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IRS Warns Financial Institutions of New Scam Artists
Monday, September 29, 2014 6:35 AM

The Internal Revenue Service has issued a fraud alert regarding international financial institutions that comply with the Foreign Account Tax Compliance Act. According to the alert, scam artists posing as the IRS have fraudulently solicited financial institutions for account holder activity and account information.

Financial institutions directly registered for FATCA compliance and those in jurisdictions treated as having intergovernmental agreements in effect to implement FATCA have been approached by the scammers. The reports come from multiple countries across a number of continents.

The IRS does not require financial institutions to provide specific account holder identity information or financial account information over the phone or by fax or email. Further, the IRS does not solicit FATCA registration passwords or similar confidential account access information.

The IRS has defined the fraudulent solicitations as the well-known phishing scams that use unsolicited e-mails and websites disguised as legitimate to deceptively obtain information.

Financial institutions that suspect they are the subject of a phishing scam should report the matter to the Treasury Inspector General for Tax Administration at 800-366-4484, or through TIGTA’s secure website

The IRS reminds consumers that any suspicious emails that contain attachments or links in the message should not be opened. Instead, such email should be forwarded to phishing@irs.gov.

More information on prior alerts and scams can be found on IRS.gov.