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> Banks and other financial institutions file SARs when they believe a client is using their services for potential criminal activity. It sounds like banks fil
by k2enemy 6y ago
> Banks and other financial institutions file SARs when they believe a client is using their services for potential criminal activity.
It sounds like banks file SARs about their own clients. I'm guessing they don't have to cease doing business with the client because that would create an incentive not to file SARs.
- piker 6y ago...and tipoff the 'suspicious' actor