FinCEN issues virtual-currency kiosk scam and illicit-finance notice

What changed

FinCEN urged financial institutions to identify and report suspicious CVC-kiosk activity and supplied typologies and red flags for scams, cybercrime, and drug-trafficking activity.

Who it affects

• Money services businesses, banks, broker-dealers, digital-asset firms, investment advisers, and clients

What is still open

• Institution-specific exposure and how filing patterns will evolve

What it means for an advisor

• Add kiosk-related red flags to fraud escalation, transaction monitoring, vulnerable-client protection, and SAR decision procedures.