As fraudsters leverage advanced AI technologies available on the Dark Web for identity theft, phishing, deepfake creation, and more, professionals in anti-fraud fields must stay informed about these evolving threats. Through real-world examples and expert insights, we will explore how these tools are being used to conduct fraud at unprecedented scales. The session will also offer actionable solutions, highlighting both AI-driven countermeasures and the indispensable role of human intelligence and intervention in combating these digital risks. Participants will leave with a deeper understanding of the capabilities of AI on both sides of the fraud equation and how to enhance their defenses against it.