Complytics Solutions ’s Post

OUTSTANDING!!!! Kudon to USSS, FBI, and USAO-WDLA on the indictments of these 21 suspects. Check fraud continues to grow as one of the main streams of street level fraud. I cannot think of any recent search warrants where we haven't come across evidence of check fraud activity. This case also highlights the recruitment of internal actors to help identify victims to target. Does your organization have robust internal protocols to prevent insider collaboration with criminal subjects? How are you protecting your customers information? Using a third party service? Are you holding them to any standards or just assuming they are taking steps to protect your customers? The message this arrest sends is very much needed!! #fraud #fraudtrends #fraudinvestigations #fraudfighters #frauddetection #teamwork #USSS #FBI #USAO #partnerships

OUTSTANDING!!!! Kudon to USSS, FBI, and USAO-WDLA on the indictments of these 21 suspects. Check fraud continues to grow as one of the main streams of street level fraud. I cannot think of any recent search warrants where we haven't come across evidence of check fraud activity. This case also highlights the recruitment of internal actors to help identify victims to target. Does your organization have robust internal protocols to prevent insider collaboration with criminal subjects? How are you protecting your customers information? Using a third party service? Are you holding them to any standards or just assuming they are taking steps to protect your customers? The message this arrest sends is very much needed!! #fraud #fraudtrends #fraudinvestigations #fraudfighters #frauddetection #teamwork #USSS #FBI #USAO #partnerships

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (#FinCEN), in close coordination with the Department of State’s Diplomatic Security Service (#DSS), issued a Notice to financial institutions on fraud schemes related to the use of counterfeit U.S. passport cards. The Notice provides an overview of typologies associated with U.S. passport card fraud, highlights select red flags to assist financial institutions in identifying and reporting suspicious activity, and reminds financial institutions of their reporting requirements under the Bank Secrecy Act (#BSA). #fraud #schemes #USpassportcardfraud #redflags #suspiciousactivity

Deport them immediately

FinCEN continues its focus on fraud, which it has highlighted as one of the Anti-Money Laundering and Countering the Financing of Terrorism National Priorities. #Fraud#AML#FinCEN# CTF

🚨 6 schemers drained $300,000 from bank accounts of unsuspecting victims and made a number of retail purchases. 👀 How❓ 💳 Card skimming ✅ Yes, it is still a thing 🔎 They installed “skimming” devices on ATMs and POS units at stores across multiple states 🌎 The 6 schemers living in the US without legal status: 4 from Romania, 1 from Great Britain and 1 from Ireland ⚖️ They have been charged💥 https://lnkd.in/eB8CPmYc #aml #amlcft #amlcompliance #compliance #regulatory #training #financialcrimes #financialcrime #moneylaundering #duediligence #antimoneylaundering #kyc #financialservices #corruption #scams #fraud #terroristfinancing #terrorismfinancing #barbados #anticorruption #sanctions #financialcrimecompliance #bribery

𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐀𝐥𝐞𝐫𝐭: 𝐅𝐢𝐧𝐂𝐄𝐍, 𝐎𝐅𝐀𝐂, 𝐚𝐧𝐝 𝐅𝐁𝐈 𝐈𝐬𝐬𝐮𝐞 𝐉𝐨𝐢𝐧𝐭 𝐍𝐨𝐭𝐢𝐜𝐞 𝐨𝐧 𝐓𝐢𝐦𝐞𝐬𝐡𝐚𝐫𝐞 𝐅𝐫𝐚𝐮𝐝 𝐛𝐲 𝐌𝐞𝐱𝐢𝐜𝐨-𝐁𝐚𝐬𝐞𝐝 𝐓𝐫𝐚𝐧𝐬𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐂𝐫𝐢𝐦𝐢𝐧𝐚𝐥 𝐎𝐫𝐠𝐚𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧𝐬 The Financial Crimes Enforcement Network (FinCEN), in collaboration with the Office of Foreign Assets Control (OFAC) and the FBI, has issued a Notice to financial institutions about timeshare fraud schemes by Mexico-based transnational criminal organizations, including the Jalisco New Generation Cartel (CJNG). These groups target U.S. timeshare owners in Mexico, using proceeds to fund other criminal activities like drug trafficking. For more details, read here: 𝐅𝐢𝐧𝐂𝐄𝐍 𝐍𝐨𝐭𝐢𝐜𝐞 (𝐅𝐈𝐍-𝟐𝟎𝟐𝟒-𝐍𝐓𝐂𝟐): https://lnkd.in/dfGihH62 𝐓𝐫𝐞𝐚𝐬𝐮𝐫𝐲 𝐏𝐫𝐞𝐬𝐬 𝐑𝐞𝐥𝐞𝐚𝐬𝐞: https://lnkd.in/gN_iGeKf

Check out the latest insights from the ACFE on six significant fraud cases from the first half of 2024.  #fraud #ACFE #fraudprevention

🚨 U.S. Officials Alert: Timeshare Fraud Linked to Cartels 🚨 In a crucial update, U.S. officials and federal investigators are urging banks and financial institutions to enhance their vigilance against cartel-perpetrated #FraudSchemes targeting U.S. timeshare property owners in Mexico. Financial Crimes Enforcement Network, US Treasury (#FinCEN), along with the Office of Foreign Assets Control (#OFAC) and the Federal Bureau of Investigation (FBI) issued a notice highlighting the alarming rise of these schemes. The notice outlines 10 transactional red flags associated various drug-trafficking organizations, which have reportedly netted hundreds of millions of dollars from these #Frauds. 🛡️ Action Required: Financial institutions must start screening transactions meticulously to detect and prevent such #Fraudulent schemes. Awareness and proactive measures are crucial to safeguarding against these sophisticated #FraudOperations. See the link below for further details on red flags to look out for 👇 Stay informed, stay vigilant. 🤝 #FinancialCrimes #AntiFraud #BankingSecurity #FinCEN #OFAC #FBI #TimeshareFraud #CJNG #BSA #AML #ACAMS #CAMS #FinancialCrimesDetection #FinancialCrimesPrevention #Fraud Prevention #FraudDetection #ACFE #CFE https://lnkd.in/dfGihH62

📢 FinCEN Notice: Fraud Schemes Related to U.S. Passport Cards 📢 Today, the U.S. Department of the Treasury's Financial Crimes Enforcement Network (#FinCEN), in collaboration with the Department of State’s Diplomatic Security Service, has released a crucial Notice to all financial institutions. This communication sheds light on #EmergingFraud schemes involving #counterfeit U.S. passport cards. What's Inside: 🔍 Detailed Typologies: Gain insights into the methods used in U.S. passport card #fraud. 🚩 Red Flag Indicators: Learn the key signs that could help you identify and thwart potential #frauds. 📊 Mandatory Reporting: Refresh your knowledge on the compliance requirements under the #BankSecrecyAct. Staying ahead of #fraudsters is key to safeguarding our financial system. This Notice not only outlines the typologies of these #FraudulentActivities but also arms you with the necessary tools to detect and report #SuspiciousActivities effectively. Why This Matters: In an era where #FinancialCrimes are becoming increasingly sophisticated, being informed is your first line of defense. Ensure your team is aware and vigilant. 🕵️♂️ #FinancialCrimes #Compliance #FinCEN #FraudPrevention #BankSecrecyAct #FinancialSecurity #AML #KYC #DiplomaticSecurity #CounterfeitDocuments #PassportFraud #CIP #ACAMS #BSA #CFE #ACFE #Fraud https://lnkd.in/esVbZJZ8