How to spot a fraudster

Moody’s Talks: KYC Decoded

Reflecting on a time you were deceived, did you ever pause first to ask yourself the most rudimentary question: does this make sense? Overlooking this question can lead to bad outcomes for consumers, businesses, and society alike.
The art of deception is nothing new, and neither are the subsequent feelings of humiliation and fear victims are left with.
Fighting financial crime takes on different forms across various departments, but in this episode of KYC Decoded, we focus on fraud prevention. Joining host Alex Pillow are fraud experts, Greg Richardson, Senior Director of Global Sales at NeuroID, and Kyle Caldwell, Senior Vice President of Fraud Product Management at M&T Bank. Their conversation covers:

• The many different guises of fraud
• How fraudsters steal information
• The impact fraud has on institutions, law enforcement, and practitioners
• The critical relationship between highly intelligent fraud specialists, quality data, and advanced technology when fighting sophisticated criminal networks

If this episode left you hungry for more information on fraud, here are some additional resources:

• KYC Decoded episode, Book club: The Lazarus heist
• Luke Raven’s LinkedIn post comparing fraud and anti-money laundering
• Tech coalition website
• Frank on Fraud website
• Infamous Ghost Money YouTube channel
• Our blog, NRRP anti-fraud measures intensify across the EU

And, if you are ready to take your fight against fraud another step further, please visit our website and get in touch. We would love to hear from you.