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AML Fraud Red Flags Video

November 07, 2023 (3 min read)

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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