Fallout: the FinCEN Files

Timon Molloy (timon.molloy@informa.com), Editor

The FinCEN Files ought to be a watershed for anti-money laundering but whether it will so prove, and, ultimately, for good or bad, is unclear. The unlawful disclosure of 2,100+ SARs from FinCEN’s database could have a chilling effect on future reporting by financial institutions for two reasons, not mutually exclusive.