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Call To Action
Draft write-up to initiate action in the House of Commons to bring in legislation that will do much more to protect our vulnerable and targeted seniors from being defrauded A petition to the House of Commons in April 2023 to protect seniors in particular from losing their lifetime savings and
Scammers know victim-blaming can be weaponized to suppress retribution
If there is a message to victims of scams, is you have to realize it can happen to anyone depending on the situation you are in, so to live in shame for the rest of your life is unproductive and not helpful to you moving on and possibly getting retribution
Analyst explains Bank of America enforcement case
This explanation by Mr. Tripathi will bring more understanding to issues banks need to address if we are going to do better at preventing fraud and money laundering. In the case below, Bank of America was fined $1.2 billion for failing to meet its AML obligations satisfactorily. This post is
Hefty $1.2 billion fine levied against Bank of America
Ongoing coverage will continue to assess and attempt to understand how such a leading and major US bank can be so lax in its failure to do what it is required under federal legislation and regulations. For all the transactions Bank of America did not scrutinize to determine if they
Go Public calls out financial institutions in Canada
This media expose by CBC News shows Canada has a serious fraud problem and the victims cited here are just the tip of the iceberg. Most victims are too ashamed and embarrassed to file a claim, so losses are far higher than what is reported through the Canadian Anti-Fraud Centre
Where are you sending your money?
Before sending your money anywhere, domestic or international, do you know the account and who is behind it? You need to verify it independently if someone you do not know is telling or directing you in wire instructions what account to send money to? This LinkedIn post gets into you
Transaction monitoring a key to preventing fraud
As this fraud and AML professional indicates, red flags give reason to investigate further. You need to recognize them and act immediately to ensure the transaction is legitimate. In doing so, it can be the difference between stopping a fraudulent transaction and not sending money into the hands of proceeds
EDD is an additional safeguard and control to prevent fraud
In this current environment, where fraud through enabled AI, is so prevalent and pervasive within our global financial system, our financial institutions as frontline gatekeepers from keeping the wolves from getting your money must adopt a fraud prevention framework which delivers results, not reports after the fact. Enhanced Due Diligence
Protect highlighted at this TD Bank reimagine meeting
Consumers of banking whether with TD Bank or other financial institutions, would wholeheartedly agree and support the message delivered here by Sophia Leung of TD Bank. Given the financial losses customers of banking are experiencing through various scam schemes to remove them of their money, what safeguards can banks put
Are you protecting your customers from fraud?
The LinkedIn post below does a good job of succinctly describing a “typical fraud investigation cycle” with the aim of protecting customers and reducing financial risk. Shashank Deshmukh Aspirant Investment Banking Operations Professional | CIBOP Program | B. Com | LLB | Financial Market Enthusiast | Banking Operations | Capital