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FinCEN to Study Value of Publications Tracking Suspicious Activity Data
By Matt Squire
printThe U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) has hired a research company to determine whether two agency publications on suspicious activity reporting are useful to financial institutions. CFI Group, an independent researcher based in Ann Arbor, Michigan, will poll institutions for feedback on the SAR Activity Review-Trends, Tips & Issues and SAR Activity Review- By the Numbers which are each published twice a year, FinCEN Associate Director Jamal El-Hindi said in a letter sent to financial institutions on July 19. The letter was issued the same day congressional leaders requested a study of the agency's effectiveness in administering...
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