ACAMS Today

Fraud schemes like pig butchering devastate lives globally. Sustained professionalism and empathy are key to combating these crimes and supporting victims. Read about this and more in Kieran Beer’s article “Financial Crime Matters and Beyond: Head and Heart.”?https://lnkd.in/g93hcBDd?

?? We're one week away from Black ??????????ay! It's time to tune into the realities of fraud this holiday season. Did you know that last year in the U.S., fraud attempts during the holiday period were up 12% compared to 2022? The jury is still out on what 2024 will hold. To help you stay vigilant, we've compiled a playlist of songs to put you in the mindset of a fraudster. ?? Have a listen, and while you're at it, check out ACAMS Today's list of the season's most prominent scams, complete with helpful advice for consumers and bankers ?? https://bit.ly/3YVLMno #FraudandDisputes #DisputeManagement #AutomatedDisputeManagement #FraudManagement #FinTech #BlackFriday

Close out #InternationalFraudAwarenessWeek by learning about how you can protect yourself from different fraud typologies online with Jon Estreich, CAMS-Audit, CFE's article! https://lnkd.in/gPGcZySm

In this episode of ACAMS Live, Craig Timm discusses Financial Crimes Enforcement Network, US Treasury (FinCEN) recent alert on fraud schemes involving deepfake media targeting financial institutions (FIs). ??Criminals are using Gen AI to create fake documents, photos and videos to bypass security checks.? ??They're combining these with stolen or fake information to create fake identities and opening accounts to launder money. ??As Gen AI improves, these fakes are becoming harder to detect. FIs should review their security measures to protect against these threats. Some of the ways to do that include: > Greater information sharing > Expanded public-private partnerships > Upskilling your teams ??We've recently launched our new Certified Anti-Fraud Specialist (CAFS) Certification to equip anti-fraud professionals with the skills and knowledge to combat fraud. Find out more about CAFS here ??https://lnkd.in/et4CzYEN What are your biggest concerns about Gen AI and fraud? Share your thoughts in the comments! #GenAI #Fraud #CAFS

Hear from our member, William Voorhees, on how ACAMS delivers large-scale training programs that cater to both new and experienced AFC professionals, keeping them ahead of industry trends. Speak to our specialists to find out how ACAMS provides scalable and sustainable company-wide training programs. Reach out now: https://bit.ly/3NLE9KU. #ACAMSSuccessStories #AFC #AFCPartner

Crypto scams are evolving fast, with billions lost to fraud. Discover how collaboration between blockchain analysts, law enforcement and anti-money laundering experts is key to recovering funds in the article “Combating Cryptocurrency Scams: The Fight for Justice.” #InternationalFraudAwarenessWeek? Author: Ralph Dahm https://lnkd.in/eBz9JE5F??

The holiday season is here—and so are scams. Start #InternationalFraudAwarenessWeek by learning how to spot and stop the top six holiday scams of 2024, from phishing to fake e-commerce sites with Dustin J. Eaton CFE CAMS CFCI CFCS CAFP CGSS CCCI CAFCA CAMS-RM’s article “Holiday Scams to Watch Out for in 2024.” https://lnkd.in/eMRKfJis?

ACAMS' newest certification, Certified Anti-Fraud Specialist (CAFS), is now live! Starting today, the CAFS study materials, training courses, and certification exam are all available. Ready to get CAFS-certified? Apply now: https://bit.ly/3RyZpWx Interested in fraud training for your team? Book a consultation to find out about bespoke group pricing: https://bit.ly/3XvXoOP

Learn about how countries worldwide are combatting illicit shell companies by addressing beneficial ownership transparency in the article “Shell Companies: The Misuse of Business Entities.” https://lnkd.in/eQDDbhKc?? Authors: Kimberly Lacey, Priyank P. and Christopher Bagnall??

The Financial Crimes Enforcement Network, US Treasury (FinCEN) has released an alert on ‘Fraud Schemes Involving Deepfake Media Targeting Financial Institutions’. Here are some key highlights: ?? SARs reporting has identified a growth in the suspected use of deepfake media in fraud schemes, by criminals alerting or creating fraudulent ID to circumvent bank controls. ?? Deepfakes and the abuse of generative AI are being abused by criminals to create false documents, sometimes based on stolen PII, to get around customer verification and CDD in order to receive and launder the proceeds of fraud. ?? The alert highlights tactics for FIs to identify deepfakes such as reverse image searches or examining images’ metadata, as well as a series of indicators of suspicious activity. ?? GenAI tools are also being employed by criminals to engage in social engineering scams such as Business Email Compromise (BEC) and romance scams including pig butchering. ?? Earlier this year, ACAMS identified cyber-enabled fraud as the third most pressing threat to the financial crime community and the offensive use of technology by criminals as the ninth greatest threat based on polling and engagement with AFC professionals. Read the alert here: https://bit.ly/4eotZLi #deepfakes #genrativeAI #fraud #AML #financialcrime #threats