Zero Risk Appetite: Decoding Online Child Sexual Exploitation (OCSE) Exposure

Why should banks care?  In September 2021, FinCEN alerted financial institutions of a surge (over +17% increase year-over-year) in suspicious activity reporting connected to online child sexual exploitation. Moreover, the pandemic has made the situation more acute as criminals adapt their techniques to profit from vulnerable children. We review the typologies, the red flags, and the financial transactions that may need further discussion.