IRS Opens 2,121 BSA/AML Investigations in FY 2014

If you often wonder whether those SARs and CTRs you submit ever lead to investigations, the IRS annual report sheds some light. According to the report, the IRS opened 1,312 cases involving money laundering and 809 cases involving BSA issues with the majority of those investigations leading to prosecution and indictments. [4/9/15]