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Improved SARs Helping in Terrorism Fight, Treasury’s Levey Says
By Evan Thomas
printImproved SARs Helping in Fight Against Terrorists, Treasury's Levey Says Dec. 12, 2006 -- Suspicious activity reports are helping U.S. regulators battle terrorism as banks increasingly turn in better filings, U.S. Treasury Undersecretary Stuart Levey said. "As people are getting more and more sophisticated in compliance offices in our financial institutions, I think we are getting high-quality suspicious activity reporting and that helps our overall efforts," Levey said in an interview Monday in New York. SAR filings for suspected terrorist activity declined 38.4 percent in the first half of 2006 from the same period a year earlier, according to a...
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