Local, state and Federal law enforcement agencies can be helpful partners to financial institutions in the fight against fraud and security issues; therefore, banks are encouraged to establish positive working relationships to enhance information sharing about emerging trends.
This page was created to provide you with overviews and contact information for the various Federal agencies that investigate bank robberies and financial crime.
Alert: Large European Money Mule Network Uncovered
An alert has been issued regarding a large network of individuals taking advantage of the Visa Waiver Program agreement between the U.S. and countries, including Latvia, Lithuania, and Estonia, in order to help facilitate a variety of money laundering activities. See the NCFTA section for more information.
Federal Law Enforcement Agencies
Federal Bureau of Investigation (FBI). The FBI investigates matters involving violent crimes, bank and armored car robberies, and other financial crimes including fraud, theft, and embezzlement occurring within or against the national and international financial community.
Internet Crime Complaint Center (IC3). The IC3 is a partnership between the FBI and the National White Collar Crime Center (NW3C), a non-profit organization funded in part by grants from the Department of Justice, Bureau of Justice Assistance. It serves as the central clearinghouse and repository for civil and criminal related complaints from industry, financial institutions, and private citizens, domestically and internationally, involving cyber related violations (i.e., computer intrusions, theft of intellectual property, financial crimes, and Internet fraud).
These IC3 site
also contains Public Service Announcements (PSAs) on various types of cyber crimes, including those impacting the financial services industry.
Internal Revenue Service Criminal Investigations (IRS-CI). The IRS CI investigates potential criminal violations of the Internal Revenue Code and related financial crimes in a manner that fosters confidence in the tax system and compliance with the law.
The Criminal Investigation strategic plan is comprised of three interdependent programs: Legal Source Tax Crimes; Illegal Source Financial Crimes; and Narcotics Related and Counterterrorism Financial Crimes. These three programs are mutually supportive and encourage utilization of all statutes within CI’s jurisdiction, the grand jury process and enforcement techniques to combat tax, money laundering and currency crime violations.
Special Section: Tax Refund Fraud
As the 2012 tax filing season approaches, a special section has been developed to provide you with information about tax refund fraud and who to contact if you suspect fraudulent activity. Click here
to access the ABA’s Tax Refund Fraud site.
Untied States Immigration and Customs Enforcement (ICE). ICE Homeland Security Investigations Special Agent in Charge (SAC) offices coordinate the law enforcement activities for J-1 non-immigrant visa money mule activity.
United States Postal Inspection Services (USPIS). One of the overall objectives of the U.S. Postal Inspection Service is to investigate complaints where the U.S. Mail, U.S. Postal Service products or services are used to facilitate identity theft.
USPIS Intelligence Sharing Initiative Website. ABA members may apply for access to the USPIS Intelligence Sharing Initiative website, which contains information on fraud applications, hot addresses, account takeovers, and other data regarding fraudulent financial activities provided by representatives from major retailers, law enforcement agencies, and financial institutions. The ISI provides a secure environment where the Inspection Service and fraud investigators can openly share information pertaining to mail theft, identity theft, financial crimes, investigations, and prevention methods.
Membership is free, however all members must regularly share their fraud data on the site to remain active.
* Please note: These addresses are supplied to alert you and your organization to possible fraudulent activity and if circulated outside of your organization could possibly compromise an ongoing Inspection Service investigation. By accessing this document, you agree not to circulate the information outside of your organization.
- Financial Industry Mail Security Initiative (FIMSI). FIMSI which was created in 1992 to address the increase in credit cards stolen from the mail and has broadened to include counterfeit check schemes, Internet fraud and bank fraud schemes. The group publishes a quarterly newsletter detailing their efforts and formally meets twice a year.
United States Secret Service (USSS). The primary mission for USSS investigations is the prosecution of those involved in financial crimes as it relates to the protection of the financial infrastructure of the United States. The USSS has Financial Crimes Task Forces and Electronic Crimes Task Forces (ECTFs) throughout the United States that are ready to carry out this mission. The ECTF coordinates regular meetings in each region to discuss the evolving threat environment, provide training and build awareness as well as provide an opportunity to network with local law enforcement and state computer crime lab representatives.
The U.S. Secret Service issued an advisory regarding the recent increase in malicious activity targeting payment processers associated with prepaid debit accounts.
Public – Private Partnerships
National Cyber Forensics & Training Alliance (NCFTA). The NCFTA is a functional Public/Private Alliance that brings responsible cross-sector industry stakeholders together with domestic and international law enforcement agencies to share “real-time” resources (intelligence & expertise) to better identify, adapt to, and ultimately defeat significant – often global – cyber criminal threats.
Five key initiatives under the NCFTA include:
- 1. CyFin - dedicated to identifying, mitigating, and neutralizing cyber threats targeting the financial services industry.
- 2. Malware & Botnet - dedicated to better understanding the technology and identifying individuals or groups who utilize malicious code to enable crimes.
- 3. IPR Retail – partnership with the National Intellectual Property Rights Coordination Center (NIPRC) to provide actionable intelligence to combat Internet sales of counterfeit merchandise.
- 4. Pharmacy – partnership with FBI’s Cyber Initiative and Resource Fusion Unit (CIRFU) and the Internet Crime Complaint Center (IC3) to provide a neutral forum wherein private industry and law enforcement can exchange information regarding emerging and ongoing threats to the pharmaceutical industry.
- 5. Internet Fraud Alert (IFA) - a centralized clearinghouse and alerting mechanism allowing trusted participants to report compromised credentials that have been uncovered online.
Using a centralized alerting system powered by Microsoft technology and developed specifically for this program, IFA will quickly inform companies about compromised credentials and account information found online. This information can include username and password, log-in information for online services, and compromised credit and debit card numbers. By alerting the organizations responsible for these accounts, the appropriate actions can be taken to protect the consumer.
Through a partnership between the NCFTA, the ABA, and Microsoft, the NCFTA’s Internet Fraud Alert service is currently offered to financial institutions at no charge.