AML Fraud Red Flags Video

Summary

This video highlights key guidance by the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of Treasury, to help 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 evidenced in various areas, thus the guidance issued by FinCEN, while not all-encompassing, provides examples of the many ways that bad actors use the financial system to deceive financial institutions, the government, and everyday consumers.