FinCEN Orders Banks To Report Student Aid Fraud As Ghost Student Schemes Spread
Treasury Department’s Financial Crimes Enforcement Network (FinCEN) sound the alarm to direct banks and credit unions to detect and report suspicious activity related to federal student aid fraud. It is FinCEN’s first warning targeting specifically the roughly $120 billion in annual Federal Student Aid awards. You can read it full alert here (PDF). Refund of […]
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