The United States Treasury's Financial Crime Enforcement Network (FinCEN) asked the financial sector to watch for and report evidence of COVID-19 vaccine fraud, ransomware and other scams.

In a notice sent out Monday, FinCEN detailed for banks or other financial services organizations potential issues, asking the sector to be particularly attuned to ransomware attacks on distribution networks and the supply chains for the manufacture of vaccines. Other potential scams include fraudulent vaccines and phishing.

The financial industry is required by law to report suspicious patterns of transactions to FinCEN.

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