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ARTICLE · 16 OCTOBER 2020

The FinCEN Files

Collas Crill
Collas Crill
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Collas Crill

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Senior Associate Nin Ritchie shares her thoughts on the recent news about the FinCEN leaks.

JerseyFinance and Banking
Nin Ritchie
Nin Ritchie
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Senior Associate Nin Ritchie shares her thoughts on the recent news about the FinCEN leaks.

I'm a regulatory lawyer, I love a bit of drama (I shouldn't admit it, I know), but when early Monday morning my roomie said 'you've got to see this!', having barrelled around the desk to come full visual on the BBC news headline 'The FinCEN Files', my heart sank to an all-time regulatory low.

Some 2,657 of FinCEN's documents, of which 2,121 were suspicious activity reports (SARs), have been leaked to Buzzfeed News and shared with a group that brings together investigative journalists from around the world, who in turn distributed them to 108 news organisations in 88 countries, including the BBC's Panorama programme.

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