Criminals can open bank accounts in the names of other people and businesses - foiling bank account name checks. Coupled with the emerging threats of voice cloning and deepfake technology, criminals now have more tools that could enable them to succeed in stealing client money.

In this whitepaper we cover:

• the threat of fake companies and bank accounts
• the risks of bank account name checks
• voice cloning, deepfakes and communication intercepts
• fake firm bank details
• the warning signs to look for
• how open banking can reduce the risks