In this edition of the Financial CrimeCast, ACFCS speaks with Sarah Purcell, Product Specialist with Thomson Reuters, as she brings a cross-industry perspective to explaining some of the top fraud trends of 2024. Sarah gives insights on challenges that institutions are facing in account takeover attacks and fraudulent account openings, how to overcome these threats with enhanced data verification and behavior/device analytics, and a look ahead to some of the trends and issues likely to shape the fraud landscape in the coming year.

It may be hard to believe, but for many U.S. banks the largest source of fraud losses in 2024 was from… check fraud. Why is this fraud wave happening now, and what are banks doing in response? In this lively conversation on the Financial CrimeCast, we speak with Uri Rivner, CEO and Co-Founder of Refine Intelligence, to explore these questions and get answers.

What’s contributing to the rising costs of financial crime investigations, and what global regulatory trends are influencing investigative operations? For answers, join us for an illuminating conversation with Glenn Fratangelo, Head of Strategy and Marketing, Enterprise Risk Case Management at NICE Actimize.

Join ACFCS and Elizabeth Callan, a FinCrime and Sanctions SME with Symphony AI Financial Services, as we hit the highlights of major pending financial crime regulations in the U.S., discuss their impact for compliance programs, and provide advice on how you can prepare now to get out ahead of these changes.

In this episode of the Financial CrimeCast, ACFCS connects with Elsie Pan and Samrat Jain, industry leading technology specialists of the PwC Financial Crime Unit, to understand the current realities of emerging tech in financial crime prevention, how financial institutions are addressing long-standing challenges, and where they see low-risk and high-reward opportunities for AI use at financial institutions of all sizes.

The evolution of money is happening at warp speed. Cryptocurrencies are one major factor driving changes in the monetary world, but faster payments in fiat, the rise of open banking and more are also at play. As money transforms, are our regulatory frameworks and compliance programs keeping pace with the changes? In this episode of the Financial CrimeCast, we speak with Carole House, Executive in Residence at Terranet Ventures, and Dave Jevans, EVP of CipherTrace at Mastercard, for an insightful look at the current reality of a changing financial system.

As cryptocurrencies expand their role in the payments ecosystem, the burgeoning world of crypto assets presents both risks and potential rewards for issuers and acquirers. Crypto exchanges and other service providers can provide a lucrative customer base for banks and card issuers, but managing their risks can be a tricky proposition. How can financial institutions navigate this? Learn more from payments expert Steve Ryan, Chief Operating Officer with CipherTrace.

Will gen AI enable a new breed of financial criminal? Or can it be harnessed effectively to detect and counter attacks on banks and financial institutions? Along the way, how can we ensure that data is used properly and privacy is respected in the AI area? Get answers to these questions and more as ACFCS speaks to Charmian Simmons, SymphonyAI Sensa-NetReveal’s Financial Crime and Compliance Expert.

? In This Financial CrimeCast, we speak with Dori Buckethal, VP of Product Marketing – Risk and Fraud with Thomson Reuters, to understand the rising importance of “know your business” or KYB to protect organizations from B2B threats.

In part 2 of this series with OCR Labs, we’ll discuss what types of industries and companies actually need identity verification, strategies that companies are using to approach these identity challenges, and what to consider when verifying your customer identities.