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The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued an alert Tuesday on unemployment insurance fraud during the COVID-19 pandemic.

“Many illicit actors are engaged in fraudulent schemes that exploit vulnerabilities created by the pandemic,” FinCEN said in releasing the alert, which is based on FinCEN’s analysis of COVID-19 related information obtained from Bank Secrecy Act (BSA) data, open-source reporting and law enforcement partners.

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