News & Analysis as of

Financial Crimes SAR

Lowenstein Sandler LLP

First Terrorism Indictments Announced Over Drug Cartel Support

Lowenstein Sandler LLP on

Last Friday, the U.S. Department of Justice (DOJ) unsealed its first indictment against a foreign national for providing material support to a Mexican drug cartel that the current administration recently designated a foreign...more

Walkers

Update to the Cayman Islands Proceeds of Crime Act – Changes to the suspicious activity reporting provisions

Walkers on

Amendments to the Cayman Islands Proceeds of Crime Act came into effect on 2 January 2025 and include revisions to the suspicious activity report (SAR) process to the Financial Reporting Authority (FRA). In addition to a...more

A&O Shearman

Customer information sharing in the Economic Crime Bill key points for firms

A&O Shearman on

Quicker and easier sharing of customer information relating to economic crime concerns between firms in the UK financial sector is being encouraged by provisions in the Economic Crime and Corporate Transparency Bill which is...more

Orrick, Herrington & Sutcliffe LLP

FinCEN warns financial institutions of surge in mail theft-related check fraud

On February 27, FinCEN issued an alert to financial institutions on the nationwide surge in check fraud schemes targeting the U.S. mail. Mail theft-related check fraud, FinCEN explained, generally relates to the fraudulent...more

Orrick, Herrington & Sutcliffe LLP

FinCEN offers suspicious activity reporting guidance for human smuggling along U.S.- Mexico border

On January 13, the Financial Crimes Enforcement Network (FinCEN) issued an alert advising financial institutions on how to detect and report suspicious financial activity that may be related to human smuggling along the...more

Orrick, Herrington & Sutcliffe LLP

FinCEN data reveals Russian oligarchs’ financial activity

On December 22, the Financial Crimes Enforcement Network (FinCEN) issued a Financial Trend Analysis on the financial activity of Russian oligarchs. ...more

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