3 ms·

But this is bullshit though? if they indeed didn't want you to know of the SAR they would have not closed the account and let you build more of a case to arrest

• closeparen 2y ago
  Most SARs are innocuous, the feds aren’t going to run a sting operation every time someone is a little too suspicious for a compliance department to touch. > In the U.S., SARs gather up in piles at the Financial Crimes Enforcement Network (FinCEN). Most are write-once read-never. The dominant way they are actually used is that, when someone comes under criminal suspicion for other reasons, law enforcement runs their name through FinCEN. That will, some of the time, turn up sufficient threads about their money laundering to allow investigators to send letters to the relevant financial institutions to get full account histories. https://www.bitsaboutmoney.com/archive/money-laundering-and-aml-compliance/ https://www.bitsaboutmoney.com/archive/money-laundering-and-...