Today, the Financial Crimes Enforcement Network (FinCEN) is issuing Spanish translations of its February 2023 alert to financial institutions on the nationwide surge in check fraud schemes targeting the U.S. Mail and its September 2024 Financial Trend Analysis (FTA) on mail theft-related check fraud incidents based on Bank Secrecy Act data filed in the six months following the publication of the alert. These translations are intended to further support financial institutions located in predominantly Spanish speaking communities and support law enforcement’s outreach to such communities impacted by this fraud.
Fraud, including check fraud, is the largest source of illicit proceeds in the United States and is one of FinCEN’s Anti-Money Laundering/Countering the Financing of Terrorism National Priorities.
Financial institutions with questions about the content of the alert and FTA should contact FinCEN’s Regulatory Support Section at frc@fincen.gov.
Financial Trend Analysis: https://fincen.gov/sites/default/files/2024-12/FTA-Check-Fraud-Translation-FINAL508.pdf