Banks send the feds 300, 000 "suspicious activity reports" a year flagging potential structuring or money laundering.
Because a salesperson in Singapore preferred sending in his activity reports on a spreadsheet as before and no one called him on it.
The investigation was triggered when banks noticed frequent cash transfers from several accounts and filed suspicious-activity reports with the Internal Revenue Service, a law enforcement official told the Associated Press.
We have some idea of how many mortgage crimes were out there thanks to the suspicious activity reports supplied to the FBI by banks, starting in the first quarter of 2006.
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Power and other senior officials said the number of suspicious activity reports they review for potential investigation skyrocketed from 3, 000 in fiscal year 2003 to about 35, 000 in 2006, to 48, 000 in 2007.
But the expansion of the system of suspicious activity reports (SARs) is swamping the National Criminal Intelligence Service, the authority responsible for processing and analysing them and then passing them on to prosecutors and police.
For a long time, there has been tension between financial services businesses and law enforcement over the question of suspicious activity reports (SARs), the warnings which are meant to be submitted whenever a transactions smells a little bit funny.
John Byrne, former head of compliance at the American Bankers Association, recently told congressional committees that regulatory requirements for dealing even with legit money-transfer services had become so burdensome for banks that they were filing suspicious-activity reports at every turn and shutting down remittance accounts.
PayWizard supports transactions made on multiple devices -- including online, iPads and other tablets, smart phones, connected TVs and digital set-top boxes -- and features a unique, web-based management dashboard that provides detailed real-time activity reports as well as valuable, actionable marketing information on viewer behaviour.
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The dramatic move to the upside also seemed justified, since the bad news from Europe and China had dropped out of the headlines, replaced by very positive U.S. economic reports, including gains in consumer confidence, manufacturing activity reports, retail sales, auto sales, pending home sales, and so on.
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Grantees shall submit financial and activity reports every three months to the Administrator detailing costs and expenditures, fiscal summary, names of funded staff persons, requested revisions, reallocations and adjustments, clients served, services provided, and revisions, if any, of time-tables and activities to reflect the current program status and future activity.
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The AWC alleged that during the review period, Newport Coast failed to establish and implement policies and procedures that could be reasonably expected to detect and cause the reporting of suspicious transactions and, as a result, failed to file suspicious activity reports, as appropriate, in contravention of NASD Rule 3011(a) and FINRA Rule 3310(a).
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It takes longer for the business owner to acquire funds to grow their business, and then to put those funds to use to derive calculable results presented in economic activity reports, as compared to the much quicker effects we see in the stock market when investors simply actuate their positive sentiment into stock purchases.
Of the two, only the First Progress card reports customer activity to all three credit bureaus.
Any individual who reports any activity on a Schedule C is considered a small business owner.
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To find out more about that I spoke to Liz Carter, a writer for the website Tea Leaf Nation, which follows and reports on activity in Chinese social media.
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According to a Republican memo circulated before the vote, that legislation is designed to ensure that " any person that voluntarily reports suspicious activity -- anything that could be a threat to transportation security" will be granted immunity from civil liability for the disclosure.
The market needs some reports of economic activity in May that are unequivocally positive.
Earlier on Friday, two reports showed that activity in the Chinese manufacturing sector is slowing.
NPR's Don Gonyea reports on Republican activity in the state and on how Republican voters are reacting.
Plato also reports that volcanic activity sank Atlantis, but this may have been a case of embellishment, says Collina-Girard.
But Nato's International Security Assistance Force (Isaf) said there were no reports of militant activity in or around the base at the time of the crash.
Chief McGrath disputed claims by neighbours that police did not fully investigate reports of suspicious activity at 2207 Seymour Avenue, which is in a working-class, mostly Puerto Rican district.
Prepared to provide regular reports on their activity.
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"While we haven't had any reports of unauthorized activity on Dropbox accounts, we've taken a number of precautionary steps and continue to work around the clock to make sure your information is safe, " the post says.
Citigroup says it has no reason to believe that this information has been used inappropriately, nor has it received any reports of unauthorized activity, but wants to make customers aware of the problem and provide them with suggestions on how to protect their identity.
Yet unless the remitters became embroiled in a serious crime, often involving drug money, Western lawmakers largely ignored them, focusing instead on trying to dam the river of dirty money that flowed through traditional banking channels--chiefly through the 1970 Bank Secrecy Act, and later its amendments, which required banks to file reports of suspicious activity and high-dollar transactions, and to maintain information about account holders' identities.
Restrictive employment agreements should be required to expressly state that no penalties can be applied to an employee who reports unethical or illegal activity of the manager.
For the week ended March 26, large speculators added to their already-sizable net-short position in copper in both the disaggregated and legacy versions of the two reports, while the activity was mixed for the platinum group metals.
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As for the reports that you mention about activity at the facility, I don't have any comment on intelligence matters.
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