Regulatory Alerts2026-09-03 | FIN-2026-Alert005Added · Updated
FinCEN Alert on Money Laundering Activity Associated with Digital Asset Investment Scam Centers
The Financial Crimes Enforcement Network (FinCEN) urges financial institutions to be vigilant in detecting, identifying, and reporting suspicious activity connected to digital asset investment scam centers and the laundering of associated illicit proceeds by transnational criminal organizations. Financial institutions must reference this Alert in Suspicious Activity Report (SAR) field 2 and the narrative by including the key term “FIN-2026-SCAMCENTERS” and selecting “Fraud-Other” under SAR field 34(z) with the description “Scam Centers”. This alert follows FinCEN's October 14, 2025 final rule that severed Cambodia-based Huione Group from the U.S. financial system, prohibiting covered financial institutions from opening or maintaining correspondent accounts for it, and a June 23, 2026 proposed rule to extend this measure to H-Pay Service PLC and other successor entities.