On September 25, 2025, the ANTI-FRAUD FORUM – 2025, organized by Business-Format Group, took place in Kyiv at the Ramada Encore Kyiv Hotel. The event brought together professionals from compliance, financial monitoring, security, legal, and IT functions to discuss current challenges in fraud prevention and mitigation.
The Ethicontrol team joined the forum as an expo partner to engage with the professional community and demonstrate digital tools for incident management, whistleblowing channels, and support of anti-fraud and compliance functions within organizations.
The key focus of the forum was fraud as a systemic risk that evolves alongside technology, and the need to combine compliance, forensics, cybersecurity, and data analytics into a single, coherent risk-management approach.
Forum Agenda
Nazar Fyl (International Corporate, FinTech and Crypto Lawyer, PRIKHODKO & PARTNERS Law Firm)
ICO / IEO Scandals: Lessons from Investigations into Token Offering Fraud
The presentation focused on common fraud schemes in ICO and IEO projects, including fake startups with no real product, pyramid structures, pump-and-dump schemes, whitepaper manipulation, and fabricated partnerships. Using high-profile cases such as Terraform Labs, FTX, and CoinDash, the speaker demonstrated what “red flags” look like for investors and businesses long before a project collapses.
The practical part addressed DYOR and legal support: assessing regulatory status and technical security, preserving evidence (transaction hashes, whitepaper versions, correspondence), and building effective KYC/AML frameworks. Special emphasis was placed on cross-border risk management and early evidence preservation before disputes arise.
Stanislav Huliaiev (AI Governance & Security Lead, Raiffeisen Bank)
The Role of Artificial Intelligence and Machine Learning in Enhancing Cybersecurity
The speaker explained how AI and ML are already used to detect fraud and cyber threats through behavioral analysis, traffic monitoring, incident triage, and reduction of false-positive alerts. Automation was highlighted as a key factor in reducing human error and alert fatigue, which remain critical challenges for SOC and fraud teams.
At the same time, the darker side of AI was addressed: new risks such as data leakage, uncontrolled access to models, shadow AI, and vulnerabilities across the entire AI lifecycle. The key takeaway was that without proper AI governance, access controls, data protection, and runtime security, even advanced AI solutions may introduce new risk vectors.
Taras Miroshnychenko (Head of International Corporate Law and FinTech Practice, PRIKHODKO & PARTNERS Law Firm)
AML Sabotage: Legal and Extra-Legal Methods of Bypassing Financial Monitoring
This presentation examined modern AML evasion techniques in 2025, including layering, trust and nominee structures, the use of crypto assets, DeFi tools, and cross-chain transactions. Real international cases from the UAE, Malta, and France/Monaco illustrated how criminals disguise the origin of funds and why traditional AML approaches often fail.
Practical recommendations for businesses included adopting a risk-based approach (RBA), implementing KYT and blockchain analytics, conducting regular internal audits, and using legal support as a risk-mitigation tool. The core message was clear: AML sabotage will persist, but control mechanisms are becoming stricter and more technology-driven.
Svitlana Rudiuk (Tax and Web3 Lawyer)
Modern Technological Solutions in Combating Money Laundering
The speaker outlined key fraud trends in 2025, including phishing, social engineering, APP fraud, deepfake attacks, API compromise, KYC/AML manipulation, and crypto fraud. It was emphasized that most modern attacks combine technical and psychological elements.
The practical section focused on integrating technology with compliance: blockchain-based digital identity solutions, real-time KYC/AML automation, and transaction and user-behavior analysis using machine learning. The key conclusion was that technology alone does not guarantee security unless supported by policies, controls, and continuous staff training.
Oleksandr Horobets (Partner, Business Security Practice, Juscutum Law Firm)
Forensics as a Tool for Business Protection and Detection of Financial Misconduct
This session explored forensics as a practical instrument for identifying corporate fraud. The speaker explained how forensics differs from audit by focusing on facts, sources of information, and evidence suitable for criminal and commercial proceedings rather than formal reporting.
Case studies showed that the highest risks are concentrated in finance and procurement, while the absence of internal policies and controls leaves companies exposed. The key takeaway was that forensics should be embedded into the risk-management system, not used only after losses occur.
Volodymyr Buldyzhov (CISSP, CEO, H-X Technologies, LLC)
How to Protect AI Systems from Modern Threats: Assessing and Implementing AI Security
The presentation addressed AI as a dual-use technology: a powerful fraud-prevention tool on one hand, and a weapon for attackers on the other (deepfakes, ProKYC, prompt injection). The speaker systematically outlined AI risks, including model hallucinations, black-box decision-making, data leakage, training data poisoning, and adversarial attacks.
The practical section covered the full AI security lifecycle: threat modeling (CIA, STRIDE-AI), application of NIST AI RMF standards, secure architecture design, DevSecOps integration, AI penetration testing, and continuous production monitoring. The key conclusion was that AI security must be built by design and maintained continuously, not treated as a one-time assessment.
Ihor Shchedrov (Senior Expert, Operational Risk and Anti-Fraud Control Center, JSC Oschadbank)
Maturity Levels of Anti-Fraud Systems and Incident Management
The presentation examined the evolution of anti-fraud approaches—from reactive responses to mature, systematic fraud-risk management models.
The speaker described maturity levels ranging from the absence of formal processes to integrated, data-driven systems with defined roles, KPIs, and continuous monitoring.
Practical emphasis was placed on centralized incident tracking, clear investigation procedures, whistleblower protection, and using data for prevention. It was stressed that without a speak-up culture and strong management support, even the best tools remain ineffective.
Ihor Tsminskyi (Risk and Business Intelligence Expert, CSO at the “Children of Heroes” Charitable Foundation)
Fraud Risk Management and Protection of Business Reputation
The speaker focused on the link between fraud and reputational damage, demonstrating how even a single unaddressed fraud incident can escalate into a trust crisis involving clients, partners, and regulators.
From a practical perspective, the discussion covered early-warning tools such as counterparty due diligence, media and digital footprint monitoring, and internal reporting channels. The key message was that fraud risk management must be an integral part of overall risk and reputation management, rather than a standalone function.
Overall Impressions
The 2025 Anti–Fraud Forum clearly demonstrated that fraud is becoming faster, more sophisticated, and increasingly technology-driven. Effective responses require an integrated approach combining compliance, technology, forensics, and a strong culture of integrity.
Increasingly, organizations are adopting 24/7 digital solutions for incident management, whistleblowing, and anti-fraud control, with a strong emphasis on prevention rather than reaction.
We thank Business-Format Group for a meaningful and practical event and for fostering professional dialogue. Ethicontrol will continue to support initiatives aimed at strengthening compliance, combating fraud, and building a culture of integrity in business.