Peru's Superintendence of Banking, Insurance and Private Pension Fund Administrators (SBS), through its Financial Intelligence Unit, convened a session during its AML Prevention Week focused on how organized crime is using new technologies to support money laundering and terrorist financing. Paraguayan AML/CFT and compliance specialist Guillermo García Orué urged companies to get ahead of these risks by auditing their websites, policies and procedures and identifying weaknesses that criminals could exploit. The presentation highlighted the misuse of generative artificial intelligence to create text, images or code without specialist support, noting that less constrained versions of these technologies can be exploited for illicit purposes even if widely used tools such as Gemini or ChatGPT include guardrails. Deepfakes were described as an expanding threat, enabling identity impersonation, bank fraud and debt manipulation for extortion, alongside AI-driven hyper-personalised phishing campaigns at scale. Other misuse vectors discussed included automated creation of false content across media, deepfake-based evasion of know-your-customer controls to open accounts, large-scale automated attacks to detect exploitable patterns, manipulation of documents and credentials, and the use of AI as a “reverse auditor” to test institutional policies and procedures for control gaps.

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