Takeaways
New joint FinCEN advisory identifies payroll, tax, and labor-contractor practices that may be associated with unauthorized employment and related fraud.
Employers using staffing companies and labor contractors should evaluate those relationships in light of the advisory’s red-flag indicators.
The advisory particularly emphasizes agriculture, construction, domestic service, hospitality, and staffing.
Article
The Financial Crimes Enforcement Network (FinCEN), together with the FDIC, OCC, and NCUA and in coordination with the IRS, issued a joint advisory (FIN-2026-A002) addressing financial risks associated with the unlawful employment of individuals who lack U.S. work authorization. The advisory was issued pursuant to May 19, 2026, Executive Order 14406, “Restoring Integrity to America’s Financial System,” which directed the secretary of the treasury to address risks posed by non-work-authorized populations’ use of the U.S. financial system.
Although ICE did not participate… Read the complete article here...
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