US Treasury wants banks to be better at filing file cyber scam reports after noting nearly $13 billion in losses since 2023

FinCEN warns US banks of industrial‑scale scam centers in Southeast Asia stealing billionsVictims coerced into crypto “investments,” later re‑scammed with fake recovery feesLaundered via digital assets, mixers, shell firms, and Chinese underground banking networksAmerican financial institutions need to be more vigilant when it comes to identifying...