Insights: Week of September 11, 2023


FinCEN last week issued a financial trend analysis (FTA) highlighting patterns and trends found in Bank Secrecy Act (BSA) reporting on suspected evasion of Russia export controls.

Staying compliant in an increasingly complex regulatory world is becoming more challenging. Identifying risky goods, geographies, and examining customers, leadership, and business partners of potential clients and counterparties are just a few of the strategies firms and financial institutions can employ to ensure they are compliant with US sanctions and export restrictions.

This week’s Insights are chock full of new sanctions, regulatory changes, possible future designations of which compliance officers need to be aware, as well as fraud, abuse, and crypto developments!

Click below for our take on this week’s news.

FiveBy News and Insights

Leave a Reply

Your email address will not be published. Required fields are marked *