This report also in- cludes preliminary observations regarding SARs filed from May 2007 through Oc- tober 2007. Consistent with FinCEN’s mission to provide beneficial information to law enforcement, regulators and regulated industries, this report will present indicia of possible illicit activity that some insurance companies have identified, and hence raise awareness of possible risks and vulnerabilities. This report offers insight into the quality of the reporting. SAR narratives should make available clear, concise and invaluable information to law enforcement investi- gators. The relatively new reporting requirements on certain segments of the insur- ance industry provide an opportunity for an early evaluation.
