By ALISHA HOULIHAN for AML Intelligence FinCEN and the US Department of Commerce’s Bureau of Industry and Security (BIS) have issued a joint notice highlighting a new SAR key term (“FIN-2023-GLOBALEXPORT”) for financial institutions (FSIs). FSIs must henceforth reference the key term when reporting suspected efforts by persons or companies trying to evade U.S. export…
Financial Crime, Financial Services, Regulatory, Sanctions, US
NEWS: New US SAR key term issued by FinCEN over Russia exports; places ‘massive undertaking on even biggest banks,’ says our columnist

FinCEN Director Andrea Gacki