FinCEN Archives - Guardian Analytics

Watchdog group tallies $250 million in coronavirus-aid fraud with money spent on sports cars, strip clubs, gambling and crypto bets

The U.S. Department of Justice has brought charges against at least 82 individuals, in cases where $250 million in fraudulent loans were sought in the six months since the Small Business Administration began disbursing loans under the Trump Administration’s Paycheck Protection Program, according to a tally by the Project on Government Oversight released Thursday.

October 8, 2020 : MarketWatch

By Guardian Analytics Financial Crimes Team|2020-10-13T17:11:24+00:00October 8th, 2020|COVID-19|Comments Off

Fiserv: P2P Payment Products Skyrocket for Credit Unions During COVID

The global pandemic this year has caused credit union members and consumers to embrace digital payments at an incredible pace. According to fintech powerhouse Fiserv, it has “added or enhanced” P2P payment capabilities for more than 200 credit unions and banks in 2020 using the Zelle Network.

October 7, 2020 : Credit Union Times

By Guardian Analytics Financial Crimes Team|2020-10-13T17:08:45+00:00October 8th, 2020|COVID-19|Comments Off

Here’s what banking experts are saying in the wake of the FinCen leak

The documents, obtained by Buzzfeed and the International Consortium of Investigative Journalists, contain Suspicious Activity Reports (SARs) filed with the U.S. Department of Treasury’s Financial Crimes Enforcement Network, or FinCen, between 1999 and 2017.

September 21, 2020 : CNBC

By Guardian Analytics Financial Crimes Team|2020-09-22T14:22:36+00:00September 21st, 2020|COVID-19|Comments Off