American financial institutions face an escalating challenge: criminals are systematically weaponizing US bank accounts to move, disguise and launder illicit funds. Over the past five years, evidence ...

Fraudsters can open bank accounts using stolen personal information like your name, address, Social Security number, and existing account details. Check for unauthorized accounts by reviewing ...

Mortgage loan fraud was cited in 54% of suspicious activity reports (SARs) referencing bankruptcy fraud in 2010, up from 42% in 2009, the Financial Crimes Enforcement Network (FinCEN) reported. The ...

Kinil Doshi is a Senior VP at Citibank and a fintech expert in banking compliance and risk management with two decades of experience. In this article, I want to explore AI applications in fraud ...

(Bloomberg) -- On Oct. 9, the US Justice Department issued an indictment against New York Attorney General Letitia James, alleging bank fraud and false statements to a financial institution related to ...

Zions Bancorporation’s massive loss sparks fears about hidden problems across America’s banking system A stunning fraud case has sent shockwaves through America’s banking system, leaving customers and ...