Article
FinCEN, FDIC, OCC, And NCUA Issue Joint Advisory On Unlawful Employment Of Noncitizens
The US Treasury's Financial Crimes Enforcement Network has issued new guidance alerting financial institutions to fraud schemes involving the unlawful employment of non-work authorized individuals. The advisory identifies identity theft and payroll fraud typologies, providing 18 red flags to help banks detect suspicious activity connected to Immigration Reform and Control Act violations.
McDermott Will & Schulte