AML
An AML Regulatory View on Human Trafficking & CSAM
An AML Regulatory View on Human Trafficking & CSAM Experts say that financial institutions are struggling to spot the tell-tale signs of human trafficking due to resource constraints and the…
Read MoreCrypto is Famously Private – Is it Being Used by Traffickers?
“in the case of sex trafficking, these kiosks are typically used to buy ads that are posted on adult service websites. This method is also used by escorts. One sign of trafficking includes multiple women using the same bitcoin wallet or one account being used to purchase multiple ads.”
Read MoreFinCEN Issues First National Priorities for Countering Money Laundering and Terror Financing
Pursuant to the Anti-Money Laundering Act of 2020 (AML Act), the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN)—in consultation with other relevant Treasury Department offices, the U.S. Attorney General, federal functional regulators, relevant state financial regulators, and relevant national security agencies—published the first national priorities for Anti-Money Laundering and Countering the Financing of Terrorism National Priorities on June 30, 2021.
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