BSA Highlights and Insights

The Financial Crimes Enforcement Network (FinCEN) has been busy over the past several weeks and has recently issued two alerts. The first alert addresses a new scam called "pig butchering." Yes, you've read that correctly, and just when you think you've heard it all. Apparently, this new pig-butchering scam has become a serious problem. On September 8, FinCEN issued Fin-2023-Alert005, providing guidance to banks on how to address the problem and create awareness. Continue reading >