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Financial institutions get alert from FinCEN to help identify AI fraud

( November 13, 2024, 17:06 GMT | Official Statement) -- MLex Summary: Financial institutions received an alert from the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) aimed at helping identify fraud schemes associated with the use of deepfake media created with generative artificial intelligence tools. The alert provides "red flag indicators" help financial institutions identify and report suspicious activity, and reminds them of their reporting requirements under the Bank Secrecy Act.Statement follows in full: ...

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