Idola Blogs

• assessment of SARs filed by the securities and futures industry by FinCEN’s Office of Regulatory Analysis as well as information from staff of the Securities and Exchange Commission (SEC) on how to file SARs, the SEC’s use of SARs and the consequences to regulated institutions for failure to file
• covers the securities industry, Ponzi schemes and mortgage fraud cases

Secretary Timothy F. Geithner following the semi-annual plenary meeting of the Bank Secrecy Act Advisory Group (BSAAG):

The Bank Secrecy Act continues to be a powerful weapon against fraud, but that weapon is only useful when it is armed with the valuable information that our private sector partners provide.  This partnership has proven its resilience throughout these financial times because our efforts to fight financial crimes are collaborative and because we seek common ground to safeguard the financial system.  I am confident these joint efforts will thrive into the future.

via TG-128: Statement by Secretary Geithner on the Bank Secrecy Act
Advisory Group Plenary Meeting.