By Samuel Rubenfeld ( October 9, 2025, 16:51 GMT | Comment) -- The US Treasury Department’s financial intelligence unit, which has been on a deregulatory tear in recent months, told banks Thursday they should file fewer reports about suspicious transactions. Financial institutions filed about 4.7 million suspicious activity reports, or about 12,870 reports per day, in fiscal year 2024, according to a report issued in June. The US Treasury Department’s financial intelligence unit, which has been on a deregulatory tear in recent months, told banks Thursday they should file fewer reports about suspicious transactions....
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