On 2/26/25, FinCEN issued an advisory to remind financial institutions to remain vigilant regarding suspicious activity that may be indicative of relationship investment scams. This alert was issued in support of the multiagency #DatingOrDefrauding Campaign launched by the Commodity Futures Trading Commission to alert the public to relationship investment scams targeting Americans through wrong-numbered texts, dating apps, and social media. The advisory states that losses from romance and confidence scams reported to the Federal Bureau of Investigation exceeded $650 million in 2023.

The full FinCEN advisory can be found here.

Adam Witmer

Adam Witmer is a speaker, author, and founder of the Compliance Cohort. Adam has taught hundreds of seminars and training sessions to thousands of bankers throughout the United States and teaches on all areas of regulatory compliance. Adam has written five e-books that he never published, hit a grizzly bear while driving in a National Park, and is an award winning photographer and musician (though he no longer takes photos nor plays any instruments). In his spare time, Adam can be found kayaking on the lake, doing taekwondo with his kids, working on his (project) house, or spending time with his family.

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