As domestic protections are implemented, criminals continue to evolve their tactics to defraud your customers. Financial institutions in the UK are beginning to prepare for the next generation of payments fraud – international schemes. These scams across borders are often high-value and irrevocable – making them the perfect target for criminals. Protecting against international payments fraud requires detection that transcends borders – leveraging insights from thousands of financial institutions to provide the true picture of risk.

With reimbursement requirements pressing ahead, protecting your institutions from the threat of significant losses has never been more important. Ensuring your institution is prepared for the next developments in payments fraud scams is essential to protecting yourself and your customers from severe financial consequences.

Join industry experts Jonathan Frost and Mauriceo Castanheiro as they dive into the following topics and more:

Reflections and learnings from previous cases on strengthening domestic rails and the subsequent increase of international payments fraud.
Best practices on practices for detecting international payments fraud across borders, leveraging consortium approaches.
The benefits of collaboration across financial institutions to mitigate external factors in detecting and preventing international payments fraud.

Area of expertise:

Economic Crime Payments, Innovation & Resilience

Christine Farrow

Principal, UK Finance

Jonathan Frost

Consultant, Vox : Veritas : Vita Consulting

Jonathan led the development of the UK's National Fraud and Cybercrime Reporting system during his tenure at the City of London Police. With over a de...

Jonathan led the development of the UK's National Fraud and Cybercrime Reporting system during his tenure at the City of London Police. With over a decade of experience in fraud and cybercrime analysis, he possesses extensive knowledge of the UK’s fraud threat picture.

Recently, he served as the Director of Technical Collaborations at Stop Scams UK, working with companies like Meta, Google, and BT to combat fraud at source. Before that, he worked at Faculty.ai, a leading provider of AI and machine learning solutions.

Currently, Jonathan works as a freelance consultant in the field of economic crime and remains an active participant in the Global Anti-Fraud Network (GAEN), fostering collaboration among 30 law enforcement agencies from 11 countries.

Mauriceo Castanheiro

Fraud Industry Expert, Verafin

Mauriceo Castanheiro (CFE, CAMS) is a Product and Industry Expert at Verafin with over 20 years’ experience fighting fraud in the financial industry. ...

Mauriceo Castanheiro (CFE, CAMS) is a Product and Industry Expert at Verafin with over 20 years’ experience fighting fraud in the financial industry. Having held key positions in fraud management at two of Canada’s largest banks, including roles in business intelligence, operations, analytics and strategy, Mauriceo brings a wealth of experience to Verafin and his work informing the development of innovative solutions to fight financial crime.

Verafin

Verafin, a Nasdaq company, offers enterprise Financial Crime Management solutions, providing a cloud-based, secure software platform for Fraud Detecti...

Verafin, a Nasdaq company, offers enterprise Financial Crime Management solutions, providing a cloud-based, secure software platform for Fraud Detection and Management. Over 3800 financial institutions worldwide use Verafin to effectively fight financial crime. Verafin combines industry-leading customer-based behavioural analytics with powerful consortium-based counterparty insights to fight a range of criminal activity, including payments fraud.