The January 2023 Aite-Novarica Group report highlights ten key fraud and AML trends driven by rising scams, mule activity, synthetic identities, and application fraud amid economic uncertainty. Financial institutions are increasing investments in scam controls, first-party fraud defenses, and orchestration hubs to improve detection and customer experience. Collaboration across fraud, AML, and cybersecurity is accelerating, while KYB, check fraud prevention, and merchant onboarding are gaining focus. Automation is vital for efficiency, sanctions compliance is evolving post-Ukraine conflict, and dark web intelligence is becoming an essential tool in combating financial crime.

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