FinCEN Updates Advisory on Business Email Compromise

Jul 17, 2019
The Financial Crimes Enforcement Network updated its advisory on business email compromise fraud with new information on how fraudsters target vulnerable business processes and how financial institutions can share information on these schemes.

FinCEN issued the advisory and an analysis of Bank Secrecy Act data focusing on BEC scams following a meeting of the agency's FinCEN Exchange Forum, in which law enforcers and financial institutions from across the country convene to share information.

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