Updated SAR Form and Ponzi Schemes

This month the new SAR formĀ is to be rolled out by FinCEN. A mere 10 years after the collapse of the largest Ponzi scheme in history, financial institutions will now be able to report suspected Ponzi schemes with a dedicated Fraud typology checkbox. So what Red Flags should AML staff at financial institutions be on … Continue reading Updated SAR Form and Ponzi Schemes