Fraud Archives - Page 10 of 12

Imposter Syndrome—A Different Type of Fraud

March 13, 2019April 26, 2024 /3 Comments

The anti-money laundering (AML) and anti-financial crime professions have been growing at an amazing rate. The tragic events on 9/11, improved money laundering technologies, the Great Recession and increased regulatory scrutiny are just a few of the causes leading to implementation of more robust AML...

AFC Challenges, Exclusive, Fraud

‘Tis the Season for CNP Fraud

December 13, 2018April 26, 2024 /Leave a comment

It is that time of year again when the credit/debit cards come out—and so do the fraudsters. Phishing campaigns, skimming devices, malware attacks and key logging are all tools and techniques fraudsters use to gain access to financial information. So what happens after they gain...

AFC Challenges, Exclusive, Fraud

It’s the Most Fraudulent Time of the Year

December 5, 2018April 26, 2024 /Leave a comment

Through the use of smartphones and the internet, electronic fraud has grown by leaps and bounds over the past 10 years. Computer intrusions, phishing scams and skimming incidents are something fraud investigators deal with every day. When it comes to November and December, fraudsters...

Fraud, June - August 2018, Practical Solutions

Cybersecurity: Confronting Impersonation Fraud as Banks Reorganize

June 26, 2018April 26, 2024 /Leave a comment

High-profile organizational changes in banks and other financial institutions may present media-savvy fraudsters with opportunities to commit scams on unsuspecting customers. Law enforcement, financial institutions and the government should continuously recalibrate how they partner to address fraud, which could be far too complex for each...

Compliance, Fraud, September – November 2017

Deconstructing a Fraudster

September 19, 2017April 26, 2024 /2 Comments

What part of committing fraud is a good idea? For fraudsters, in the short term, the answer is everything. However, in the long run, the answer is nothing. The reason for this is that over time the weight of deception will cause a fraud to...

Exclusive, Fraud

AML and Market Fraud Detection: Technology to the Rescue

August 25, 2017April 26, 2024 /Leave a comment

It is no secret that AML compliance is being revolutionized by the use of modern analytical and data management tools. At the heart of this enormous shift away from manually-intensive and strictly rules-based processes are the suite of artificial intelligence technologies, with their ability to...

Career Guidance, Fraud, June – August 2017

From Law Enforcement to AML and Fraud Compliance

June 9, 2017April 26, 2024 /Leave a comment

Throughout my career, I have been blessed to be associated with many outstanding and dedicated professionals. My post-college work experience in the public and private sectors has now spanned the better part of 45 years. I served in the U.S. government for 31 years...

AFC Challenges, Europe, Fraud, June – August 2017

Combating Cyber Fraud in Correspondent Banking

June 9, 2017April 26, 2024 /Leave a comment

Cybercrime is a major concern for banks around the world. Until recently, the focus of attacks has tended to be on banks’ customers through card and account detail compromises. But as criminals have become more sophisticated, they have raised their ambitions, and in a change...

Fraud, In Focus

Binary Options, Fraud and Money Laundering

May 31, 2017April 26, 2024 /4 Comments

Binary options are a risky business and one that arguably does not lend itself to money laundering because of the risk of losing everything, unless of course the launderer owns and manipulates the process end to end (e.g., owning a roulette table, fixing the wheel...

Fraud, Interviews

Jodi Gissel: Fighting Fraud

April 18, 2017April 26, 2024 /Leave a comment

ACAMS Today interviewed Jodi Gissel, a graduate professor at Marquette University, to discuss the Justice for Fraud Victims Project and the impact students are making in the fight against financial crime. Jodi Gissel joined Marquette University in 2010 after earning her Ph.D. from the University...