John Sandman

Spitzer SARs Disclosure and AML Breach, page 1

Spitzer SAR Disclosure and AML Breach, jump page

Spitzer SAR Disclosure an AML Breach

Former New York Governor and Attorney General Elliot Spitzer may have been on the wrong side of the law when a Suspicious Activity Report (SAR) filed against him was discovered after his bank flagged payments made to a sex worker he had hired. At the time, Suspicious Activity Reports were coming under added scrutiny in the wake of the 2001 terrorist attacks on the World Trade Center, the London Underground and elsewhere.

Disclosure of a SAR is a Federal crime. Any role Spitzer may have had in disclosing the SAR filing has not been publicly revealed.

Selected Works

Fiction
The story of two minor league baseball players, pitcher Carl Hubbs and catcher Joe Sperma, and their low-rent struggle with religious fundamentalism in hurricane-ravaged South Florida in the 1970s.
Nonfiction
When HIV/AIDS surfaced in South Africa during the 1990s, public health officials were slow to react.
The Securities and Exchange Commission’s Consolidated Supervised Entities Program regulated investment bank holding companies such as Bear Stearns and Lehman Brothers. Critics say it contributed to the 2008 financial crisis.
In the wake of Bernard Madoff’s Ponzi scheme, the Financial Information eXchange Protocol could have led examiners to the fraud.
By the mid-1990s, public health officials in the United States had become concerned that women of child-bearing years were at risk of contracting HIV, the virus that causes AIDS. Yet family planning agencies were slow to recognize or react the needs of vulnerable clients. Name reporting of people being tested for HIV was thought to drive those who should have been tested underground.

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