In the aftermath of the “FinCEN Files” investigation into the release of more than 2,100 suspicious activity reports (SARs), financial industry practitioners say changing the system needs to start within their own institutions.
Client lifecycle management vendor Fenergo polled more than 500 financial industry practitioners about their reactions to the FinCEN Files investigation, which detailed more than $2 trillion worth of fraudulent transactions coursing through the world’s financial system from 1999 to 2017.
