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Financial Crime News Briefs

Snapshots of money laundering, insider trading, financial fraud, sanctions evasion, regulations, and AI technology developments for educational purposes only.

Day: September 20, 2024

Written by FinCrimeSeptember 20, 2024

USPS mail theft led to $688M in ‘suspicious activity’ tied to check fraud

Reported by Jory Heckman Despite a declining use of checks in the U.S., criminals are increasingly targeting the mail to commit check fraud. The Postal Service’s surge in mail theft cases contributed to hundreds of millions of dollars in suspected check fraud cases last year, according to a recent Treasury Department analysis. Treasury’s Financial Crimes […]

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