Financial Institutions of all stripes are grappling with the uptick of money laundering accounts in their portfolio today. The source of this money can be various: newly opened accounts where ill-gotten funds are deposited and then transferred out, accounts taken over without the knowledge of the account holder and then used to launder money and lastly, gullible consumers who are duped into sending money to criminals in a variety of scams.
All of this bad money often lands into a web of interconnected accounts that are used to launder it.
In this webinar, we are going to discuss:
– The common fraud schemes that are in use today
– The new-age technology that is effective in protecting against them
– How the fraudsters are evolving their new attack vectors
– The biggest pain points for all banks and fintechs
– Why you need an additional layer of defense beyond PII and device controls