ADA warns dentists of fraud attempts involving Corporate Transparency Act

The American Dental Association issued an alert about fraud attempts involving the Corporate Transparency Act. 

The Corporate Transparency Act, which went into effect Jan. 1, requires businesses to report certain ownership information to the U.S. government in order to mitigate the number of money-laundering operations.

Since the law went into effect, the Financial Crimes Enforcement Network has reportedly been notified of scammers who send messages asking recipients to click on a URL or scan a QR code. The ADA said the messages may be titled "Important Compliance Notice."

The ADA said the enforcement network does not send unsolicited requests.

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