The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued an alert to assist financial institutions in identifying fraud schemes involving deepfake media created with generative artificial intelligence (GenAI). The alert outlines fraud typologies, provides red flag indicators to detect and report suspicious activities, and emphasizes reporting requirements under the Bank Secrecy Act.

“While GenAI offers significant technological advancements, bad actors are exploiting it to defraud businesses, consumers, and financial institutions,” said FinCEN Director Andrea Gacki. “By remaining vigilant and reporting suspicious activities involving deepfakes, financial institutions can help protect the U.S. financial system and its users from abuse.”

FinCEN reports a rise in suspicious activity linked to deepfake media, including the use of fake identity documents to bypass verification systems. These schemes contribute to cybercrime and fraud, aligning with FinCEN’s Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) National Priorities.

This alert is part of the Treasury Department's ongoing effort to equip financial institutions with insights into both the opportunities and risks associated with artificial intelligence.

For questions, contact the FinCEN Regulatory Support Section at This email address is being protected from spambots. You need JavaScript enabled to view it..