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Alert! Fend Off Fentanyl Act: First Three Special Measures

Tick tock, are you ready for the September 4 changes?

OnDemand
Recorded Monday,
August 25th, 2025
Presented by Leslie Nicely
1h 30m total length
$299.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • BSA
  • Compliance
  • Deposit
  • Fraud
  • Bank Secrecy Act Officer/BSA Specialist
  • Board Member
  • Branch Manager
  • Compliance Officer
  • Customer Service Representative
  • Deposit Operations Manager/Specialist
  • New Accounts Representative
  • Private Banker
  • Risk Manager
  • Senior Management
  • Training Manager
  • Trainer

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On June 25, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued orders identifying three Mexico-based financial institutions – CIBanco S.A., Institution de Banca Multiple (CIBanco), Intercam Banco S.A., Institución de Banca Multiple (Intercam), and Vector Casa de Bolsa, S.A. de C.V. (Vector) – as being of primary money laundering concern in connection with illicit opioid trafficking.

This prohibits, respectively, certain transmittals of funds involving CIBanco, Intercam, and Vector. These orders are the first actions by FinCEN pursuant to the Fentanyl Sanctions Act and the FEND Off Fentanyl Act, which provide the Treasury with additional authorities to target money laundering associated with the trafficking of fentanyl and other synthetic opioids, including by cartels.

What You'll Learn

  • What is the Fend Off Fentanyl Act?
  • What is unique and special about this for our BSA/AML programs?
  • What are the three special orders?
  • What do financial institutions need to know or do?
  • What types of transactions are sanctioned?
  • What to add to your policy and procedures?

Who Should Attend

This session is ideal for BSA/AML officers, OFAC officers, deposit operations, wire and funds transfer, compliance, and management.

Leslie Nicely

Instructor Bio

Leslie Nicely, Senior Vice President for Gettechnical Inc. brings with her a wealth of practical banking experience. Her 30+ years include various positions with a local community bank including teller, teller supervisor, new accounts, lending, Branch Administration Officer, BSA/AML Officer and Security Officer and more. She graduated from the Virginia Bankers Association School of Bank Management. Her experience includes management, operations, lending compliance, fraud management, training, security and customer service. Her down-to-earth approach to training and her technical expertise makes her a real asset to our industry.

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