russian bankers, journalists and politicians, including a top aide to President Vladimir Putin, the Daily Beast reported. More U.K. financier and Kremlin critic Bill Browder threatened to pursue subpoenas of data from U.S. banks that process correspondent transactions for Finnish lender...

TO READ THE FULL STORY