10 Detection Scenarios to Prevent Card Fraud

Prevent Card Fraud with these 10 essential rules every financial crime prevention professional should know! In this video, we dive into effective strategies to detect and prevent card fraud, from monitoring unusual spending patterns to implementing device fingerprinting. Learn how to safeguard against fraudulent activities by understanding high-risk merchant categories, velocity checks, and more. ▬▬ SPECIAL OFFERS ▬▬ 💼 Join my *Patreon* community for exclusive Q&As and behind-the-scenes content: https://www.patreon.com/FCAgent 🎓 Get *20% off* AGRC Certifications with code *FCA20*: https://fincrimeagent.elearning.lgca.uk/ ▬▬ SUBSCRIBE & SUPPORT ▬▬ 🔔 Subscribe to *FinCrime Agent* and hit the bell to get notified: https://bit.ly/2WQxrcT 💬 Drop a comment to share your thoughts or questions 💲 Want to support the channel? Send a *Super Thanks* below the video! ▬▬ CHAPTERS ▬▬ 00:00 - Intro on Prevent Card Fraud 00:33 - Rule 1: Monitor Unusual Spending Patterns 01:01 - Rule 2: Velocity Checks 01:32 - Rule 3: Geographical Anomalies 01:59 - Rule 4: High-Risk Merchant Categories 02:47 - Rule 5: Multiple Declined Transactions 03:33 - Rule 6: High-Risk CNP Transactions 04:27 - Rule 7: Immediate Withdrawals Following Deposits 04:48 - Rule 8: Unusual Account Changes 05:18 - Rule 9: Device Fingerprinting 05:38 - Rule 10: Detecting Muling Activities in Card Transactions ▬▬ CONNECT ▬▬ 🌐 All my links in one place → https://linktr.ee/fincrimeagent ▬▬ DISCLAIMER ▬▬ This video is intended for general informational or entertainment purposes only. The views and opinions expressed in this video are those of the author and do not necessarily reflect the original policy or position of people, institutions, or organizations that the owner may or may not be associated with in professional or personal capacity, unless explicitly stated. Furthermore, no endorsement of any criminal activity is expressed or implied. PARTNERSHIPS & AFFILIATIONS: For transparency, the video you just watched is NOT sponsored. Some of the links included in this space are affiliate links, and I could earn a small commission if you make a purchase. This will be at no extra cost to you and will allow me to continue making more videos like this one. © Marco Beranzoni - All rights reserved. No part of this video presentation may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, mechanical, electronic, photocopying, recording, or otherwise without the prior written permission of the owner. #FinCrimeAgent #FATCA #AMLCompliance