Suspicious activity reports (SARs) flagging potential financial crime risks posed by wildlife trafficking are on the rise, according to a report published Monday by the Financial Crimes Enforcement Network (FinCEN).
SARs filed in 2021 regarding wildlife trafficking “are on track to meet or exceed the amount of SARs filed in 2020 based on current trends,” the agency said, citing Bank Secrecy Act data. This finding continues a three-year trend identified by FinCEN highlighting increased frequency of reports bringing attention to wildlife trafficking and its effect on the U.S. financial sector.
