Trendspotting: From Check Fraud, to Elder Financial Exploitation, and more...
Check Fraud: Innovating to Advance Prevention
In 2023, $21 billion, or 80%, of global check fraud took place in the Americas, primarily the U.S. As complex fraud scenarios such as washed and altered checks grow increasingly prevalent, financial institutions need an innovative solution that is continuously improving, using consortium data to enable machine learning and insight into deposit-side risk.
Industry expert Nick Pearson discusses the challenge of check fraud today, and the power of a multi-faceted approach to prevention — leveraging images, behavioral transactions, and insights into customer risk on both sides of a transaction for more effective detection with fewer false positives.
Nine Red Flags on Terrorist Financing from FinCEN’s New Advisory
The financing of terrorist activity threatens the integrity of the global financial system. Discover nine red flags on terrorist financing from FinCEN’s new Advisory.
FinCEN’s Financial Trend Analysis
Elder financial abuse is a major threat to America’s elderly. Discover insights into threat patterns and trend information on elder financial exploitation uncovered in FinCEN’s new Financial Trend Analysis.
Elder Financial Exploitation: Trends and Typologies
June 15 is Elder Abuse Awareness Day, with the aim to highlight the growth in crimes targeting the elderly population. Vastly underreported, elder financial exploitation (EFE) is estimated to impact countless elderly Americans each year and is a growing concern. Victims can lose their savings and investments - severely impacting their personal well-being and financial security.
In this panel conversation, industry experts discuss the scope of the problem EFE poses and the role financial institutions play in addressing and preventing them.
Elder Financial Exploitation: Trends & Threats
Highlighting the latest trends and threats in Elder Financial Exploitation, this infographic explores FinCEN’s recent Financial Trend Analysis, and other industry insights, to provide an overview of how elderly persons are targeted, and how financial institutions can help prevent this prevalent crime.
Financial crime is a $3.1T problem.
