Banking

Terrorism and cash laundering aggregates released: April through June 2023

The FinCEN 314(a) Updates area is released on a regular basis to much better capture the pattern line for 314(a) use. Section 314(a) of the U.S.A. PATRIOT Act permits info sharing in between police and the economic sector where police asks banks to browse their records for a match in between called people and entities and bank records. The figures show aggregate overalls from the time FinCEN began gathering info in late 2002 (FinCEN does not offer the information in any other format).

As of June 27, 2023, the FinCEN’s 314(a) Fact Sheet has actually processed 6,227 demands relevant to the following substantial criminal examinations because the program begun in late 2002:

  • Terrorism/Terrorist Financing – 780 cases (increased from 773 reported April 4, 2023)
  • Money Laundering – 5,447 cases (increased from 5,310 cases reported April 4, 2023)

Data from April 2022/2023 through June 2022/2023 is as follows:

314(a) Money Laundering Cases April through June

Gabriel

A news media journalist always on the go, I've been published in major publications including VICE, The Atlantic, and TIME.

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