Regulators say they're trying to give skeptical bank compliance officers some SAR-tisfaction.

Financial institutions have filed nearly 115,000 "SARs," or suspicious activity reports, since the federal government created them in April 1996. The reports and their predecessors, criminal referral forms, are used to notify law enforcement authorities of possible money laundering and fraud.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.