FinCEN acknowledges unlawful SARs disclosure

The Financial Crimes Enforcement Network (FinCEN), the US financial intelligence unit(FIU), which also provides the IT for secure exchange of data between international FIUs via the Egmont Group, issued a short statement [1] on 1 September [2020] confirming the unlawful release of “Suspicious Activity Reports (SARs), as well as other sensitive government documents, from several years ago”.