Aside from providing an overview of the latest and anticipated fraud and money laundering typologies and vectors, this session will explore a range of issues including:
- Cybersecurity Threats and AI-Driven Attacks
Artificial intelligence (AI) is being weaponised by cybercriminals to conduct highly sophisticated attacks. Techniques like deepfakes, voice cloning, and advanced phishing are making fraud more convincing and difficult to detect.
- Ransomware and Data Breaches
Ransomware attacks remain a major threat according, inter alia, to the World Economic Forum’s 2025 Global Cybersecurity Outlook, with criminals exploiting vulnerabilities to lock down company data and demand large payments.
- Authorised Fraud and Social Engineering
Organised criminal networks are increasing their use of social engineering tactics, convincing individuals to willingly transfer funds or provide sensitive information. The ACAMS Global AFC (Anti-Financial Crime) Threats Report 2025, for example, ranks ‘authorised’ fraud among the most significant global financial crime threats.
- Sanctions and Export Control Evasion
The evasion of economic sanctions and export controls is on the rise due to increased geopolitical instability. Illicit actors are exploiting complex supply chains and professional intermediaries to bypass restrictions.
- Quantum Computing Risks
The future impact of quantum computing on encryption could be dramatic. If current encryption methods are compromised sensitive financial data could be at risk.
- Regulatory Changes and Compliance Challenges
The regulatory landscape is evolving rapidly. In the UK, for example, the new failure to prevent fraud offences within the Economic Crime and Corporate Transparency Act 2023 places greater responsibility on companies to detect and prevent fraud within their operations.
