FINCEN ADVISORY ON MEDICAL SCAMS RELATED TO COVID-19 WITH FILING INSTRUCTIONS FOR FINANCIAL INSTITUTIONS

On 19 May, FinCEN issued an advisory to alert financial institutions to rising medical scams related to the COVID-19 pandemic. It 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.

https://www.fincen.gov/resources/advisories/fincen-advisory-fin-2020-a002

https://www.fincen.gov/sites/default/files/shared/May_18_Notice_Related_to_COVID-19.pdf

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017