Expanding regulations to combat money laundering in at-risk industries

AUSTRAC’s post highlights the very real human cost of financial crime — something I spoke about last week in relation to #modernslavery and #scams centres. These aren’t abstract compliance issues; they’re lived realities of exploitation, suffering, and stolen futures. We need to keep shining a BRIGHT light on the cause, not just the effect. #FinancialCrime #HumanCost #AMLCompliance #Tranche2 #ModernSlavery #FraudPrevention

Money laundering isn’t victimless. It fuels crimes that harm real people. New reforms will bring more industries under regulation, helping close gaps in our system faster. Learn what this means for your business and community: https://lnkd.in/dKEg7Bsc

The Financial Crimes Enforcement Network (FINCEN) requires reporting on cash transactions. To make sure your transaction isn't slowed down by new requirements, you should get your records ready for escrow collection early.

💡 Financial crime is not just a financial loss — it’s a systemic threat. Fraud, money laundering, and other financial crimes silently erode the foundations of trust, weaken institutions, and destabilize economies. Every transaction is more than numbers; it carries the weight of credibility and transparency. That’s why combating financial crime is not just about compliance — it’s about safeguarding the integrity of the financial system and protecting the trust that keeps it alive. #financialcrime #financialthreat

Federal criminal money laundering charges under the Bank Secrecy Act (31 USC 5322) are on the rise – and the consequences are anything but routine. It requires financial institutions to report large cash transactions and keep records designed to uncover money laundering. Willful violations – like intentionally hiding or structuring payments – can lead to serious federal charges, including up to 5 years in prison and $250,000 in fines per violation for first-time offenders. #CriminalDefense #FederalLaw #MoneyLaundering #BankSecrecyAct #WhiteCollarCrime https://smpl.is/acam4

I appreciate the opportunity to comment in the Financial Crimes Digest article on financially motivated sextortion: "The perpetrators are doing this to make money. Therefore, financial institutions and AML professionals have a role to detect, prevent and report financial sextortion." Learn about what FI's can do to help counter financial sextortion here: https://lnkd.in/esYQampU Check out the full article by Bianca-Ioana Hanganu as she provides an excellent overview of how the crime works, the scale of the crime in various countries, FinCEN's prioritization, and red flags/SARs. https://lnkd.in/e449rK3W

Originally set to take effect on Dec 1, the Financial Crimes Enforcement Network (FinCEN) has officially postponed the implementation of its residential real estate reporting rule under the Corporate Transparency Act. The new effective date is now March 1, 2026. #Closinglock #TitleFraud #WireFraudRealEstate #RealEstateFraud #TitleInsuranceFraud #PropertyFraud #ClosingFraud #EscrowFraud #CyberFraudRealEstate #RealEstateSecurity #TitleIndustry #TitleInsurance

The AML Shop's Marcelle Dadoun CAMS, CAMS-Risk Management, CBP will be speaking next week at a virtual event on recent changes and existing AML considerations for all things MSBs. See below for more details ⬇️

The Financial Crimes Enforcement Network FinCEN is a bureau of the U.S. Department of the Treasury that fights money laundering and financial crimes.

When funds may be proceeds of crime, financial institutions must balance client duties with obligations under the Criminal Code and Canada’s anti-money laundering regime. Paying funds into court may help manage risk, comply with reporting requirements and ensure ownership is resolved transparently. Read our latest Insight to learn more. #BLGPublication #FinancialServices https://blg.smh.re/Dbk