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.
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• 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.
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