MORT-WIRE-001Critical Risk
wire activity
Red Flag
Borrower’s closing funds are wired from an account in the name of a third party with no familial or documented gift letter relationship to the borrower.
Industry
Mortgage Companies
Transaction Type
wire
Customer Type
individual
Category
Regulatory Source
Document:FIN-2012-A002 Mortgage Fraud
Type:FinCEN Advisory
CFR Citation:31 CFR §1029.210
SAR Category:Wire transfer
FinCEN Key Term:Third-Party Funds
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.