US Financial Crime Regulator Now Receives 1,500 SAR Reports per Month


August 22 2018

Kenneth A. Blanco, Director of the US Financial Crimes Enforcement Network, gave a speech which spoke positively about his agency’s efforts to regulate cryptocurrency businesses and the rise in the number of suspicious incidents being reported to it.

The speech was given at a technology conference held at the Chicago-Kene emphasized the importance of SARs or suspicious activity reports. He said that the agency now receives more than 1,500 reports of suspicious activity from businesses, which is positive because it is these that provide the leads necessary to secure convictions.