Scientist with digital image of COVID-19

FinCEN Warns of Imposter Scams and Money Mule Schemes Related to COVID-19

FinCEN, the Financial Crimes Enforcement Network (FinCEN), has issued an advisory warning of possible imposter scams and money mule schemes happening during the Coronavirus pandemic.

The advisory is based on “FinCEN’s analysis of COVID-19-related information obtained from the Bank Secrecy Act (BSA) data, open-source reporting, and law enforcement partners.”

Imposter Scams
In imposter scams, scammers impersonate organizations such as government agencies, non-profit groups, universities, or charities to offer fraudulent services or otherwise defraud victims.

For example, a scammer may contact potential victims by phone, email, or text and imply that the victim must verify personal information or send payments in return for COVID-19-related stimulus payments or benefits.

FinCEN has the complete, downloadable advisory for those who would like more information on imposter scams and money mules schemes.