The US treasury department’s Financial Crimes Enforcement Network (FinCEN) is mulling different measures to combat trade-based financial crime as it considers what are expected to be sweeping new US priorities in anti-money laundering and counter financing of terrorism (AML/CFT) compliance (Trade-based Financial Crime, 5 July 2021, Banks should start preparing for new AML/CFT Priorities in BSA says FinCEN).

FinCEN is particularly concerned about trade-based criminality in drug trafficking organisations (DTOs) and proliferation financing.

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