You are subscribed to FinCEN Updates. The information below is available at www.fincen.gov.
FinCEN Issues Update on U.S. Currency Restrictions in Mexico Regarding Funnel Accounts and TBML
The Financial Crimes Enforcement Network (FinCEN) today issued an advisory to financial institutions regarding the increased use of funnel accounts as part of trade-based money laundering (TBML) conducted by criminal actors following the restrictions on U.S. currency transactions in Mexico. The advisory provides “red flags” that may assist financial institutions in identifying and reporting suspicious funnel account activity. The advisory is available at http://www.fincen.gov/statutes_regs/guidance/pdf/FIN-2014-A005.pdf.
| This email was sent to sekaha77@gmail.com using GovDelivery, on behalf of: FinCEN Updates · PO Box 39 · Vienna, VA 22183 · 703-905-3591 |  |