A recently published guide explains how community banks and law enforcement can build effective partnerships that help hold fraudsters and scammers accountable.
The guide, Community Banks and Law Enforcement: A Partnership Framework for Mutual Success, offers a framework for information sharing and reciprocal support between community banks and law enforcement with the goal of preventing and prosecuting financial crimes, promoting community outreach, and expanding public awareness of fraud and scams.
The guide was published by the Independent Community Bankers of America (ICBA), an organization promoting an environment where community banks flourish, and the International Association of Financial Crimes Investigators, a nonprofit organization providing services that allow information about financial fraud, fraud investigation and fraud prevention methods to be collected.
“Collaboration between community banks and law enforcement through intelligence sharing, timely reporting, public education, and ongoing dialogue is essential to combating the threat of fraud and scams,” Rebeca Romero Rainey, ICBA president and CEO, said. “ICBA is proud to add this new joint resource to our library of tools to help fight back against financial crimes.”
In March, an ICBA member testified before Congress on legislative and regulatory recommendations to help community banks combat fraud and scams, and stated that fraud must be fought through coordination.