EP679: How to spot financial grooming as a consumer, what to watch for as a banker

Richard Graham, Director of KYC and Financial Crime, Moody’s Analytics

According to the FBI’s Internet Crime Complaint Center (IC3), some $2.6 billion was taken in ‘pig butchering’ crypto scams. These financial grooming schemes build trust with targets over months before persuading victims to ‘invest’ savings in fake platforms. How can we spot this and how can we stop it? Richard Graham, Director of KYC and Financial Crime at Moody’s Analytics speaks to Robin Amlôt of IBS Intelligence.