Jump to Content

Search ABA

Search ABA

Skip Section Navigation

Home
Topics
Risk Management
Fraud
Unemployment Insurance Fraud

In This Section

Unemployment Insurance Fraud

Fraudsters are leveraging the high volume of unemployment insurance claims and money mules to submit fraudulent claims using consumer’ stolen personally identifiable information. The funds are transmitted by the states into financial accounts controlled by money mules who are either willing or unknowing participants in this crime.

Resources

Nacha Unemployment Benefits Return Opt-In Program, July 2021
U.S. Department of Justice NUIFTF: Fraudulent Websites/Links and Phishing, March 2021
Issuance of Erroneous Forms 1099-G due to Fraudulent Unemployment Insurance Claims, February 2021
FinCEN Advisory: Unemployment Insurance Fraud During the COVID-19 Pandemic, October 2020
U.S. Secret Service and DOL OIG Guidance for Financial Institutions: Detection and Mitigation of Unemployment Insurance Fraud, July 2020 (ABA Bank members only)
U.S. Secret Service Cyber Fraud Task Force Contact List, July 2020 (ABA Bank members only)
U.S. Secret Service Cyber Fraud Task Force Map, July 2020 (ABA Bank members only)
U.S. Department of Labor OIG Regional POCs for UI Fraud, July 2020 (ABA Bank members only)
State Agency Unemployment Insurance ACH List, July 2020 (ABA Bank members only)
State Agency Unemployment Insurance Contact List, July 2020 (ABA Bank members only)
FinCEN Advisory on Imposter Scams and Money Mule Schemes Related to Coronavirus Disease 2019 (COVID-19), July 2020
FBI Press Release: Spike in Fraudulent Unemployment Insurance Claims Filed Using Stolen Identities, July 2020