“It turns out bitcoin is generating suspicious financial activity, according to the Financial Crimes Enforcement Network, better known as FinCEN.
Try to contain your shock.
FinCEN for the first time last week released what it calls SAR Stats, a monthly report that documents trends in suspicious activity report filings (and presumably aiming to make bankers feel like the herculean effort of doing FinCEN’s work for it is somehow justified). Lo and behold, bitcoin featured prominently in the report.
Total SAR reports numbered about 1.6 million last year, a 3.3% jump compared to the previous year, FinCEN disclosed. More of those SAR filings centered on bitcoin transactions, apparently.”
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