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From the FinCEN Kleptocracy/Public Corruption Advisory: Red Flags

FinCEN has identified the following financial red flag indicators to assist financial institutions in detecting, preventing, and reporting suspicious transactions associated with kleptocracy and foreign public corruption. Because no single financial red flag indicator is determinative of illicit or suspicious activity, financial institutions should consider the relevant facts and circumstances […]

FinCEN Advisory on Kleptocracy & Public Corruption

FinCEN Issues Advisory on Kleptocracy and Foreign Public Corruption Immediate Release April 14, 2022 WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today issued an advisory on kleptocracy and foreign public corruption, urging financial institutions to focus their efforts on detecting the proceeds of foreign public corruption—a priority for the U.S. Government as […]