Announcements
Decision Intelligence is the Key To Stopping Modern Slavery And Human Trafficking
Human trafficking and modern slavery violations are happening across the world. Find out more about what financial institutions need to know about anti-slavery operations Human trafficking and slavery have reached epic proportions worldwide fuelled by wars, economic crises, climate change, political unrest, and demographic…
Welcome to the Group
✔️Don't forget to 'join' this group, once you have joined you will be able to participate in conversations within the group. It will also mean you can stay up to date with all the latest. As the cliche goes, it takes a network to catch a network! We're delighted you have joined the growing global Financial/Economic Crime…
Financial Crime User Group Tags
Please click on the following tags to explore specific areas within financial crime: Trade AML Markets AML Correspondent Banking
Discussions
All Investigations are created equal…right?
Intelligence-Led Investigations: Simplifying the Chaos There’s an open investigation. We’ll investigate. An investigation is underway. Everyone has heard of these terms before. For some, the terms might transport them to a classic Sherlock Holmes novel, or perhaps a gritty detective show that enthralled them. But for…
TransUnion: Synthetic Identity Fraud Growing to Record Levels
As origination volumes for some credit products slow, a new TransUnion analysis finds fraud risk is continuing its upward trajectory as fraudsters employ increasingly sophisticated tactics to target lenders. TransUnion found that synthetic identity fraud continues to be among the most prevalent, especially in the auto…
Advancing Correspondent Banking Insights: Identification of non-customer entities
In the world of correspondent banking, a significant challenge lies in unravelling the intricate web of relationships and managing onboarding processes for respondent banks. The importance of these elements becomes clear when considering the bigger picture. Equally essential within the scope of correspondent banking's…
Did you know we offer an AML Investigator Program through the Quantexa Academy?
This program teaches individuals how to combine many of the key components of the Quantexa platform that they have learnt about in the Quantexa Foundations program in such a way as to facilitate their ability to conduct an AML themed Investigation. (Duration: 4 days) Having completed the program, learners will understand…
Laundering the proceeds of crime through underground banking schemes & the importance of context
"Reporting entities are to consider the facts, context and money laundering indicators of a transaction. When these elements are viewed together, they create a picture that is essential to differentiate between what may be suspicious and what may be reasonable in a given scenario." (FINTRAC Canada | CANAFE Canada, 2023)…
How innovation is helping organizations navigate complexities of Capital Markets AML
Join Andrea Walser, @Sheryl_Wharff and @Manish_Gupta for a short Fireside Chat session where they discuss evolution of transaction monitoring landscape and how contextual monitoring and advanced technologies can help organizations in enhancing their capital markets AML controls. You can also read our Anti-Money Laundering…
How Contextual Monitoring is a game changer for Correspondent Banking AML
Join @Marta_Chowaniak and @Brian_Ferro for a short Fireside Chat session to learn more about Correspondent Banking and how next generation monitoring can help: Overarching topic: What can institutions do to improve their AML monitoring capabilities in the Correspondent Banking space. Can leveraging Entity Resolution and…
Anti-Money Laundering in Capital Markets: Time to Embrace Innovation
Detecting money laundering risk in capital markets is a challenge which the industry has long struggled to effectively overcome. It is clear that the traditional rule-based transaction monitoring systems are not working and capital market firms need to adopt new technologies and approaches to stamp out money laundering.…
ACAMS Europe - still time to register for the roundtable next week
With just a few days to go, it promises to be another great conference with a lot of focus on topics including sanctions circumvention, shell company detection, UBO intelligence and how to make the best use of your technology and resource investment to help meet these challenges - now and in the future. These topics and…
Network Analysis of ICIJ data shows how to stop Russian oligarchs in their tracks
I thought this was really cool and wanted to share. Complex systems of secrecy: the offshore networks of oligarchs: and to really rein in Putin’s allies’ wealth, governments should target their financial enablers, a new study suggests, read more here:
