AML / CFT National Priorities: Fraud and Corruption
You have likely heard about the allegations of fraud involving certain organizations and daycare centers in Minnesota that have prompted federal investigations. For those financial institutions located in or doing business in Minnesota this obviously has some potential BSA/AML/CFT implications and you will likely want to take a look at whether your institution has any potential exposure. For financial institutions not located or doing business in Minnesota, it’s still something you want to maintain an awareness of because it has also been alleged that this type of fraud is also happening in other states.
Fraud and corruption are just two of the eight key National AML/CFT Priorities identified by the U.S. Department of Treasury that pose a threat to the U.S. financial system and national security.
Kevin explains more in the video.
Published 2026/02/25
Kevin Edwards
Kevin brings years of experience and a unique perspective on regulatory matters to our clients. A self-proclaimed geek and accredited CRCM, Kevin is also a recovering attorney with experience as in-house counsel for a large regional bank and one of the leading national title insurance providers. For reasons unknown, Kevin decided to leave the safety and serenity of his desk job to seek fortune and glory as a wandering adventurer. Like a bank compliance version of Kwai Chang Caine, The Man with No Name or Don Quixote, he now travels the land seeking to help those in need and righting compliance wrongs, wherever he may find them. Kevin lives in Sioux Falls with his two children, who are surprisingly normal after having endured their father’s vivid imagination for their entire lives. He won’t admit to having any hobbies, because apparently “Regulations never sleep.” (While he does say this in his Batman voice, we’re pretty sure he’s joking.) From the looks of his Facebook page, he likes the outdoors and spending time with his large extended family (who seem like relatively normal people).