Reflecting on the FinCEN files

How counsel can help financial institutions shape better practice?

Over a month has passed since the storm of media reporting associated with the 'FinCEN files', a leak of over 2,000 Suspicious Activity Reports (SARs) filed with the US Financial Crimes Enforcement Network (FinCEN).

Salacious headlines of wrongdoing by the global banks have faded out of the mainstream, but what key messages should financial crime lawyers have taken from the FinCEN files? Is anything changing as a result?

FRA Consultant Anant Modi and Director Sarah Wrigley discuss what steps counsel can take to help financial institutions shape better practice in this month's edition of The Lawyer.

Read the full article here.