Author page: Admin_CAFC

As a society, fraud has run rampant for many years. There is always a desire to cheat the system and find a way to make money. Since COVID, the influx in these cases has risen at an exponential pace. The finance industry has worked tirelessly to control the rise of fraud cases but with the evolution…

The rise of real-time deepfakes presents a new and transformative threat in fraud. A deepfake is a digitally altered video or voice designed to represent someone else, typically used maliciously or to spread false information. However, with advancements in technology, criminals are no longer limited to pre-recorded manipulations. They can now deploy deepfakes in live interactions, creating a seamless…

We are excited to announce the launch of the Coalition Against Financial Crime (CAFC), a groundbreaking initiative dedicated to fostering unparalleled collaboration across all sectors engaged in the fight against financial crime. Our mission at CAFC is clear and resolute: Bridging Communities For A Safer Financial World ™. We aim to achieve this by developing…

Olamikan Gbemiga / Associated Press - Tigran Gambaryan attends a court hearing at the federal High Courts, in Abuja, Nigeria in April 2024. The highly publicized detention of Tigran Gambaryan in Nigeria has sent shockwaves through the global anti-financial crime (AFC) compliance community. Gambaryan, the head of financial crime compliance at Binance, was detained in February…

Robocop 1987 Film - Clarence Boddicker, You Are Under Arrest The U.S. Department of the Treasury's recent exploration into Artificial Intelligence's (AI) role in enhancing Anti-Financial Crime (AFC) efforts presents an in-depth examination of current practices and future potentials. The report provides insights into the challenges and opportunities that lie ahead in integrating AI into…