Navigating the Risks of Generative Artificial Intelligence in Financial Crime: A Board Training Course

Course Overview

When the Daily Telegraph reports that cyber-attacks are becoming so frequent, malicious and costly that they risk triggering bank runs, according to the International Monetary Fund and it is becoming nye on impossible to tell the difference between an avatar and a real person, firms need to understand the associated risks.

This training course is designed to provide board members and senior management within financial services firms a deep understanding of the risks related with generative artificial intelligence (GenAI) in the context of financial crime.

The course covers key concepts, regulatory considerations, and includes a practical demonstration focusing on the potential risks introduced by GenAI in social engineering through the fusion of Open Source Intelligence (OSINT) searching and GenAI techniques.

Learning Objectives

• Understanding the unique risks introduced by Generative Artificial Intelligence in financial crime.
• Recognition of the link between GenAI and social engineering tactics.
• Strategies for mitigating GenAI risks, with a focus on social engineering.
• Practical insights through a live demonstration of OSINT and GenAI integration.
• Best practices for governing the use of GenAI in financial services.

Course Modules

• Session 1: Introduction to GenAI in Financial Crime
• Session 2: Risks and Challenges of GenAI
• Session 3: Practical Demonstration
• Session 4: Best Practices and Future Considerations