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Banks See Spikes in Suspicious Activity After Disasters - ABI

Banks seeing a spike of suspicious activity in the months following natural disasters can use the information to better prepare for future crime-fighting efforts, according to an analysis of filings the banks made to the federal government by data-management firm Enigma, the Wall Street Journal reported. The firm, which last month began a series analyzing suspicious-activity reporting by banks to the U.S. Treasury Department, said yesterday in its latest analysis that it examined the linkage between financial crime and 20 natural disasters. It found the issues go beyond mere fraud: Banks are in the middle of preventing insurance exploitation, identity theft and cyber-related crimes following disasters.

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