When first introduced, SAR reporting was limited to banks, but that has been steadily expanded. Now there are over 23,000 reporting institutions, comprising banks, brokerages, insurance companies, casinos, and money services businesses. However, while the requirement has been expanded to nearly all financial firms, reporting volumes are dramatically weighted to traditional banking firms.
- Chapter 8: Identifying Risk Exposures
- from Money Laundering Prevention: Deterring, Detecting, and Resolving Financial Fraud
- Publisher: John Wiley & Sons
- Released: June 2011
SAR = Suspicious Activity Report
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