Do Human Trafficking and Smuggling Leave a Trail of Financial Bread Crumbs?
Although many legitimate businesses might participate in such activities, a new FinCEN advisory lists potential "red flags" for credit unions to detect human trafficking or smuggling, such as the frequent exchange of small-denomination for larger-denomination bills by a customer who is not in a cash-intensive industry and multiple wire transfers (generally below $3,000 reporting threshold) sent from many different locations in the US to a common beneficiary in a city on the Mexican–United States border, among others. See also. [9/15/14]
