Tag: fraud_schemes

FinCEN Alerts Financial Institutions to Federal Student Aid Fraud Schemes

24 Jul 2026 10:45 a.m. · Source: Financial Crimes Enforcement Network

FinCEN has issued an alert to financial institutions, urging them to detect, prevent, and report fraud schemes targeting federal student aid programs. This action aims to protect government-administered student assistance from illicit exploitation.

Politics and Government Business Law Enforcement Federal Government Economy Legal Education Financial Markets Financial Crimes Enforcement Network Federal Student Aid Fraud Schemes Financial Institutions Suspicious Activity U.S. Department of the Treasury Student Aid Programs
FinCEN Alerts Financial Institutions to Federal Student Aid Fraud Schemes

24 Jul 2026 10:12 a.m. · Source: US Treasury

FinCEN has issued an alert to financial institutions regarding widespread fraud targeting federal student aid. The alert details schemes involving 'ghost students' and 'straw students' and urges vigilance to detect and report suspicious activity.

Politics and Government Business Law Enforcement Federal Government Economy Education Legal Artificial Intelligence FinCEN Federal Student Aid Fraud Schemes Financial Crime Government Benefits Fraud U.S. Treasury Scott Bessent US Treasury