Chargeback Fraud

by KEMMAN | Aug 6, 2026 | Chargeback Fraud, Compliance, Financial Crime, First-Party Fraud, Fraud, Friendly Fraud, Scam

Friendly fraud, also known as chargeback fraud or first-party fraud, occurs when a customer disputes a legitimate charge on their credit card or payment account, claiming it was unauthorized or fraudulent. It’s called “friendly” because the person...

Friendly Fraud: The Growing Threat Hiding Behind Legitimate Customers

by KEMMAN | Aug 6, 2026 | Compliance, Financial Crime, Fraud, Scam

In today’s digital economy, merchants invest heavily in protecting themselves against stolen credit cards, phishing attacks, and cybercriminals. Yet one of the fastest-growing payment risks often comes from an unexpected source: the legitimate customer. Known as...

Better Use Of Artificial Intelligence (AI) in Financial Crime Risk Compliance

by KEMMAN | Aug 3, 2026 | Compliance, Crypto Currency, Financial Crime, Fraud, money laundering, Online Cryptocurrency Scams, Scams, Terrorism, Terrorism Financing

FinCEN Director Andrea Gacki testified before the U.S. House Financial Services Subcommittee on National Security, Illicit Finance, and International Financial Institutions on July 21, 2026. Her testimony provides a clear picture of FinCEN’s priorities and the...

Spoofed Numbers and AI Voices: The New Era of Phone Scams

by KEMMAN | Aug 3, 2026 | deceipt, Deception, Financial Crime, Fraud, Online Cryptocurrency Scams, Scams

Imagine receiving a call from your bank. The number on your phone matches the one printed on the back of your debit card. The person on the other end speaks calmly, knows your name, and sounds exactly like a professional customer service representative. They explain...

Identity Theft Fraud (IDT) and Synthetic Identity Theft Fraud (SIDT): Understanding the Threat, Recognizing the Red Flags, and Protecting Your Hard-Earned Money

by KEMMAN | Jul 14, 2026 | Compliance, Fraud, money laundering, Online Cryptocurrency Scams, Scam

By Emmanuel Kunda Kalaba, CAMS, CFE Introduction As digital banking, fintech services, and cryptocurrency continue to reshape the global financial landscape, fraudsters are becoming increasingly sophisticated. Two of the fastest-growing financial crimes affecting...

Account Takeover (ATO) Fraud: Understanding the Threat, Recognizing the Red Flags, and Protecting Your Hard-Earned Money

by KEMMAN | Jul 14, 2026 | Compliance, Crypto Currency, Digital currency, Financial Crime, Fraud, money laundering, Scam, Terrorism, Terrorism Financing

Introduction The rapid growth of online banking, mobile payments, fintech applications, and cryptocurrency platforms has transformed the way people manage their finances. Customers can transfer funds, invest, trade digital assets, and make payments from virtually...