FCPN Threat Assessment: Understanding Profiles of Scam Victims

FCPN Threat Assessments are joint strategic products developed from the knowledge shared between FCPN members. They are designed for reporting entities under section 142(b) of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 and are publicly available.

The assessments include case studies, indicators, and learnings from operations FCPN members have been involved with. The assessments aim to assist in the detection of financial crime and identify prevention and disruption opportunities.

In this Threat Assessment, Understanding Profiles of Scam Victims, the FCPN member banks have pooled their data and insights to look at high-level trends and demographics in confirmed scam, mule, and repeat victim cases. The paper identifies patterns and higher-risk customers and looks at mechanisms to better support victims of scams.