The Big Banks Alleged To Help Fraudsters To Launder Money

21st September 2020

Leak about UK banks like never before.

By law, banks must file suspicious activity reports when they spot transactions that bear the hallmarks of money laundering or other financial misconduct, such as large, round-number transactions or payments between companies with no discernible business relationship. SARs are not by themselves evidence of a crime, but FinCEN's director, Kenneth Blanco, has called them "vital for law enforcement investigations."

Read all about it at Buzzfeed

What are SARS?

Suspicious Activity Reports

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