Foreign Account Scams

There is no limit as to what scam artist will do to get your personal information. Thescam alert IRS recently released a fraud alert to international financial institutions with the Foreign Account Tax Compliance Act (FATCA).  Scam artist are posing as IRS agents and contacting these foreign financial institutions.   They are requesting specific account holder information and financial information. These types of scams are known as phishing scams and are conducted through emails or websites which pose as legitimate contacts in order to deceive the financial institution.

The IRS stated that they “do not require financial institutions to provide specific account holder identity information or financial account information over the phone or by fax or e-mail.” In addition, the IRS made it a point to reassure that they “do not solicit FATCA registration passwords or similar confidential account access information.

The IRS urges that if anyone receives suspicious emails with attachments to not open them and to forward to If financial institutions are suspicious of a phishing scam, they are to call the Treasury Inspector General for Tax Administration (TIGTA) at (800)366-4484.

If you have any questions or need any additional information regarding this credit, please do not hesitate to contact us.

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