by AdrianaAMLP | Dec 20, 2021
FinCEN report aims to further inform efforts to combat wildlife trafficking and the associated movement of illicit proceeds, which are estimated to be between $7 and $23 billion per year and account…
by AdrianaAMLP | Nov 18, 2021
FinCen has asked banks to file a report when they come across a transaction that might be linked to such activity. Under U.S. AML laws, financial institutions are required to screen customers and money transfers for suspicious activity, and notify FinCEN of...
by AdrianaAMLP | Nov 9, 2021
FinCEN exchange brings together public and private stakeholders to discuss Bank Secrecy Act (BSA) filing statistics for low-dollar, voluntarily-filed suspicious activity reports (SARs) that contain a transaction nexus to Arizona, New Mexico, Texas, Oklahoma, and...
by AdrianaAMLP | Nov 8, 2021
FinCEN updates advisory on Ransomware and the use of the financial system to facilitate ransom payments. The advisories addressed red flags, reporting requirements, and potential sanctions risks involved in making payments in response to ransomware...
by AdrianaAMLP | Oct 15, 2021
FinCEN identified several ML typologies common among ransomware variants in 2021 including threat actors increasingly requesting payments in Anonymity-enhanced Cryptocurrencies (AECs) and avoiding reusing wallet addresses, “chain hopping” and cashing...
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