On March 30th, FinCEN released an Advisory (FIN-2026-A001) urging …financial institutions to be vigilant in identifying and reporting suspicious transactions potentially related to health care fraud schemes targeting Medicare, Medicaid, and other Federal and state health care benefit programs.
The Advisory notes that healthcare-related fraud increased dramatically following the COVID-10 pandemic. Between 2020 and 2025, BSA reporting on health care fraud went up 330% and in 2025 alone there were 3,800 SARs filed with SAR field 34(g) “Healthcare/Public or Private Health” marked.
The Advisory also provides a few case studies as well as 24 red flags for this type of activity.
FinCEN requests that financial institutions reference this Advisory in SAR field 2 (Filing Institution Note to FinCEN) and the narrative by including the key term “HCF-2026-A001” and select, as applicable, SAR field 34(g) (Healthcare/Public or Private Health Insurance) and any other applicable check box.
Kevin discussed this Advisory during our April AML/CFT Membership Group meeting.
Published 2026/04/21