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SAR reporting jumps after 9/11 as financials learn terrorists rely on the financial system to fund their attacks

WASHINGTON-According to Financial Crime Enforcement Network (FinCEN) data, suspicious activity reporting has increased dramatically since last September. Following the terrorist attacks last year, law enforcement discovered that terrorists were using the U.S. financial services system to help fund their activities. While Suspicious Activity Report (SAR) filing mainly stayed under 17,000...