The Financial Crimes Enforcement Network (“FinCEN”) has released a Financial Trend Analysis (“FTA”) report on the “Trends and Patterns in Suspicious Activity Potentially Tied to Evasion of Russia-Related Export Controls”.

The FTA details the patterns and trends contained in Bank Secrecy Act (“BSA”) reporting on the suspected evasion of controls.

Information is provided on the following trends:

  • ➡️ Suspicious Transactions Indicate Key U.S.-Origin Goods Supplied Directly and Via Transshipment Points to Russian End-Users;
  • ➡️ Companies in China, Hong Kong, and Other Jurisdictions Likely Supplying Sensitive Goods to Russia; and
  • ➡️ Electronics Equipment Featured in Export Control Evasion-Related BSA Reports, and Other Industries Emerging

Firms with operations in the U.S can view the FinCEN report to gain insights into the suspected evasion of Russia-related export controls and how to report suspicious Russia-related activity.

https://www.fincen.gov/news/news-releases/fincen-analysis-reveals-trends-and-patterns-suspicious-activity-potentially-tied

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