We're excited to honor International Fraud Awareness Week again this year. If you missed our post from last year, check it out here.
LegitScript joins the global effort to spread awareness surrounding the detection and prevention of fraud with a special webinar — Transaction Laundering: Best Practices for Detection and Mitigation.
Discover updated best practices for investigating fraud like transaction laundering, and learn why LegitScript is the industry leader in transaction laundering detection.
What Is International Fraud Awareness Week?
The Association of Certified Fraud Examiners (ACFE) established International Fraud Awareness Week or Fraud Week twenty-four years ago to raise awareness about fraud. LegitScript is honored to be an official supporter of the effort to raise awareness this November 17-23, 2024.
LegitScript will continue to demonstrate its commitment to detecting and preventing fraud. Come with us for a deep dive into how to detect and confirm transaction laundering.
How Does LegitScript Help Detect and Prevent Fraud — Like Transaction Laundering?
LegitScript differentiates between suspected and confirmed transaction laundering. The first step to confirming transaction laundering includes identifying a violative website that takes payments online. The investigation includes processing test transactions against sophisticated shell accounts to reveal data points that could be leveraged to identify the affiliated shell companies and merchant accounts.
LegitScript transaction laundering detection experts research suspicious activity and confirm fraud — saving hours of investigative work. We’re a trusted partner to the world’s leading banks, payment facilitators, and ISOs for our unique and comprehensive historical merchant data.
How are Generative AI Tools Used for Transaction Laundering?
Generative artificial intelligence (AI) or gen AI utilizes machine learning to compute user inputs and produce unique text, audio, images, and video content. It can also be used to scam consumers and/or create illegal and brand-damaging products.
LegitScript uncovered the use of generative AI tools to perpetuate fraud in their monitoring work — see the compiled findings.
LegitScript is Honored to Raise Awareness About Fraud this November
Join us in honoring Fraud Week with a special, updated webinar — Transaction Laundering: Best Practices for Detection and Mitigation.
Discover how to identify and combat fraud like transaction laundering, gain insight into strategies fraudsters use to acquire and maintain merchant accounts and analyze face-value websites.
