FinCEN ADVISORY ON FINANCIAL CRIMES TARGETING COVID-19 ECONOMIC IMPACT PAYMENTS

On 24 February, FinCEN published this Advisory which contains descriptions of Economic Impact Payments (EIP) fraud, associated red flag indicators, and information on reporting suspicious activity. This Advisory is part of a series published by FinCEN on COVID-19-related frauds and criminal activity.  It is based on FinCEN’s analysis of COVID-19- related information obtained from Bank Secrecy Act (BSA) data, public reporting, and law enforcement partners.

https://www.fincen.gov/sites/default/files/advisory/2021-02-24/Advisory%20EIP%20FINAL%20508.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

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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