AML RightSource
In this comprehensive discussion, financial crime experts examine the rapidly evolving fraud landscape facing financial institutions today. The session explores how synthetic identity fraud and organized transnational criminal enterprises are reshaping the threat environment, while artificial intelligence serves as both a powerful detection tool and an accelerant for criminal activity. Industry practitioners share real-world insights on operational challenges, information sharing barriers, and emerging threats including cryptocurrency fraud and elder exploitation schemes.
What You'll Learn
The Current Fraud Landscape
- Why synthetic identity fraud is projected to drive a 153% increase in losses by 2030
- How organized transnational criminal enterprises are replacing opportunistic scammers
- The continuing threat of check fraud despite digital payment growth
AI's Dual Role in Financial Crime
- How artificial intelligence accelerates both fraud detection and criminal capabilities
- Why human oversight and "skepticism libraries" are essential for AI implementation
- The critical need for continuous monitoring versus static verification
Operational Challenges & Solutions
- Information sharing barriers and underutilized 314(b) provisions
- The FRAMEL debate: merging fraud and AML functions
- Best practices for SAR narrative writing and law enforcement collaboration
- Money mule detection: distinguishing between witting and unwitting participants
Emerging Threats
- Elder fraud prevention strategies and branch employee training
- Cryptocurrency fraud risks and institutional preparedness
- The evolution of business email compromise and pig butchering schemes
Who Should Watch
- BSA/AML Officers and Compliance Professionals
- Fraud Prevention Specialists and Investigators
- Risk Management Teams
- Financial Intelligence Unit Staff
- Law Enforcement Personnel
- Financial Institution Leadership
Key Takeaways
Learn practical strategies for combating evolving fraud threats, understand the regulatory landscape around AI implementation, and discover how to strengthen information sharing between financial institutions and law enforcement.