In September of this year, the International Consortium of Investigative Journalists (ICIJ) released the FinCen Files—a leak of suspicious activity reports (SARs) from the U.S. Treasury's Financial Crimes Enforcement Network (FinCen). SARs are notices of potential money laundering or other illegal activities that banks and other financial institutions are required to file. While the leak only compromises approximately two percent of the SARs that are filed—about 2,100 transactions between 1999 and 2017 representing over $2 trillion that came out of the Mueller investigation—and SARs are not necessarily associated with illegal activity, the leak provides a glimpse into a narrow band of the world of international finance.
Latvia, Russia Figure Prominently in FinCen Leaks
Latvia, Russia Figure Prominently in FinCen…
Latvia, Russia Figure Prominently in FinCen Leaks
In September of this year, the International Consortium of Investigative Journalists (ICIJ) released the FinCen Files—a leak of suspicious activity reports (SARs) from the U.S. Treasury's Financial Crimes Enforcement Network (FinCen). SARs are notices of potential money laundering or other illegal activities that banks and other financial institutions are required to file. While the leak only compromises approximately two percent of the SARs that are filed—about 2,100 transactions between 1999 and 2017 representing over $2 trillion that came out of the Mueller investigation—and SARs are not necessarily associated with illegal activity, the leak provides a glimpse into a narrow band of the world of international finance.