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Bank Fraud Task Force Member Identifies ATM Theft Suspect

BENEFITS

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Allows bank fraud investigators to identify over 3x as many ATM theft suspects

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Saved weeks or months as opposed to traditional investigative methods

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Helped prevent the suspect from stealing thousands more dollars from the bank

PROBLEM

BANK FRAUD TACTICS MAY BE SIMPLE BUT SOLVING A CASE CAN BE COMPLEX

Bank fraud can be as simple as opening a new bank account by depositing counterfeit checks and using an automated teller machine (ATM) to withdraw the funds before the bank identifies the checks as counterfeit. The account also may have been opened using a counterfeit identification card with a fictitious name. These practices make it challenging to identify the suspect.

 

Other investigative methods, such as checking the counterfeit checks for latent fingerprints, may yield enough information to identify the suspect. However, these procedures take weeks or months and are resource intensive.

 

The Williamson County Sheriff’s Office (TN) was investigating a bank fraud case in which the suspect had used an ATM to cash thousands of dollars’ worth of counterfeit checks. Because of the level of fraud that was committed, the case met the threshold for investigation by the U.S. Secret Service, and therefore the case was shared with a group of bank officials and investigators, Banks United Against Criminal Organizations (BUNCO), along with an image of the suspect taken from an ATM camera.

“They use a counterfeit check to deposit money then go to the ATM and withdraw it. By the time the bank realizes it’s a counterfeit check, they’ve already got that cash.”

SOLUTION

TIME IS MONEY

An AI-driven facial recognition solution can drastically accelerate the identification process. Facial recognition compares an uploaded probe image against a database of images. Law enforcement agencies use facial recognition results as investigative leads, and when supported by other evidence, they can accurately and rapidly identify suspects, persons of interest, and victims of crimes.

 

The technology Clearview AI provides is a post-event research tool, using over 40 billion photos derived from publicly available web sources, including social media posts, personal and professional websites, news articles, online mugshots and other criminal databases, public record sites and thousands of other open source records.

“The ATM cameras at the bank provide great facial images.”

THE RESULTS

THE NASHVILLE CRIMINAL INVESTIGATIONS DIVISION IDENTIFIES ATM THEFT SUSPECT