ABA launches online Treasury check verification platform
ABA launched a new online platform that will enable member banks to easily verify government checks and their payee information ...
Tag: Scams
Justice Department seizes millions of dollars linked to alleged crypto investment scams
The Department of Justice announced it has seized $225.3 million in funds linked to cryptocurrency investment scams. The action marks ...
FinCEN releases figures on BSA filings
Financial institutions filed 4.7 million suspicious activity reports in fiscal year 2024. They filed 20.5 million currency transaction reports during ...
ABA Fraudcast: Federal data points to need for united response to fraud
Telecoms and Meta are avoiding addressing serious challenges. And it's time to set up a family password.
Survey: Most consumers want financial institutions to keep them safe from scams
Roughly three in four Americans believe that financial institutions should be most responsible for keeping consumers safe from scams, according ...
ABA, associations urge SEC to rescind cyber disclosure rule
ABA joined the Bank Policy Institute and three other associations in calling on the SEC to rescind its cyber incident ...
FS-ISAC releases annual report on financial sector cyber threats
The financial sector is scrambling to keep up with the heightened risks posed by cyber threats through increasing investment in ...
Report: Debit card skimming declined in 2024
While the majority of debit card compromises still occur at nonbank ATMs, bank ATMs currently represent 27% of compromise locations, ...
GAO: FinCEN should clarify inspectors general use of BOI in fraud detection efforts
FinCEN should take steps to improve the ability of inspectors general to determine companies’ beneficial owners, which would be useful ...
FinCEN proposes severing Cambodian firm as institution of primary money laundering concern
FinCEN issued a finding and notice of proposed rulemaking targeting a Cambodian firm that allegedly acts as a conduit for ...
