Counterfeit Passport Cards Used for Fraud at Financial Institutions
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), in close coordination with the Department of State’s Diplomatic Security Service, has issued a Notice to financial institutions on fraud schemes related to the use of counterfeit U.S. passport cards. The Notice provides an overview of typologies associated with U.S. passport card fraud, highlights select red flags to assist financial institutions in identifying and reporting suspicious activity, and reminds financial institutions of their reporting requirements under the Bank Secrecy Act.
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| Topic | |
| Delivery Type | - Articles / Editorial
- Partner / Industry Resources
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| Role | - Compliance, Risk Incident Management
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| Organization Type | - Challenger / Neo Bank
- Financial Institution
- Government Agency
- Security & Law Enforcement
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| Knowledge Level | - Advanced
- Beginner
- Intermediate
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| News Details Button URL | https://www.fincen.gov/news/news-releases/fincen-issues-notice-use-counterfeit-us-passport-cards-perpetrate-identity-theft |