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Nov 17, 2023
US Banks Gain Unprecedented Power By Ramping Up ‘Suspicious Activity’ Reports
US Banks Gain Unprecedented Power By Ramping Up ‘Suspicious Activity’ Reports
(America's Frontline Doctors) - U.S. banks are reporting customers to authorities as "suspicious" at a rate of nearly two million times a year, says a New York Times report this month. In 2022 banks filled out approximately 1.8 million suspicious activity reports (SARs) and are on track this year to reach nearly two million again, a 50 percent increase from 2021. SARs are submitted to the Financial Crime Enforcement Network (FinCen), which then distributes the data among relevant government and law enforcement authorities. READ: 'Controligarchs' lays bare a nightmare society the globalist elites have in store for humanity Banks submit SARs for a number of reasons, such as high transaction amounts or wire transactions from high-risk countries. Often the concern is about the source of funds or a "transaction with no apparent economic, business or lawful purpose." Other transactions that can trigger a SAR include large cash withdrawals. Since the federal go
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