Remove Multifactor Authentication Remove Suspicious Activity Report (SAR) Remove Volume
article thumbnail

FinCEN Files Show Banks’ ‘Whack-a-Mole’ Battle Against KYC/AML

PYMNTS

Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) show that several of the largest global banks moved money on behalf of scores of individuals and enterprises involved in criminal financial activity. Risk factors include monitoring the volume/nature of the transactions and government responsibilities.

Fincen 139