Key facts
- Banks want FinCEN to provide data on how many suspicious activity reports lead to enforcement outcomes.
- The request is part of efforts to develop more targeted and risk-based supervision of AML processes.
Anti-money laundering (AML) professionals are urging the US Financial Crimes Enforcement Network (FinCEN) to provide more feedback on conviction rates associated with suspicious activity reports (SARs). This is part of efforts to develop more targeted and risk-based supervision of AML processes. FinCEN has been legally required to provide data around how many SARs lead to enforcement outcomes since the AML Act.
