FinCEN Reminds Financial Institutions of Its Resources on Identifying Potential Relationship Investment Scams

In support of the annual, multiagency #DatingorDefrauding campaign, led by the Commodity Futures Trading Commission's Office of Customer Education and Outreach, the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) is once again reminding financial institutions to remain vigilant to potential relationship investment scams. Several FinCEN publications describe how these scams operate and provide insight into the tools and tactics scammers and their co-conspirators use to defraud victims and gain access to the U.S. financial system. Suspicious Activity Report filings and effective Bank Secrecy Act compliance are critical to helping law enforcement detect, investigate, and prosecute cases involving relationship investment scams.

For information on specific filing instructions and key terms:

• Alert on Prevalent Virtual Currency Investment Scam Commonly Referred to as "Pig Butchering" by Perpetrators
• Advisory on Elder Financial Exploitation
• Alert on Fraud Schemes Involving Deepfake Media Targeting Financial Institutions
• Alert on Fraud Schemes Abusing FinCEN's Name, Insignia, and Authorities for Financial Gain
• Notice on the Use of Convertible Virtual Currency Kiosks for Scam Payments and Other Illicit Activity

For information on trends related to relationship investment scams:

• Financial Trend Analysis: Elder Financial Exploitation
• Financial Trend Analysis: Mail Theft-Related Check Fraud

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