The Financial Crimes Enforcement Network (FinCEN) has issued an advisory on the types of coronavirus-related scams and schemes that financial institutions should be on alert for and how and where to report such activity.

The advisory, published Tuesday, aims to “aid financial institutions in detecting, preventing, and reporting potential COVID19-related criminal activity.”

Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...