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Foreign Account Tax Compliance Act

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IRS Issues Fraud Alert to Financial Institutions Complying with FATCA

By Joseph J. Lazzarotti on September 25, 2014
Posted in Data Security, Identity Theft, Information Management, Information Risk, International, Uncategorized, Written Information Security Program

The Internal Revenue Service issued a fraud alert for international financial institutions complying with the Foreign Account Tax Compliance Act (FATCA). According to the report, scam artists posing as the IRS – through attacks known as “phishing attacks” – have fraudulently solicited financial institutions seeking account holder identity and financial account information. Financial institutions …

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