By filing SARs, banking organizations put critical information into the hands of the proper law enforcement authorities in a timely and effective manner. Since the SAR system was started in 1996, banking organizations have filed more than 1.7 million SARs. That is an enormous amount of cooperation and information sharing.
1  2  For example, see: Lowe P (2014) “Australia’s RMB Policies and Future Direction”, Introductory Remarks at the RMB Internationalisation Roundtable, Sydney, 23 July; and Lowe P (2014) “Some Implications of the Internationalisation of the Renminbi”, Opening Remarks to the Centre for International Finance and Regulation Conference on the Internationalisation of the Renminbi, Sydney, 26 March. BIS central bankers’ speeches