Janet L. Yellen, the Secretary of the Treasury, announced today that the Financial Crimes Enforcement Network (FinCEN) has issued guidance to inform U.S. financial institutions about emerging trends in the illegal fentanyl supply chain. The advisory emphasizes the importance of vigilance in detecting and reporting suspicious activities linked to Mexico-based transnational criminal organizations. These groups are involved in the unlawful acquisition of fentanyl precursor chemicals and manufacturing equipment from suppliers based in the People’s Republic of China.
This updated advisory expands on FinCEN’s 2019 guidance by introducing new patterns and indicators to help identify and report potentially suspicious transactions. It also meets the requirements outlined in Section 3202 of the recently passed FEND Off Fentanyl Act.
Financial institutions seeking clarification on the details of today’s advisory are encouraged to reach out to the FinCEN Regulatory Support Section at frc@fincen.gov.
Read the full advisory below
By FCCT Editorial Team
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}