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.
Unravelling the CSAM and OCSE methods to financial transactions and the flow of videos, live streaming, and digital images
Enhancing detection using new techniques from crypto and Fintech firms
Building the financial intelligence to detect and deter child pornography