Fraud Files
This type of fraud involves using someone else’s personal information to open new accounts or access funds.
What is identity theft?
This U.S. act requires financial institutions to help detect and prevent money laundering.
What is the Bank Secrecy Act (BSA)?
This two-word term describes using multiple steps to log in securely.
What is multi-factor authentication?
This hit Netflix documentary exposed the lavish scam of Billy McFarland, who promised a luxury island festival that never happened.
What is Fyre Festival?
This illegal practice involves breaking up large deposits into smaller ones to avoid detection.
What is structuring (or smurfing)?
This type of wire fraud scam typically involves a fake email from a CEO requesting an urgent wire.
What is Business Email Compromise (BEC)?
This is the threshold amount that triggers a CTR filing.
What is $10,000?
These fraudulent emails often ask users to click links or reset passwords.
What is phishing?
In “Catch Me If You Can,” Leonardo DiCaprio played Frank Abagnale Jr., who famously forged these to steal millions
What are checks?
This government agency enforces U.S. sanctions and is often involved in AML cases.
What is OFAC?
This acronym stands for the report financial institutions must file when they suspect fraudulent activity.
What is a SAR?
This office oversees anti-money laundering regulations and SAR filings in the U.S.
What is FinCEN?
This type of malware locks you out of your files until you pay up.
What is ransomware?
This TV show features Marty Byrde, a financial advisor who launders money through motels and strip clubs in the Ozarks
What is Ozark?
This 2020 U.S. law introduced a beneficial ownership registry to help fight money laundering.
What is the Corporate Transparency Act?
This AI-generated method of impersonation uses cloned voices to commit elder fraud.
What is voice cloning or AI vishing?
This form of exploitation disproportionately targets seniors through manipulation and pressure.
What is elder financial abuse?
This file type is commonly used to hide malware in email attachments.
What is a .zip file?
In the film “The Wolf of Wall Street,” Jordan Belfort’s scam centered on this type of stock scheme, inflating prices before selling off.
What is pump-and-dump scheme?
This FATF “list” identifies countries with weak AML/CFT controls, sometimes called the “gray list.”
What is the FATF list of Jurisdictions Under Increased Monitoring?
This 2023 fraud scandal involved fake accounts, internal manipulation, and massive fines for a major U.S. bank.
What is the Wells Fargo fake account scandal?
This keyword must be used in SARs related to elder exploitation per FinCEN guidance.
What is “EFE FIN-2022-A002”?
The process of impersonating a trusted sender to trick someone into acting.
What is spoofing?
This international bank fraud scandal was depicted in the 2019 film “The Laundromat,” starring Meryl Streep and Antonio Banderas.
What is Panama Papers?
This three-stage process describes placement, layering, and integration.
What is the money laundering cycle?