Financial crimes predictions for 2023

For many, fraud and money laundering has hit overdrive ? check fraud, card fraud, postal carriers being robbed at gun point, and daily scams. The downturn in the economy this year appears to be fueling new fraud risks. Americans reported to the Federal Trade Commission (FTC) a record $3.56 billion lost to online fraud in the first six months of 2022. That is nearly a 50% increase from the same period a year ago and is only expected to increase in 2023 as scam tactics evolve and the uncertain economic situation continues. What does this mean for the financial industry as we head into a new year? Below outlines what financial institutions should keep an eye on along with strateg...

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