Regulatory Alerts2020-12-28 | FinCEN Notice FIN-2020-NTC4Added
COVID-19 Vaccine-Related Scams and Cyberattacks (FinCEN Notice FIN-2020-NTC4)
FinCEN alerts financial institutions to potential fraud, ransomware attacks, and phishing schemes related to COVID-19 vaccines and their distribution. The notice requires financial institutions to reference "FIN-2020-NTC4" in SAR field 2 and select SAR field 34(z) (Fraud - other) when filing Suspicious Activity Reports regarding such activities. Filers must detail the type of fraud or scam in field 34(z) and provide specific information in the narrative portion, including contact methods and transaction details.