Description:
Artificial intelligence tools can be incredibly useful in identifying potential fraud in real-time and assisting BSA Officers in efficiently analyzing large numbers transactions for suspicious activity. But…fraudsters are also enjoying the capabilities of AI technologies and are exploiting them in efforts to manipulate financial institutions and their accountholders for their own financial gain.
In this session we will dive into how the latest schemes and scams are generated using AI. We will discuss red flags and best practices for identifying AI-related fraud and avoiding losses to the financial institution and its accountholders. We will also take a look at the flipside of AI and how it can be a useful tool for financial institutions to identify, monitor for and combat fraud.
Learning Objectives:
- Discuss recent scams involving AI technology and how to educate your consumers and staff to avoid losses
- Detail how to update your policies and risk assessment to address AI-related risks
- Review FinCEN guidance and incorporate best practices into your BSA/AML/CFT program
- Learn how AI tools can enhance your suspicious activity monitoring and fraud detection efforts
Intended Audience:
This jam-packed session is designed for BSA Officers, Fraud/Risk Officers, and Compliance Officers.
Presenters:
Dawn Kincaid
Dawn Kincaid began her banking career while attending The Ohio State University. She has over 20 years’ experience in client service, operations, information technology, administrative and board relations, marketing, and compliance. Most recently Dawn served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized the implementation of new products and services.
April 9, 2026