The Latest FDIC Scam
If you feel like a personal target for e-mail scams, look at what is happening to the FDIC. It should make you feel better. FDIC's name has been used for fraud scams in a variety of ways. The latest has gone international and uses FAX machines. FAX messages are sent to foreign banks claiming to be from the FDIC's money laundering and anti-terrorism joint task force. They ask for information about accounts. They don't stop at asking; they threaten. Recipients of these fraudulent requests are advised that failure to provide the information may result in criminal penalties and OFAC-style consequences. Anyone in your institution that may have contacts in foreign banks should be alerted about these scams. Advise them to tell their foreign bank contact to contact the FDIC directly when they receive a questionable request.
Copyright © 2004 Compliance Action. Originally appeared in Compliance Action, Vol. 9, No. 6, 6/04
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