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Upcoming Summit to Explore the Intersection of Fraud and Anti-Money Laundering (FRAML) with a Focus on AI and Financial Crime Prevention

AI/MLUpcoming Summit to Explore the Intersection of Fraud and Anti-Money Laundering (FRAML) with a Focus on AI and Financial Crime Prevention

The growing use of artificial intelligence (AI) in combating financial crime has given rise to the term “FRAML,” which stands for the intersection of fraud and anti-money laundering. This will be a key topic of discussion at the upcoming ‘Fighting Online & Cyber Fraud Summit 2023’ scheduled for November 29 in Dublin, Ireland.

Renowned speakers will explore the latest technologies addressing vulnerabilities in traditional Fraud and Anti-Money Laundering (FRAML) solutions. As financial criminals adapt, the summit will focus on fortifying defenses in sectors such as banking, fintech, e-commerce, telecommunications, and more.

Delegates will gain insights into the evolving landscape of FRAML and learn effective strategies to combat financial crime by combining traditional methods with AI.

In related news, Pat Lordan, a prominent European fraud investigator who recently led Ireland’s ‘National Economic Crime Bureau,’ will chair a plenary session at the summit. The event is organized by AML Intelligence.

Pat Lordan served as the commander of the Garda National Economic Crime Bureau (GNECB) and will moderate a law enforcement plenary at the summit. The event will cover various topics, including the targeting of the transnational ‘Black Axe’ organized crime group, known for large-scale fraud activities across Northern Europe.

Pat Lordan’s career has been marked by significant achievements, including his role in developing a Post Graduate Certificate in Fraud and E-Crime Investigation in collaboration with University College Dublin. He also represented An Garda Síochána in the 2017 Financial Action Task Force (FATF) Review of Ireland. Pat emphasizes education and crime prevention as essential strategies for reducing fraud in the future.

 

By FCCT Editorial Team

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

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