In more than a dozen articles this week, journalists with BuzzFeed News and other outlets argued that the FinCEN Files, a leaked cache of 2,100 suspicious activity reports, shows the eagerness of banks to do business with criminals while only technically meeting regulatory requirements.
A leak of more than 2,100 suspicious activity reports from the U.S. Treasury Department’s Financial Crimes Enforcement Network could prompt more “defensive filings” to law enforcement as banks and others review their compliance practices, sources told ACAMS moneylaundering.com.