On November 9, 2026, FinCEN hosted a FinCEN Exchange focused on combating illicit financial activity associated with transnational scam centers. The Exchange brought together financial institutions, digital asset partners, law enforcement, and government agencies to share information on scam center finances and strengthen collaboration to identify and disrupt the illicit networks supporting them.

As reiterated in FinCEN’s press release, transnational scam centers pose a significant threat to the U.S. financial system and consumers by facilitating large-scale fraud schemes targeting victims in the United States and worldwide. These operations may also involve human trafficking, forced labor, and complex money laundering networks used to conceal and move illicit proceeds. Financial institutions should remain vigilant and review FinCEN’s recent publications on these threats, including the FinCEN Alert on Money Laundering Activity Associated with Digital Asset Investment Scam Centers and the accompanying Financial Trend Analysis on Digital Asset Investment Scams.

Read FinCEN’s press release here.

Adam Witmer

Adam Witmer is a speaker, author, and founder of the Compliance Cohort. Adam has taught hundreds of seminars and training sessions to thousands of bankers throughout the United States and teaches on all areas of regulatory compliance. Adam has written five e-books that he never published, hit a grizzly bear while driving in a National Park, and is an award winning photographer and musician (though he no longer takes photos nor plays any instruments). In his spare time, Adam can be found kayaking on the lake, doing taekwondo with his kids, working on his (project) house, or spending time with his family.

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