FinCEN advisory on Elder Financial Exploitation

by | Jun 15, 2022

FinCEN warns FIs about rising trend of elder financial exploitation (EFE), which involves the illegal or improper use of an older adult’s funds, property, or assets and urges financial institutions to detect, prevent, and report suspicious financial...

FinCEN advisory on kleptocracy & foreign public corruption

by | Apr 14, 2022

FinCEN urges financial institutions to focus efforts on detecting the proceeds of foreign public corruption, a priority for the U.S. Govt. Kleptocratic regimes and corrupt public officials may engage in bribery, embezzlement, extortion, or the misappropriation of...

FinCEN updates Ransomware Advisory

by | 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...