FinCEN supplemental alert on Israeli extremist violence in West Bank

Yesterday, FinCEN released a supplemental alert (FIN-2024-Alert002), highlighting five additional red flags regarding the financing of Israeli extremist settler violence against Palestinians in the West Bank.

FinCEN issued an alert (FIN-2024-Alert001) on February 1, 2024, to financial institutions related to the financing of Israeli extremist settler violence against Palestinians in the West Bank. This supplemental alert provides additional red flags to assist U.S. financial institutions in identifying and reporting suspicious activity related to the financing of this violence. Additionally, this alert requests that financial institutions continue to use the existing SAR code (FIN-2024-WBEXTREMISM) when submitting SARs specific to the financing of Israeli extremist settler violence in the West Bank and reminds financial institutions of their Bank Secrecy Act (BSA) reporting obligations.