Shielding Yourself from FinCEN Fraud: A Guide to Avoid Common Scams

ARTICLE | April 21, 2025

In the digital era, scammers have found new and sophisticated ways to exploit government agencies for personal gain. A particularly concerning trend involves fraudsters who leverage the name, insignia, and authority of the Financial Crimes Enforcement Network (FinCEN) to swindle businesses and the general public. Whether through impersonation or misuse of official registrations, these schemes can be financially devastating. Being aware of FinCEN’s legitimate functions and current regulations is crucial for shielding yourself and your organization from these ever-evolving scams.

Read the full article here.

Staying informed and observant is your strongest defense against FinCEN-related fraud. By understanding what FinCEN truly does—and the many things it does not do—you’ll be able to spot red flags more quickly. Whether you’re a business owner concerned about compliance or an individual who has received a puzzling message, don’t hesitate to confirm the legitimacy of a claim. Remain vigilant, enlist professional support if you’re uncertain, and promptly report any suspicious communications to the appropriate authorities. With the right knowledge and caution, you can confidently shield yourself and your organization from FinCEN scams.

Our firm provides the information for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. This article is not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.