WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) announced today that its successful “Innovation Hours Program” marks over a year of providing valuable insight in a series of in-person meetings with industry, which have continued in virtual format since May.
The Financial Crimes Enforcement Network (FinCEN) issued an advisory today to alert financial institutions to potential indicators of imposter scams and money mule schemes, which are two forms of consumer fraud observed during the COVID-19 pandemic. The advisory contains descriptions of these scams and schemes, financial red flag indicators for both, and information on reporting suspicious activity.
The Financial Crimes Enforcement Network (FinCEN) today issued an advisory to alert financial institutions to rising medical scams related to the COVID-19 pandemic. This advisory contains red flags, descriptions of COVID-19 related medical scams, and information on reporting suspicious activity. This is the first of several advisories FinCEN intends to issue concerning financial crimes related to the COVID-19 pandemic.
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FinCEN is the U.S. Financial Intelligence Unit