The US treasury’s Financial Crimes Enforcement Network (FinCEN) has awarded the Internal Revenue Service-Criminal Investigation Division (IRS-CID)for its investigation into a transnational money laundering organisation operating in the US and Mexico through a complex trade-based money laundering (TBML) scheme.

The division was one of seven award recipients of the 2020 FinCEN Director’s Law Enforcement Awards Programme, which recognises law enforcement agencies that used Bank Secrecy Act (BSA) reporting to successfully pursue and prosecute criminal investigations.

You need to be logged in to view this article.

If you are an existing subscriber please enter your credentials to log in.

To become a member of The Association of Trade Finance Compliance Professionals (ATFCP) click here!