Coping with the Growing Fraud Threat
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.