Human Smuggling and Human Trafficking: Updated FinCEN Guidance

Recorded: April 15, 2025
Presented by: Mr. Mark Dever, AAP, CAMS, Director, Forvis Mazars, LLP

FinCEN has published two Advisories to help save lives, and to protect the most vulnerable in our society from predators and cowards who prey upon the innocent and defenseless for money and greed. (“Unfortunately, in addition to the horrific toll on victims and their families, their very lives, dignity and livelihood, human trafficking is now one of the most profitable and violent forms of international crime, generating an estimated $150 billion worldwide per year”). Financial institutions large and small play a critical role in identifying and reporting transactions related to these unlawful activities based on observations when interacting with clients and their monitoring processes. FinCEN and other federal agencies continue to provide new information to assist in identifying and reporting both human trafficking and human smuggling to aid in the global effort to combat these crimes. This two-hour webinar will update members of the compliance and sales communities on the challenges when looking for and more importantly, reporting both Human Trafficking and Human Smuggling. This webinar will review both the typologies and “red-flags” that could indicate the presence of human trafficking and/or human smuggling.

Here’s What You’ll Learn:

• Discuss the differences and similarities between human trafficking and human smuggling;
• Understanding “how” human trafficking and human smuggling work;
• Identify the newest typologies and the newest financial and behavioral indicators that could indicate human trafficking;
• Review the “red-flags” for both human trafficking and human smuggling;
• Discuss the proper filing of the SAR to report both trafficking and smuggling; and
• Allow questions from participants.

Recent well-publicized BSA enforcement actions, fines, and deferred prosecution agreements continue to support a climate proving BSA compliance remains of paramount importance to all financial institutions. This two-hour webinar from ProBank Education Services will provide the compliance and sales staffs with a current “snapshot” of the challenges and requirements presented when detecting and reporting both human trafficking and human smuggling.