There were 65,242 suspicious activity reports (SARs) filed by credit unions last year, compared with 62,630 in 2009, according to data compiled by the Financial Crimes Enforcement Network.

SARs declined at all other types of financial institutions, FinCEN said in its new report.

There were 697,389 suspicious activity reports filed by depository institutions last year, compared with 720,239 in 2009. There were 629,239 SARs filed by non-depository institutions last year, compared with 560,996 in 2009.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.