LOS ANGELES — On August 17, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) convened law enforcement and financial institutions for an engagement on health care benefits fraud, including the exploitation of hospice care services. Participants discussed new and emerging health care fraud schemes targeting federal and state health insurance programs, associated financial typologies and red flag indicators, and opportunities to boost awareness around hospice care fraud. Additionally, FinCEN held a training session for law enforcement on August 18 on how to use Bank Secrecy Act data to combat fraud. These engagements build on FinCEN’s work to counter fraud in partnership with the White House Task Force to Eliminate Fraud.
Health care fraud exploiting Medicare and Medicaid continues to grow in scale and complexity. It is also increasingly connected to…
Never share a One-Time PIN (OTP) with anyone over the phone, including people claiming to be bank officials, as legitimate employees will never ask for this code to “verify” your identity.