07 Nov 2023
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 (AMLA).
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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 insights documents on trending areas for financial service organizations including 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 two 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.
- State Law Comparison Tool—Consumer Financial Regulation Laws Topic
Access this state law comparison tool for state-specific guidance and the ability to compare state laws in the areas of consumer lending, credit card lending, and residential mortgage loans. The content also addresses key questions on oversight and supervision, advertising, marketing, usury, fraud, and unfair and deceptive trade practices.
- For related Practical Guidance content on important recent trends, please review these easy-to-use Resource Kits on a variety of emerging topics:
- Read the new edition of the Practical Guidance Journal for insights on Generative AI cautions and benefits, new trends in private lending, environmental law considerations, and market intelligence analysis.
- Check out our Practical Guidance Author Center! Learn about the 1750+ leading attorney authors contributing to our 26 practice areas, and find out how you can Become a Practical Guidance Author. Practical Guidance is committed to amplifying diverse voices of attorneys across all differences, including gender and race.
- Legal Developments provide the latest updates and analyses of emerging topics impacting your practice area. Visit the Legal Developments page to see the latest topics, which also include breaking legal news and related Practical Guidance content.
- Listen Up! The Practical Guidance and Law360 Podcasts Resource Kit features interviews with industry-leading attorneys on cutting edge issues in the law: NFTs, Cannabis, COVID-19, and more.
- Document alerts allow you to stay current on legal developments that affect your practice. Find out how to set up your document alerts.
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