WASHINGTON–A new report from the Financial Crimes Enforcement Network (FinCEN) has found more than 15% of active FBI investigations in fiscal year (FY) 2023 were linked to anti-money laundering tools such as currency transaction reports (CTRs) and suspicious activity reports (SARs).
In the “Year in Review” for the last fiscal year, Financial Crimes Enforcement Network (FinCEN) said 26,635 CTRs were involved in various crime enforcement areas, including international terrorism, organized crime drugs, public corruption and international organized crime.
The agency said 21,927 SARs were involved in the same or similar areas.
The Specifics
In total, FinCEN said approximately 15.4% of active FBI investigations were “directly linked” to SARs and CTRs. Specifically, it said CTRs and SARs were directly linked to:
- 36.9% of organized crime drug enforcement investigations.
- 33.8% of complex financial crime investigations.
- 22.1% of transnational organized crime investigations
- 27.6% of public corruption investigations
- 14.8% of international terrorism investigations.
According to FinCEN, during 2023 there were about 20.8 million CTRs were filed (averaging 57,000 daily) and 4.6 million SARs (12,600 daily).
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