IBA Introduces FinCrime Network

Here is how FinCrime works:

•   Financial institutions and law enforcement can register by clicking here. IBA member banks may currently participate at no charge. There is no charge to law enforcement agencies.

•   Participants establish a personal profile, selecting the relevant geographic area of interest and types of fraud to be covered.

•   Participants log in to the password-protected site, submit case information via a web form or download from their case management system.

•   FinCrime automatically checks existing incidents for cross references, including names, account numbers, and license numbers whenever an incident is posted.  When a suspected cross reference is found, the persons posting both the original and new incident are notified.

•   Alert notification e-mails go out to all participants based on the criteria established in their personal profiles.

•   Financial institutions and law enforcement can search existing cases based upon multiple criteria, including names, dates, geographic region, and type of fraud.  You can also upload, store, and retrieve photos and images.

Effective November 1, 2003, FinCrime has replaced the IBA Protective Bulletin.  Security officers should register for FinCrime in order to continue to receive this vital information.  In addition, IBA member institutions are encouraged to contact their local police departments and tell them about FinCrime.  To be truly effective at fighting financial crime, we need to make law enforcement agencies aware of this important information-sharing tool.  Please help us spread the word.

If you have any questions about FinCrime, please contact Paul Freeman at 317-387-9380.