Money Laundering, Terrorism and Financial Institutions - USA Patriot Act Monitor

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7/6/2004 USA PATRIOT Act Monitor News Release: Phishing Hits OCC
Last month, the Monitor described the growth trend of phishing websites which replicate the form of business websites and request information from those visiting the sites. The information is used for identity theft. On July 6, 2004, the Office of the Comptroller of the Currency announced (Alert 2004-12) that www.occnetonline.com, purporting to be an OCC website, was being used to acquire confidential information from visitors. By the time the Monitor attempted to visit the site, it had been removed from the server system, but other sites of this description will undoubtedly join the unfortunately popular trend.

See "Phishing Schemes Nearly Doubling Every Month", USA PATRIOT Act Monitor, June 2004, p. 4.

The USA PATRIOT Act Monitor and the news releases prepared by the Monitor staff are services of the Civic Research Institute, publisher of Money Laundering, Terrorism, and Financial Institutions, by Raymond Banoun and John Ensminger. Contact and subscription information may be obtained at http://www.civicresearchinstitute.com/moneylaundering or by calling the Civic Research Institute at 609-683-4450 (fax: 609-683-7291).

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