The Financial Crimes Enforcement Network (FinCEN) issued an advisory on June 5, 2026, instructing banks to be vigilant about potential risks related to identity theft, payroll tax fraud, and money laundering schemes associated with the hiring of unauthorized workers.
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FinCEN issues advisory to banks regarding potential risks associated with unauthorized workers
On June 5, 2026, FinCEN released an advisory to banks highlighting the need to monitor for identity theft, payroll tax fraud, and money laundering linked to unauthorized workers. The advisory aims to enhance awareness of these potential risks.
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Treasury warns banks of 'red flags' tied to customers in the U.S. illegally
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FinCEN issues advisory to banks regarding potential risks associated with unauthorized workers