Suspicious Activity Reports (SARs)

US Treasury imposes record enforcement penalties against Bank of America for widespread AML and sanctions compliance failures, including deficient transaction monitoring, customer due diligence and suspicious activity reporting

by AdrianaAMLP | Oct 13, 2026

FinCEN imposed a $1.2 billion penalty after the bank failed to report more than $5 billion in suspicious transactions, including activity linked to Chinese money laundering networks, potential narcotics trafficking and trade-based money laundering. The OCC separately...

FinCEN clarifies SAR confidentiality rules, allowing banks to discuss suspicious transactions, fraud concerns and a/c closures with customers, provided they do not reveal that a SAR was filed

by AdrianaAMLP | Sep 2, 2026

FinCEN and US banking regulators have issued a joint statement clarifying that SAR confidentiality requirements do not prevent banks and credit unions communicating with customers about the underlying facts, transactions and documents behind suspected fraud or other...

NCA’s UKFIU June 2026 SARs Reporter Booklet reveals over £800,000 in frozen illicit funds and a dismantled 40+ money mule network, exposing organised fraud, corruption, and ML cases

by AdrianaAMLP | Jun 18, 2026

Key interventions included £260,000 linked to bribery and corruption by a public-sector employee, over £200,000 seized in both a suspected kidnapping-related laundering case and an organised crime-linked vehicle sales business, and £60,000+ frozen from a suspected...

NCA UKFIU SARs in Action Issue 36 reports £5.8M in recovered assets, £14.5M under investigation, £500K+ in tax recoveries, and nearly 150 arrests with 40 convictions driven by SARs intelligence

by AdrianaAMLP | Jun 1, 2026

This Edition reports that more than 1,600 law enforcement officials are now using the SARs Digital Service, while the UKFIU continues to develop new functionality and run legacy systems in parallel during the transition. It also features NECC Amber Alert themes on...

Yahoo Finance: Charles Schwab wired nearly $28M for Jeffrey Epstein’s attempted purchase of a luxury Marrakesh palace just days before his arrest, even amid insufficient funds, prompting a FinCEN SAR

by Jyotsna Bucktowar | Feb 21, 2026

In June–July 2019, just before Jeffrey Epstein’s arrest, Charles Schwab wired approx. $27.7M on his behalf to a realtor in Marrakesh, Morocco, where Epstein was attempting to purchase the luxury Bin Ennakhil palace. One of these transfers, totaling nearly $14.95m, was...

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US Treasury imposes record enforcement penalties against Bank of America for widespread AML and sanctions compliance failures, including deficient transaction monitoring, customer due diligence and suspicious activity reporting

FinCEN clarifies SAR confidentiality rules, allowing banks to discuss suspicious transactions, fraud concerns and a/c closures with customers, provided they do not reveal that a SAR was filed

NCA’s UKFIU June 2026 SARs Reporter Booklet reveals over £800,000 in frozen illicit funds and a dismantled 40+ money mule network, exposing organised fraud, corruption, and ML cases

NCA UKFIU SARs in Action Issue 36 reports £5.8M in recovered assets, £14.5M under investigation, £500K+ in tax recoveries, and nearly 150 arrests with 40 convictions driven by SARs intelligence

Yahoo Finance: Charles Schwab wired nearly $28M for Jeffrey Epstein’s attempted purchase of a luxury Marrakesh palace just days before his arrest, even amid insufficient funds, prompting a FinCEN SAR

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