FTC and Suspicious Activity Report (SAR)

FinCEN Issues Warning About COVID-19 Vaccine Scams, Cyberattacks

PYMNTS

DECEMBER 28, 2020

FinCEN also emphasized the importance of Suspicious Activity Reports (SARs) as being critical to identifying and stopping cybercrime in “conjunction with effective implementation of Bank Secrecy Act (BSA) compliance requirements.”. So far, two vaccinations have been approved by the U.S.

Fincen

Fincen Suspicious Activity Report (SAR) Scams Federal Trade Commission

Are High-Security Checks Worth It?

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

Checks Security Fincen Payer

Payments Space

FinCEN Issues Warning About COVID-19 Vaccine Scams, Cyberattacks

Are High-Security Checks Worth It?

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