Want to create an interactive transcript for this episode?
Podcast: Compliance Clarified – a podcast by Thomson Reuters Regulatory Intelligence
Episode: Series 8, Episode 6: Suspicious activity reports surge; 2023 filings on pace for another record
Description: Financial institutions in the United States are filing an exceptionally high volume of suspicious activity reports (SARs), with more than 3.6 million SARs submitted in 2022, a 57% increase over pre-pandemic (2019) levels. Additionally, suspicious activity reporting is on pace to set another annual record in 2023.A special report published recently by Thomson Reuters takes a deeper dive into the data offering valuable insight into critical areas of financial crime.A link to the report is available here:www.thomsonreuters.com/en-us/posts/investigation-fraud-and-risk/special-report-suspicious-activity-reports/In this episode of Compliance Clarified, Todd Ehret, Senior Regulatory Intelligence Expert...