ABSTRACT

Advisory to Financial Institutions on Illicit Financial Schemes and Methods Related to the Trafficking of Fentanyl and Other Synthetic Opioids   [open pdf - 787KB]

From the Introduction: "The United States is in the midst of an unparalleled epidemic of addiction and death, fueled by the illicit trafficking, sale, distribution, and misuse of fentanyl and other synthetic opioids. [...] The epidemic is tearing away at the social and economic fabric of our communities, while TCOs [transnational criminal organizations], international drug traffickers, money launderers, and other criminal actors profit off the misery of victims. Criminal networks and others generate billions of dollars in illicit drug proceeds, and use the U.S. financial system and economy to advance their criminal enterprises and continue this epidemic to generate more criminal profits, resulting in more deaths and addictions. FinCEN [Financial Crimes Enforcement Network] and other U.S. government agencies are collaboratively working with foreign partners, including Mexico, to end the fentanyl epidemic. This advisory will assist financial institutions in detecting and reporting suspicious activity, making it harder and more costly for criminals to (i) commit these crimes; (ii) hide and use their illicit money; and (iii) continue fueling this epidemic."

Publisher:
Date:
2019-08-21
Series:
Copyright:
Public Domain
Retrieved From:
White House: https://www.whitehouse.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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