Executive Summary AI-enabled fraud is reshaping financial trust because it can fabricate the evidence that banks were built to verify. The issue is no longer limited to stolen credentials or reused personal information. Generative AI can support synthetic identities, forged documents, cloned voices, manipulated video, executive impersonation, payment narratives, and fraudulent accounts used to receive or launder funds. The evidence base points to an urgent control shift. FinCEN has documented suspicious activity involving suspected deepfake media and fraudulent identity documents. The FBI recorded 22,364 complaints carrying an AI-related descriptor and $893.3 million in a…
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