Measuring Section 314(a)
FinCEN has published the latest status of actions using Section 314(a). Requests to financial institutions have resulted in 77 arrests, 72 indictments and the location of $14,405,053.64. Of the cases submitted, 155 involve terrorism and 269 involve money laundering. The information reported by financial institutions played a key role in law enforcement successes.
Copyright © 2005 Compliance Action. Originally appeared in Compliance Action, Vol. 10, No. 10, 9/05
First published on 09/01/2005