Last week FinCEN issued a notice to raise awareness of an upward trend in environmental crimes and associated illicit financial activity. The notice includes SAR filing instructions and highlights the likelihood of illicit financial activity related to several types of environmental crimes such as wildlife trafficking, illegal logging, illegal fishing, illegal mining, waste, and hazardous substances trafficking.

You can access the notice here.

CCI recommends you share this information with your BSA/AML department.

Sincerely,

Sarah Smith, CRCM, CAFP