Regulatory Alerts2025-09-08 | FIN-2025-NTC2Added
FinCEN Notice on Financially Motivated Sextortion (FIN-2025-NTC2)
The Financial Crimes Enforcement Network requests that financial institutions reference Notice FIN-2025-NTC2 in Suspicious Activity Reports by selecting SAR Field 38(z) with the term "SEXTORTION" and including the key term "FIN-2025-SEXTORTION" in the filing note and narrative. The notice provides red flag indicators and typology details to assist institutions in identifying suspicious activity related to financially motivated sextortion, including payments routed through peer-to-peer platforms, money mules, and convertible virtual currency. It highlights that perpetrators often target minors and adults in English-speaking countries from jurisdictions such as Cote d'Ivoire, Nigeria, and the Philippines, using extortion schemes that may involve AI-generated deepfakes.