PYMNTS

DECEMBER 28, 2020

As the distribution of the COVID-19 vaccine continues to roll out to medical workers and high-risk populations, the Financial Crimes Enforcement Network (FinCEN) is asking financial institutions to be extra vigilant when it comes to cybersecurity. . So far, two vaccinations have been approved by the U.S.

Fincen 127

Fincen Suspicious Activity Report (SAR) Scams Federal Trade Commission 127

PYMNTS

SEPTEMBER 28, 2020

The Federal Trade Commission (FTC) found 184,000 instances of pandemic-related fraud had occurred in the United States since the end of August, resulting in the theft of more than $124 million,” per the new Playbook. As the new Tracker notes, “The pandemic is prompting fraudsters to exploit the economic insecurity gripping much of the world.

Financial Crimes 81

Financial Crimes Crime Due Diligence Federal Trade Commission 81

Seon

JUNE 1, 2023

In fact, on February 27, 2023, FinCEN issued a report warning financial institutions of the rise in mail theft-related check fraud. According to the FTC via Statista, 2022 saw the loss of $178 million due to check fraud – ranking it even higher than payment app and payment service-based fraud at $163m.

Checks 52

Checks Security Fincen Payer 52