Human Smuggling and Human Trafficking: Updated FinCEN Guidance – ON-DEMAND WEBINARS


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SKU: SWHTS Category:

Recorded: March 2, 2022

Presented by: Mr. Mark Dever, AAP, CAMS, VP and Senior Consultant, FORVIS

FinCEN has issued two Advisories to help save lives, and to protect the most vulnerable in our society from predators and cowards who prey upon the innocent and defenseless for money and greed. (“Unfortunately, in addition to the horrific toll on victims and their families, their very lives, dignity and livelihood, human trafficking is now one of the most profitable and violent forms of international crime, generating an estimated $150 Billion worldwide per year”). Financial institutions large and small play a critical role in identifying and reporting transactions related to these unlawful activities based on observations when interacting with customers and their monitoring processes. The Advisories provide new information to assist in identifying and reporting human trafficking to aid in the global effort to combat this crime. This two-hour webinar will update members of the compliance and sales communities on the challenges when looking for and more importantly, reporting both Human Smuggling and Human Trafficking. This webinar will review both documents and highlight the typologies and “red-flags” that could indicate the presence of human smuggling and/or human trafficking.

Here’s What You’ll Learn:

  • Discuss the differences and similarities between human trafficking and human smuggling;
  • Understanding “how” human trafficking and human smuggling work;
  • Identify the four newest typologies and the twenty newest financial and behavioral indicators that could indicate human trafficking;
  • Review the “red-flags” for both human trafficking and human smuggling;
  • Discuss the proper filing of the SAR to report both trafficking and smuggling; and
  • Allow questions from participants.

Recent well-publicized BSA enforcement actions, fines, and deferred prosecution agreements continue to support a climate proving BSA compliance remains of paramount importance to all financial institutions. This two-hour webinar from FORVIS will provide the compliance and sales staffs with a current “snapshot” of the challenges and requirements presented when detecting and reporting both human smuggling and human trafficking.

Who Should Listen

This webinar will be of most value to members of the compliance, retail, and commercial communities, and it will also assist them in meeting their annual BSA training requirements. This webinar will also be helpful to senior audit managers.

Program Level: Basic to Intermediate

Prerequisite/Advanced Preparation: Basic Knowledge of BSA/AML Regulations

Field of Study: Specialized Knowledge

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Any recording, transmission, retransmission, or republishing of any portion of this webinar is prohibited.

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