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ABA: The American Bankers Association
Compliance News

FinCEN Issues Human Trafficking Advisory

FinCEN issued an advisory on new financial and behavioral red flags to help banks identify and report human trafficking. The pandemic has aggravated the conditions that lead to human trafficking and can occur in a wide variety of industries, including massage parlors, restaurants and bars, FinCEN said. Bankers are encouraged to report possible human trafficking by filing a SAR, using the term "Human Trafficking FIN-2020-A008" and checking SAR Field 38(h) on the form.