-As summer approaches, the allure of vacation properties grows, but so does the threat of timeshare scams. In Episode 6 of The Short Story, we explore the joint notice issued by FinCEN, OFAC and the FBI, addressing the issue of timeshare fraud linked to transnational criminal organizations.
In this episode, we reveal:
-The rise of timeshare scams, impacts and methods used by criminals to steal personal data and deceive victims
-Key red flags that indicate potential timeshare fraud
How financial institutions can detect and prevent these scams
Link to FIN-2024-NTC2: https://www.fincen.gov/sites/default/files/shared/FinCEN-Joint-Notice-Timeshare-Mexico-508C-FINAL.pdf
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