![Hand on paperwork.](https://www.ccul.org/wp-content/uploads/2024/02/021624bill-300x199.jpg)
The Internal Revenue Service (IRS) issued a warning about the rising threat of impersonation scams. The IRS indicated in its press release that these scams are targeting older adults by pretending to be government officials, aiming to steal sensitive personal information and money.
By posing as representatives from agencies such as the IRS, or other government agencies, these fraudsters use fear and deceit to exploit their victims.
Understanding the Threats
The IRS has identified a concerning trend where fraudulent actors are increasingly targeting unsuspecting individuals, particularly senior citizens, by masquerading as IRS agents. Victims are pressured into making immediate payments through unorthodox methods such as gift cards or wire transfers under the pretense of resolving fictitious tax liabilities or securing false refunds.
These scammers deploy advanced techniques to fabricate a veneer of credibility, including the manipulation of caller IDs to appear legitimate. Here are just a few examples of their schemes:
IRS Joins Other Federal Agencies – Including the CFPB – To Recognize ‘World Elder Abuse Awareness Day’
The IRS indicates that this warning is part of a wider effort leading up to World Elder Abuse Awareness Day (WEAAD) on Saturday, June 15.
WEAAD, observed since June 15, 2006, aims to foster a better understanding of the neglect and abuse faced by millions of older adults, focusing attention on the contributing cultural, social, economic and demographic factors.
Access the ‘Compliance Hotline’
Your League-member benefits include the Compliance Hotline — providing exclusive access to dedicated compliance experts:
Using the above phone number and email address, you can gain access to a knowledgeable team that’s ready to address all your credit union’s compliance inquiries — promptly and efficiently. With the Compliance Hotline, you can proactively respond to impromptu questions and issues by getting clarity and insight on technical topics that normally slow you down. We want to help you unlock the full potential of your League membership by leveraging the resources and support you need to navigate the complex world of compliance effortlessly. We’re ALWAYS just a phone call or email away!
Additionally, other League-member compliance resources include:
For more information, email Lisa Quaranta.
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