Jansen quoted in CNNMoney.com Banks file Suspicious Activity Reports on their consumers
Posted on August 9th, 2006 by admin
Jansen quoted in CNNMoney.com (Banks file Suspicious Activity Reports on their consumers) [Critics] say that’s because SARs have little impact in stopping terrorism. Bradley Jansen, director at the Center for Financial Privacy and Human Rights, said SARs would have been unable to track the 9/11 terrorists because their financial transactions weren’t particularly suspicious or out of the ordinary. He added that the vehemence surrounding SARs creates racial profiling but isn’t effective in predicting a terrorist act. “Once something happens, investigators can go back to database and find information quickly,” he said. “But the suspicious profiling is not designed to prevent anything.” August 9 2006.