Data Privacy & Security Data Privacy & Security

Banks can help police fight Covid-19 fraud with detailed suspicious activity reports, FinCEN director says

By Robert Thomason
  • 10 Dec 2020 12:47
  • 10 Dec 2020 12:49
Banks should provide detailed descriptions of financial wrongdoing when filing suspicious activity reports to help law enforcement combat fraud in Covid-19 and stimulus relief programs, the director of the Financial Crimes Enforcement Network said.

"Different law enforcement teams are investigating fraud in different government programs, and vague references to stimulus or CARES Act

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