On 11 February, an article from Clifford Chance says that financial institutions are expected to identify potential indicators of pandemic-related fraud involving the health insurance and health care industries. On 2 February FinCEN laid out numerous red flags in an Advisory and directed financial institutions to be on the lookout for these scenarios.
https://www.cliffordchance.com/content/dam/cliffordchance/briefings/2021/02/Fincen-Advisory-Puts-Financial-Institutions-on-Notice-for-Red-Flags-Indicative-of-Covid-19-Related-Health-Care-Fraud(24000120365.1).pdf
The FinCEN Advisory is at –
https://www.fincen.gov/sites/default/files/advisory/2021-02-02/COVID-19%20Health%20Care%20508%20Final.pdf
I would be grateful for any modest contribution for my time and ongoing costs of computer, relocation, and (still ongoing) removal costs, I have a page, where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y
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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
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