Financial Institutions Reported More Than $688 Million in Suspicious Activity in the Six Months Following FinCEN’s Alert on Mail Theft-Related Check Fraud

PHILADELPHIA—Today, Financial Crimes Enforcement Network (FinCEN) Director Andrea Gacki participated in a beneficial ownership reporting outreach event in the Philadelphia, Pennsylvania area, held in partnership with Rep. Mary Gay Scanlon (D-PA). During the event, FinCEN officials met with small business owners and other stakeholders about the Corporate Transparency Act—a bipartisan law enacted to curb illicit finance by supporting law enforcement efforts.

NEW YORK—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), in partnership with Treasury’s Internal Revenue Service Criminal Investigation (CI), held the sixth of ten planned events in 2024 as part of its Promoting Regional Outreach to Educate Communities on the Threat of Fentanyl (PROTECT) series of the FinCEN Exchange program, first announced in May.