In light of a nationwide surge in check fraud schemes targeting the U.S. Mail, the Financial Crimes Enforcement Network issued an alert on Monday to financial institutions to be vigilant in identifying and reporting such activity.
This alert provided an overview of a recent surge in mail theft-related check fraud, highlighted select red
flags to assist financial institutions in identifying and reporting suspicious activity and reminded
financial institutions of their reporting requirements under the Bank Secrecy Act.
Click here for more information via FinCEN.