The Financial Crimes Enforcement Network (FinCEN) published an advisory urging financial institutions to be vigilant for health care fraud schemes targeting government health care benefit programs, including Medicare and Medicaid. The advisory is intended to help institutions detect and report related suspicious activity. The update describes how fraudsters, organized crime groups and, increasingly, transnational criminal organizations exploit federal and state health care benefit programs. It outlines associated money laundering typologies and provides red flag indicators, while strongly encouraging financial institutions to voluntarily report suspicious activity to FinCEN and to immediately notify law enforcement when such activity is identified.
Financial Crimes Enforcement Network 2026-03-30
Financial Crimes Enforcement Network issues advisory urging vigilance on Medicare and Medicaid health care fraud schemes
The Financial Crimes Enforcement Network issued an advisory urging financial institutions to be vigilant for health care fraud schemes targeting government health care benefit programs, including Medicare and Medicaid. The advisory describes how fraudsters, organized crime groups and transnational criminal organizations exploit these programs, outlines associated money laundering typologies and red flag indicators, and encourages voluntary suspicious activity reporting to FinCEN and immediate notification of law enforcement.