27 Sep 2022
AML Fraud Red Flags Video
The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of Treasury, is committed to helping financial institutions enhance efforts to detect, prevent, and report actual or suspected illicit fraudulent activity. The risk of fraud occurring in the financial system is high and criminals are coming up with schemes to perpetrate fraud daily. This video highlights red-flag guidance issued by FinCEN to aid in identifying anomalies and patterns of fraudulent behavior and prepare the practitioner for advising on and transacting in deals involving compliance with the Anti-Money Laundering Act.
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Practical Guidance Updates
Featuring the latest updates from your Practical Guidance account.
- Trends & Insights provides the latest in news articles and insight documents on trending areas for financial service organizations including NYDFS issues cryptocurrency guidance establishing best practices for preventing suspicious activity and US financial institutions should look for sanctionable cyber asset transfers from Russia, FinCEN says.
- Compliance with OFAC, AML, and USA Patriot Act Resource Kit and Ukraine Invasion Resource Kit are some of the resources available to cover key issues, laws, and regulations applicable to in-house lawyers and counsel advising on Fraud and AML requirements. Resource kits include helpful articles, practice notes, templates, and checklists.
- Listen Up! The Practical Guidance Podcast features interviews with industry-leading attorneys on cutting edge issues in the law. Practical Guidance Podcast Episode 8: Cannabis and Financing presents one of the largest impediments to growth in the cannabis industry. Hear from Tom Firestone, Partner and Co-Chair of Stroock's White Collar group, about legislative developments related to cannabis financing.
- Check out the new Practical Guidance Author Center! Learn about the 1500+ leading attorney authors contributing to our 21 practice areas, and find out how you can Become a Practical Guidance Author.
- Document alerts are now available in Practical Guidance. This allows you to stay current on legal developments that affect your practice. Find out how to set up your document alerts.
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