Are identity thieves targeting your institution to commit tax refund fraud?
The IRS and Department of Justice continue to struggle with criminals manipulating tax refunds, with stolen identities and mule recruitment primary methods for perpetrating this crime. Financial institutions play an important role in uncovering and reporting this activity.
Verafin alerts you to State and Federal tax returns that appear suspicious and provides automated SAR e-filing functionality to quickly and efficiently report your findings to FinCEN.