ABSTRACT

Financial Crimes Enforcement Network Advisory: Advisory to Financial Institutions on Filing Suspicious Activity Reports regarding Trade-Based Money Laundering, February 18, 2010   [open pdf - 197KB]

"The Financial Crimes Enforcement Network (FinCEN) is issuing this advisory to inform and assist the financial industry in reporting suspected instances of trade-based money laundering. This advisory contains examples of 'red flags' based on activity observed in Suspicious Activity Reports (SARs) that may indicate trade-based money laundering. While SARs are not proof of illegal activity, they can provide law enforcement with valuable indicators that this type of money laundering may be occurring. The examples discussed in this advisory are based on specific law enforcement experience involving U.S. trade with Central and South America, but the types of activity detailed herein are by no means confined to those regions, and financial institutions are advised to take appropriate measures to mitigate the risks of analogous activity occurring globally."

Report Number:
FinCEN Advisory FIN-2010-A001
Publisher:
Date:
2010-02-18
Copyright:
Public Domain
Retrieved From:
Financial Crimes Enforcement Network: http://www.fincen.gov
Format:
pdf
Media Type:
application/pdf
URL:
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