Taking a Proactive Approach to Monitoring and Investigating Emerging Threats in Money Laundering

Author: Zachary C. Miller, CAMS-FCI

The purpose of this white paper is to provide financial crimes investigators in financial institutions insight into some emerging trends and help them understand the importance of being proactive in monitoring and investigating new types of potentially suspicious activities even before any or minimal official regulatory rules or guidance is available. This paper will focus specifically on virtual currency and interstate funnel accounts as two areas of current concern provoking discussion. The goal is for investigators to understand how to gain new insights into emerging threats and the activities related to those threats as trends in the world of financial crimes change and develop monitoring thresholds, focusing on red flags. Making these adjustments will also create preparedness when regulations eventually lay out the requirements for monitoring these areas.

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