Advanced Fee Schemes
Many institutions are now the recipients of solicitations for advanced fee schemes, which have commonly been referred to as Nigerian, West African or 419 advanced fee schemes. A determination as to whether a SAR should be filed is that of the institution that receives the solicitation.
Financial institutions should be aware that the United States Secret Service (USSS) has dedicated resources to this issue. If a financial institution receives an "advanced fee scheme" letter through the mail, e-mail, or fax, and the institution has not initiated any contact with law enforcement or the perpetrators of the attempted fraud, the letter should be forwarded to USSS using one of the following methods:
- e-mail to: firstname.lastname@example.org
- fax to: (202) 406-5031; or,
- mail to: United States Secret Service, Financial Crimes Division,
- 950 H Street, Suite 5300, NW, Washington, D.C., 20373-5802, (ATTN: 419)
If, however, the financial institution has been victimized by one of these schemes, all written documentation should be mailed to the USSS at the above address and a call should be placed to the agency at (202) 406-5850.
Excerpted from SAR Activity Review Issue 4, page 49
First published on 08/01/2002