Featured Posts
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
AARP offers up more scam prevention tips
This article in AARPs September/October Bulletin focuses on emotional triggers scammers use to manipulate you to act right away before you realize you are being scammed. Be aware of the tactics they employ and protect yourself from falling for them. Pause and reset as AARP recommends when you get a
Know your risk and act on it
Generating reports for regulators is part of a financial institution’s obligations but as stated here, to detect and prevent fraud you need to be closely examining fraud risk indicators and take decisive action to confront them every day in your operation. What lies behind the numbers and how can you
JPMorgan Chase taking action on fraud with fraud-fighting event
Leadership is one of the key ingredients to ‘dwindle swindle’ whether it be at a national level as Australia is showing or through major banks like JPMorgan Chase. This world leading bank set up an ambitious program to tackle fraud in November 2025 during International Fraud Awareness Week. It will
Friction should not be a dirty word in banking
Friction should be seen as necessary at times to get to the bottom of a transaction which is unusual and does not fit the normal pattern of a customer you have identified through good KYC work and ongoing monitoring. Mr. Olsen in this LinkedIn post covers why friction is necessary
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