Feds Tell Banks to Be on Alert for Payroll, Work Comp Premium Fraud Schemes September 13, 2023 By Jim Sams A US Treasury Department unit that investigates financial crimes has directed banks to send alerts when they come across suspicious...
Use of Shell Companies in Construction to Evade Taxes, Workers’ Comp On the Rise August 24, 2023 By Andrew G. Simpson The workers’ compensation industry and state and federal tax authorities are losing hundreds of millions of dollars every year from...
US Banks Reported $1 Billion in 2021 Ransomware Payments November 2, 2022 By Jack Gillum US financial institutions reported nearly $1.2 billion on likely ransomware-related payments last year, most commonly in response to breaches originating...