Global scam networks are using artificial intelligence, deepfakes, and cryptocurrency infrastructure to industrialize fraud, inflicting tens of billions of dollars in annual losses, the Financial Action Task Force warned in a report published November 5, 2026. The report, Combating End-to-End Illicit Financial Flows Linked to Scam Compounds, describes a criminal ecosystem that extends beyond fortified […]
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Global Scam Networks Use AI, Deepfakes, and Crypto to Steal Billions From Victims, FATF Warns