BSA Highlights

In response to the rapid increase in check fraud, the Financial Crimes Enforcement Network (FinCEN) issued on February 27, 2023, its FinCEN Alert on Nationwide Surge in Mail Theft-Related Check Fraud Schemes Targeting the U.S. Mail (FinCEN Alert). FinCEN partnered with the US Postal Inspection Service (USPIS) on the alert, numbered FIN-2023-Alert003, and together the organizations developed a list of 10 red flags to consider when attempting to identify, stop, or report check fraud-related suspicious activity. Continue reading >