CRYPTO-CF-002Critical Risk
cyber/fraud
Red Flag
Business customer receives virtual currency from a ransomware payment wallet and immediately converts it to fiat, with no prior history of providing cybersecurity or incident response services.
Industry
Cryptocurrency Exchanges
Transaction Type
crypto
Customer Type
business entity
Category
Regulatory Source
Document:FIN-2021-A001 Ransomware
Type:FinCEN Advisory
CFR Citation:31 CFR §1022.210
SAR Category:Cyber event
FinCEN Key Term:Ransomware Payment
Last Verified:2026-04-15
This red flag is provided for informational and educational purposes only. It is not legal, regulatory, or compliance advice. Always consult the official source document and a qualified compliance professional for guidance specific to your situation.