The number of suspicious activity reports that involve identity theft increased by 123% between 2004 and 2009, according to a report issued by the Treasury Department's Financial Crimes Enforcement Network.
During the same period, there was an 89% increase in SAR filings.
In 2004, there were 15,445 SARs with identity theft, and there were 36,210 last year, according to the report.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.