Summary: | The FDIC is providing institutions with the attached guidance issued by the Financial Crimes Enforcement Network (FinCEN) regarding benefit fraud related to the recent hurricanes. The Hurricane Katrina Fraud Task Force, as part of the Department of Justice, has been vigorously prosecuting fraud cases related to the hurricanes. The Task Force has also identified possible signs of fraudulent activity, which are included in the attached guidance to assist financial institutions in identifying hurricane-related benefit fraud. Finally, FinCEN requests that specific words be used in the narrative portion of all Suspicious Activity Reports filed in connection with hurricane-related benefit fraud. |
Highlights:
Distribution: Suggested Routing: Attachment: Note: |
Additional Related Topics:
- Hurricane Katrina Examiner Guidance: Interagency Supervisory Guidance for Institutions Affected by Hurricane Katrina (see FIL-12-2006, dated February 3, 2006)