In this session we will dive into how the latest schemes and scams are generated using AI. We will discuss red flags and best practices for identifying AI-related fraud and avoiding losses to the financial institution and its accountholders. We will also take a look at the flipside of AI and how it can be a useful tool for financial institutions to identify, monitor for and combat fraud.
What You’ll Learn
- Discuss recent scams involving AI technology and how to educate your consumers and staff to avoid losses
- Detail how to update your policies and risk assessment to address AI-related risks
- Review FinCEN guidance and incorporate best practices into your BSA/AML/CFT program
- Learn how AI tools can enhance your suspicious activity monitoring and fraud detection efforts
Who Should Attend
This informative session is best suited for BSA Officers, Fraud/Risk Officers, and Compliance Officers.