These AI-generated deepfakes can be effective enough to deceive family and friends of the victim . They can also fool banks and other financial firms that utilize investment voiceprint verification systems , Lynam told Assembly Canada attendees .
At the Assembly in Las Vegas , the month before the Assembly Canada , the FBI ’ s Chad Linnerooth anticipated Lynam ’ s remarks when he told the ACAMS audience that the use of AI and deepfake technology by criminals will grow , fueling a whole new generation of scams , making fraud harder than ever to detect . For further discussion on this topic , I refer you to “ Exploring the role of generative AI in enhancing financial crime compliance ,” in the September- November issue of ACAMS Today and “ AI and the FDIC ’ s disaster-related regulatory adjustment ” on page 44 of this issue .
Even as we work to leverage these new tools to fight crime , a broader debate with frightening sci-fi elements is taking place : Is there a danger that the AI entities we are counting on to serve us could go rogue ? Think Isaac Asimov ’ s I Robot .
But AI , for good or for ill , is clearly here . Its potential uses were an AFC theme of 2023 ; the need to work together to master it for good is likely to be the task of 2024 .
Calling all ACAMS Today readers !
Assess your knowledge by taking the following quiz question from this issue :
Which of the following is not a type of financial abuse that was discussed in this issue of ACAMS Today ?
a )
Domestic financial abuse b ) Elder financial abuse c ) Employee financial abuse d ) Childhood financial abuse
DID YOU ANSWER CORRECTLY ?
Kieran Beer , CAMS chief analyst , director of editorial content Follow me on : @ KieranBeer
“ Financial Crime Matters with Kieran Beer ”
Visit the quiz index on ACAMSToday . org for more anti-financial crime quizzes !
( See bottom right of page for answer .)
1
Fred Williams , “ Toronto Reporter ’ s Notebook ,” ACAMS moneylaundering . com , November 20 , 2023 , https :// www . moneylaundering . com / news / toronto-reporters-notebook /
2
Ibid .
ACAMS Today | December 2023 – February 2024 15 Correct answer is c .