Fraud
October 2009 | Article
Suspicious activity reports (SARs) climbed at doubledigit rates in the seven categories relating specifically to fraud in 2008, according to The SAR Activity Review— By the Numbers, Issue 12. The semiannual report by the Financial Crimes Enforcement Network (FinCEN) includes SAR filings through Dec. 31, 2008. Check fraud (17 yeartoyear increase), mortgage loan fraud (23), consumer loan fraud (34), wire transfer fraud (58), commercial loan fraud (14), credit card fraud (22) and debit card fraud (10.5) all saw substantial increases.
