Consumer Alerts

Consumer Alerts

DON’T BE AN ON-LINE VICTIM: How to guard against Internet Thieves and Electronic Scams

Identity theft continues to be one of the fastest growing crimes in the United States and has ranked as one of the top consumer concerns for the past several years.  The Federal Deposit Insurance Corporation (FDIC) has produced a multimedia presentation to help consumers protect themselves from identity theft.  The presentation provides information on steps consumers should take to secure their computer and protect themselves from identity theft, as well as actions consumers should take if they become a victim of identity theft.

For more information and to access this multimedia presentation, click here.

Attention: Counterfeit Currency is rapidly growing

Every year the public is victimized by the counterfeiting of United States Currency.  Those who fail to carefully examine the money they receive are potential victims.  Learn to identify counterfeit currency and protect yourself from this growing crime.  To find valuable information from the United States Secret Service on how to detect counterfeit currency click here.

Special Alert: Fraud and Identity Theft

Fraud and identify theft continue to be of concern to everyone.  You can be the best line of defense against fraud and identity theft, and you can find additional information on the matter at www.consumer.gov/idtheft.  This is the US government’s central Web site for information about identity theft.

Special Alert: Fraudulent Anti-Terrorist Stop Order Letters

These letters are being sent to bank customers.  Copies of these ANTI-TERRORIST letters have been received by FinCEN that notify consumers that mandatory fees, in amounts of approximately $25,000, are required for the issuance of a ANTI-TERRORIST CERTIFICATE before transactions may continue to be conducted.

These letters were NOT sent by FinCEN and represent a fraudulent attempt to elicit funds from customers.  Please see FinCEN’s Website to see an example of one of these letters.  Consumers should NOT provide any information nor send any funds, to any address as indicated in these letters.  Further, consumers should NOT follow any instructions contained in these letters to access their accounts on-line.

In addition, there are instances in which other letters are being circulated which claim that FinCEN is freezing assets and endorsing investment schemes.  FinCEN does NOT have authority to freeze assets and does NOT endorse investment schemes.

FinCEN is working closely with law enforcement agencies to identify the source of these letters and disrupt these scams.  Until this is accomplished, if consumers receive any letters such as these, or experience any similar attempts to obtain account information or funds, they are requested to notify FinCEN at www.fincen.gov.

Special Bulletin: What You Should Know about Higher FDIC Coverage for Retirement Accounts

Congress has raised the limit on federal deposit insurance coverage which protects you against loss if a banking institution fails.  Click here for an introduction to what you need to know about your FDIC insurance coverage.