FinCEN SAR Activity Review, Trends, Tips & Issues, Issue 10

10
Table 2: Top 15 Filer States
State
Number of
Check
Cashers
(> $1,000)
Percentage of
Total Reports
of Check
Cashers
(>$1,000)
Number of
Money
Transmitters 11
Percentage of
Total Reports
of Money
Transmitters
Alabama 7 2.03% 6 2.02%
Arizona 12 3.48%
California 18 5.22% 80 26.94%
Colorado 11 3.19%
Connecticut 6 2.02%
Delaware 6 2.02%
Florida 9 2.61% 12 4.04%
Georgia 7 2.03%
Illinois 19 5.51% 9 3.03%
Indiana 11 3.19%
Massachusetts 11 3.70%
Michigan 34 9.86%
New Jersey 23 7.74%
New York 15 4.35% 22 7.41%
Ohio 64 18.55% 11 3.70%
Oregon 8 2.69%
Tennessee 22 6.38% 8 2.69%
Texas 32 9.28% 19 6.40%
Virginia 9 3.03%
Washington 11 3.19% 23 7.74%
Wisconsin 8 2.32%
TOTALS 280 81.19% 253 85.17%
Results of this analysis revealed unregistered check cashers to be most
concentrated in the central United States (Ohio, Michigan, Texas, Tennessee,
and Illinois), whereas unregistered money transmitters were found to be
most concentrated on the East and West coasts (California, Washington, New
Jersey, New York, and Florida).
11 297 SARs of the 309 reported with this activity provided state locations for suspects.