Fraud Archives - Page 3 of 14

AFC Challenges, Europe Express, Fraud, Fraud Alert, Regulatory Initiatives

The European Union’s Battle Against Financial Fraud: Confronting the Threats Ahead

January 31, 2025February 20, 2025 /Leave a comment

Financial fraud remains a significant threat to the stability and integrity of the European financial system, particularly as digital transactions and cross-border payments grow in both speed, volume and complexity.1 The European Banking Authority (EBA) and the European Central Bank (ECB) have taken active roles...

AFC Challenges, Compliance, Fraud

Trade Surveillance in 2025

January 10, 2025January 10, 2025 /Leave a comment

From JPMorgan’s $450 million data governance fines to the high-profile manipulation and fraud conviction of Archego’s Bill Hwang, trade surveillance and abuse were center stage ...

December 2024 – February 2025, Fraud

Practical Solutions for Preventing Boiler Room Fraud

December 19, 2024 /Leave a comment

The battle against boiler room fraud is being led by technological advancements, with artificial intelligence (AI) identifying the faintest ripples that might indicate suspicious behavior and tools like graph technology, real-time surveillance and anomaly detection leading the charge. In this rapidly evolving landscape, financial institutions...

Badge Bulletin, December 2024 – February 2025, Fraud

IRS-CI: Following the Financial Crime Trail

December 19, 2024December 19, 2024 /Leave a comment

You may be asking yourself, “Why is someone from the Internal Revenue Service Criminal Investigation (IRS-CI) division writing about the cyber world?” Well, let us put it this way: As money moves around the world, IRS-CI is following the money used by criminals to build...

Fraud, Fraud Alert, World Digest

Rise in Check Fraud: Navigating Social Media Financial Trends

December 10, 2024December 11, 2024 /Leave a comment

The banking industry faces an unprecedented challenge in 2024: protecting both its youngest professionals as well as its youngest clients from the deluge of questionable financial “advice” flooding social media. JPMorgan Chase’s recent lawsuits against customers who exploited a viral ATM “hack” highlight a disturbing...

December 2024 – February 2025, Financial Crime Matters and Beyond, Fraud

Financial Crime Matters and Beyond: Head and Heart

November 22, 2024December 19, 2024 /Leave a comment

Whether it is investigators following the proceeds of human trafficking or compliance officers filing suspicious activity or currency transaction reports on funds tied to child exploitation, dispassionately collecting evidence is crucial to catching and convicting the bad guys. But the professional demeanor that pursuing traffickers,...

Exclusive, Fraud, Fraud Alert, Practical Solutions

Holiday Scams to Watch Out for in 2024

November 11, 2024 /Leave a comment

The holiday season, with its surge in shopping, travel and festive activities, is also a peak period for scammers who seek to exploit the spirit of generosity and the flurry of financial transactions. In 2024, as digital technology becomes more integrated into daily life, new...

ACAMS Connection, Fraud, Fraud Alert

Cryptocurrency Kiosks and Scam Typologies: An Investigator’s Perspective

October 28, 2024October 29, 2024 /Leave a comment

It was a Tuesday afternoon in a small, well-to-do, southeastern Connecticut town. Nancy was on her laptop checking the afternoon TV schedule from her lower-income senior housing apartment. After clicking the link for the TV guide site and scrolling past NCIS, an alert popped up...

AFC Challenges, Featured Column, Fraud, Fraud Alert, Tech Scope

Combating Cryptocurrency Scams: The Fight for Justice

October 16, 2024October 16, 2024 /Leave a comment

In a testament to its growth, the valuation of cryptocurrencies has quietly surged to an astounding $2.6 trillion, a phenomenon often overlooked by many. In the 15 years since the introduction of Bitcoin, the allure of crypto among investors has sparked significant turmoil, impacting millions...

ACAMS Connection, Features, Fraud, Fraud Alert

The Evolution and Escalation of Digital Payment Fraud

October 14, 2024October 14, 2024 /Leave a comment

Payment fraud is not a new issue. Historically, fraudsters had to be patient and willing to engage in time-consuming, manual techniques to carry out their schemes. The process itself acted as a deterrent, adding enough friction to limit widespread fraudulent activity. However, digital tools have...

ACAMS Today

The Magazine for Career-Minded Professionals in the Anti-Financial Crime Field

The World Cup: A magnet for financial crime

From harmless wagers to global crime in sports betting

ACAMS celebrates AFC professionals with ACAMS Awards

AML/AFC trends in 2025 and emerging topics for 2026

The end of the “de minimis” exemption: Strengthening U.S. trade controls

Fraud trends in 2026: What to expect

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