FinCEN releases a comprehensive analysis on check fraud linked to mail theft, reporting more than $688 Million in suspicious activity in the 6 months

FinCEN Director Andrea Gacki emphasized the importance of financial institutions BSA filings in combating mail theft-related check fraud, which affects communities nationwide. In collaboration with the U.S. Postal Inspection Service, FinCEN aims to raise awareness of this fraud, which impacts personal savings, business accounts, and financial institutions covering losses…