Accountants at risk of deepfakes

The rise of deepfake technology is creating a minefield when it comes to know your client checks and tackling fraud risks. Harriet Holmes, AML services manager at Thirdfort gives some tips on how to avoid the pitfalls

Regulatory compliance for accountancy professionals is becoming increasingly stringent, as fraud and money laundering risk continues to evolve. One area of growing concern is the use of deepfake technology to circumvent identity verification, as evidenced by a number of high-profile and costly incidents in recent months.

So, what are the risks? And how can compliance teams protect themselves against fraudsters using this technology?

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