Can you spot disaster-related fraud?
Agencies offer guidance to identify common fraud schemes.
NCUA consistently urges all federally insured credit unions to perform routine reviews of their disaster preparedness and response plans. During times of emergency, credit unions need to have heightened awareness of related fraud schemes and scenarios.
Disaster recovery plans help credit unions minimize service interruptions and maintain member confidence. They also should address the increased potential for fraud.
The National Center for Disaster Fraud (NCDF) identified fraudulent activity red flags to inform financial institutions. The Department of Justice established NCDF to investigate, prosecute, and deter fraud in the wake of any natural or man-made disaster.
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