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FinCEN Advisory on Cyber-Event Suspicious Activity Report Obligations

17 November 2016

International Trade Alert

Last month, the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury released an advisory to financial institutions on cyber-events and cyber-enabled crime.

With this advisory, financial institutions need to file a Suspicious Activity Report for cyber-related events that meet certain criteria. FinCEN expects that the financial institutions will help combat the ever-increasing tide of cyber-attacks, and should review and assess their compliance procedures taking account of these issues.

Click here to learn more about the released advisory and how it affects financial institutions.


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