What are “finCEN advisories”?

FinCEN advisories are guidance documents issued by the Financial Crimes Enforcement Network (FinCEN), providing information to financial institutions and other stakeholders regarding emerging threats, suspicious activity, regulatory changes, or other issues relevant to the prevention of money laundering and terrorist financing. They serve to alert financial institutions about patterns of suspicious activity or new trends observed in the financial system, thereby facilitating compliance with the Bank Secrecy Act (BSA) and helping institutions identify and report potentially illicit activities.

Unlike the other mentioned options, which pertain to different aspects of financial operations or internal training, advisories specifically aim to enhance awareness and understanding of compliance issues in the context of financial crime. This unique focus on raising awareness and conveying important alerts establishes FinCEN advisories as critical tools for institutions working to meet regulatory obligations.