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  •   Funnel Accounts

  Blog

U.S. Court Case: 60 Funnel Accounts Used by Heroin Trafficking Organization

September 27, 2017 by Denise Hutchings

“Narcotics traffickers will attempt to create elaborate financial networks in an effort to launder illegal drug proceeds.” (James Dorsey, Acting Special Agent in Charge IRS Criminal Investigation, June 2017) Heroin...

  Archived Webinar

2017 Crime Trends & Technology

Originally Presented: July 12, 2017

  Verafin industry experts: Brendan Brothers, Anti-Financial Crimes Specialist; and Mauriceo Castanheiro, Director of Fraud Analytics; discuss the challenges financial institutions faced to date in 2017, the trends to watch...

  Feature Sheet

BSA/AML Compliance & Management

Financial institutions are facing rising compliance costs, increased regulatory scrutiny, and money laundering risks from sophisticated criminal organizations engaging in illicit activities such as human trafficking, drug trafficking and terrorist...

  Infographic

12 Red Flags for Funnel Accounts Used to Launder Money

Illegal accounts that funnel “dirty” money made from crimes, such as human trafficking, human smuggling, and drug trafficking, are on the rise. These accounts are called funnel accounts (also known...

  Blog

Thousands of Human Trafficking Arrests in the U.S. Plus Recent Money Flow to Human Smuggling Hubs

April 5, 2016 by Denise Hutchings

“Human trafficking is not a problem that law enforcement can tackle alone. It requires the close collaboration with many concerned groups looking at this crime through different lenses.” (Manhattan District...

  Blog

12 Red Flags for “Funnel Accounts” Used to Launder Money

February 25, 2015 by Denise Hutchings

Regulatory and law enforcement agencies are cautioning financial institutions about an increased use of illegal funnel accounts to launder proceeds from human smuggling, human trafficking and drug trafficking crimes. In...

  White Paper

Financial Institutions Face High Expectations to Detect and Report Invisible Victims of Human Trafficking and Smuggling

In this white paper, Chris Swecker discusses two particularly detestable criminal industries, Human Trafficking and Human Smuggling, that produce significant illicit proceeds that inevitably move through the financial system. These...

  Archived Webinar

ACAMS Webinar: Financial Institutions Can Shed Light on “Invisible” Victims of Human Trafficking and Smuggling

Originally Presented: November 24, 2014

Human trafficking and smuggling are immensely profitable crimes that generate mountains of illicit proceeds. Unlike the victims of most crimes, however, neither the underage victims of human trafficking nor the...