FinCEN CyberCrime Advisory

On 7/30/2020, the Financial Crimes Enforcement Network (FinCEN) issued an advisory to alert financial institutions to potential indicators of cybercrime and cyber-enabled crime observed during the COVID-19 pandemic. This advisory provides a number of red flags for financial institutions to look for and includes SAR filing instructions of including the key term “COVID19-CYBER FIN-2020-A005”. Institutions filing SARs should also select SAR field 42 (Cyber Event) for each applicable filing.

The full FinCEN Advisory (FIN-2020-A005) can be found here.

FATF Webinars on Money Laundering

VIDEO: Disparate Impact

VIDEO: Disparate Impact