Fraud Archives - Page 9 of 13

AFC Challenges, Fraud, June - August 2022

Fighting Fraud in the 2020s: All Hands on Deck for the Crime of the Century

August 1, 2022April 26, 2024 /Leave a comment

Police agencies have come a long way when it comes to financial crime investigations and the importance put on these cases. Although not necessarily considered a top five job to most officers, its importance is starting to show in almost every investigation. Financial crime investigators...

ACAMS Connection, Fraud, In Focus, Tech Scope

Preventing Digital Payment Systems Fraud

May 4, 2022April 26, 2024 /Leave a comment

Digital payment volumes have increased dramatically during the COVID-19 pandemic as more companies sell their products and services through digital channels. These payments have expanded to new areas, such as grocery deliveries, vacation rentals as well as automotive sales and repairs. In addition, more consumers...

AFC Challenges, Fraud, In Focus

COVID-19 Pandemic Fraud: Unemployment, PPP, SBA, EIP and More

March 15, 2022April 26, 2024 /Leave a comment

In March and April 2020, schools closed, non-essential businesses shut down and people were staying at home to stop the spread of COVID-19. The U.S. government passed several financial relief programs to assist millions of Americans affected by the COVID-19 pandemic and illicit actors were...

Compliance, Fraud, In Focus

Where There Is Smoke, There Is Fire, and Where There Is Fraud, There Is BSA/AML

November 12, 2021April 26, 2024 /Leave a comment

Throughout history, there have been intersections of fraud and money laundering investigations. After all, how else do the fraudsters get their illicit funds to appear legitimate? As time goes on, the two have become even more intertwined and have pulled in many aspects of the...

AFC Challenges, Fraud

The Paycheck Protection Program Fraud

September 24, 2021April 26, 2024 /Leave a comment

Due to the vulnerabilities created by COVID-19, individuals and organizations operating around the globe are actively seeking to exploit and profit from the pandemic. From financial fraud schemes targeting vulnerable populations, to the importation of counterfeit pharmaceuticals and medical supplies, to websites defrauding consumers, these...

Compliance, Exclusive, Fraud

Targeting Generational Differences: Turning Fraud Prevention Into Competitive Advantage

September 14, 2021April 26, 2024 /Leave a comment

There is a new twist on the “generation gap” these days―and fraudsters are exploiting it to win, while financial services organizations (FSOs) are mining it for better personalization and competitive differentiation in their product offerings and target markets. Today virtually all FSOs, no matter their...

Exclusive, Fraud, Practical Solutions

Four Important Digital Fraud Lessons for Your Employees

August 5, 2021April 26, 2024 /Leave a comment

The move to remote working (prompted by COVID-19) has compounded the difficulty of running a business. Many companies will remain remote after the pandemic is behind them, and keeping a remote team working effectively takes great skill. The biggest concern, though, is cybersecurity. Today’s...

Compliance, Exclusive, Fraud

Gold and Diamonds on the Blockchain: Fighting Fraud With New Technology

July 26, 2021April 26, 2024 /Leave a comment

First it was money, now it is gold and diamonds. Yes, even precious metals have turned digital! Contracts for differences on gold and silver are available to trade with on various cryptocurrency exchanges like CEX.IO.1 Not only metals, but diamonds are now available on...

Fraud, June - August 2021, Practical Solutions

Post-Pandemic: Forging Partnerships for the Fraud War

June 25, 2021April 26, 2024 /1 Comment

When the COVID-19 pandemic hit the globe in late 2019, few thought it would still rage well into 2021.1 As the world faces the prolonged fallout from this virus, law enforcement and other entities are starting to take stock of the future state and...

AFC Challenges, Fraud, June - August 2021

The New Age of Investment Fraud

June 25, 2021April 26, 2024 /Leave a comment

Investments have quickly become synonymous with the fintech industry. Robinhood, Moneybox and now even traditional banking institutions are increasing the ability for consumers to invest, save and grow their money. This increase in access has given fraudsters an opportunity to seize on the vulnerability and...

ACAMS Today

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

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IA para gestionar el riesgo emergente en instituciones financieras

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Samuel Cousins: The importance of the Global Threats Report Survey

AFC career hot zones: Crypto, fintech and BaaS

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