FinCEN Issues SAR Stats Technical Bulletin

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The Financial Crimes Enforcement Network (FinCEN) has issued full Suspicious Activity Report (SAR) statistics through Dec. 31, 2016, reflecting data nationwide and by individual states and territories. This edition contains a new feature—where County and Micro & Metropolitan Statistical Area data is concerned, percentage change(s) in filing rates between the last two full calendar years (2015 & 2016) have been added.

Note: the Interactive SAR Stats (accessible via FinCEN’s homepage) displays filing rates of specific SAR data from March 1, 2012 through the latest month of the current year.

Click here for the SAR Stats Technical Bulletin.
Click here for the Interactive SAR Stats.

CFPB Proposes Prepaid Rule Delay
The Consumer Financial Protection Bureau (CFPB) has announced a proposal to delay the effective date of the agency's prepaid accounts rule to April 1, 2018. The effective date is currently Oct. 1, 2017. 

The proposal does not address changes to any other part of the prepaid accounts rule. The CFPB is only seeking comments on "any implementation challenges that may affect consumers, and how additional time will impact industry, consumers, and other stakeholders."

Comments on the proposal will be due 21 days after it is published in the Federal Register. Click here for the agency's press release and here for the proposal.

 

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