Regulatory Alerts2024-10-23 | FIN-2024-Alert003Added
FinCEN Alert to Financial Institutions to Counter Financing of Hizballah and its Terrorist Activities (FIN-2024-Alert003)
FinCEN requests that financial institutions reference alert FIN-2024-Alert003 by including the key term IRANTF-2024-A001 in Suspicious Activity Report (SAR) field 2 and field 33(a), and include the term Hizballah in SAR field 33(z) if a link to the organization is known or suspected. The alert supplements information on Hizballah’s financing and urges institutions to remain vigilant in identifying suspicious activity related to the group's terrorist activities. It provides red flag indicators to help detect potential suspicious activity associated with Hizballah’s global revenue generation and money laundering schemes.