Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Banks Receive Guidance on Human Trafficking Red Flags

Joe Mont | September 16, 2014

Newly released guidance from the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) warns financial institutions about the warning signs and suspicious activities that may indicate human smuggling and trafficking and how to report those discoveries.

“Financial institutions, large and small, can play a critical role in identifying and reporting transactions related to these unlawful activities based on their observations when interacting with customers and their monitoring processes,” FinCEN says.

Among the suspicious customer activities detailed in the guidance as warning signs of human smuggling or trafficking:

    ...
    Buy this article for $49, or subscribe to Compliance Week for a month at $149 and get unlimited article access for 30 days.