Cryptocurrency investment scams are leaving thousands of victims devastated. Fraudsters exploit online relationships — whether professional, platonic or romantic — to lure victims into fraudulent crypto investments, promising lucrative returns.
To combat this growing crisis, the FBI launched Operation Level Up, a new initiative that has already saved over 4,300 potential victims from losing an estimated $285 million.
In this episode of ACAMS Live, Craig Timm, Senior Director of AML, ACAMS, is joined by James Barnacle, Deputy Assistant Director of the FBI’s Criminal Investigative Division, to discuss how financial institutions and professionals can help detect and prevent crypto investment fraud.
This discussion covers areas such as:
🔴 The latest trends in crypto scams and their devastating impact
🔴 How Operation Level Up is intervening to minimize financial losses
🔴 Strategies for financial institutions to detect red flags and protect customers
Don’t miss this opportunity to learn how you can help combat financial fraud.
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