Financial crime Events & webinars 2 October 2023 Meet Us at ACAMS in Vegas October 2-4 Learn how you can uncover hidden risks and protect your organization from financial crime. Schedule a meeting and visit booth 434. 1 minute read
Financial crime Knowledge & training What is fraud prevention, and why is it important? Firms typically focus on improving their fraud prevention and detection measures to mitigate risk and reduce financial losses. But what is fraud prevention, and how does it differ from fraud detection? Are the two functions completely separate? Most importantly, what… 9 minute read
Fraud Events & webinars Detect, Deter & Defend: The Importance of AI for Effective Fraud Detection Explore the tangible benefits of AI-driven fraud detection, from improving operational efficiency and reducing false positives to mitigating risk. 1 minute read
Financial crime Knowledge & training What is the difference between smurfing & structuring? In the intricate world of financial crimes, there are numerous techniques employed by individuals and criminal organizations to obscure their illicit activities. Among these techniques, two common practices stand out: smurfing and structuring. What is structuring? Structuring occurs when someone… 4 minute read
Fraud Knowledge & training What is first-party fraud? First-party fraud (FPF) is a type of fraudulent activity where an entity deliberately engages in deceptive practices or provides false information to defraud a company or organization from within. A unifying factor behind various types of first-party fraud is that… 6 minute read
Fraud Knowledge & training What is credit card fraud? Credit card fraud is one of the most common types of identity fraud. Its prevalence rose significantly during the coronavirus pandemic, with fraudulent credit card applications up 17 percent in the first month of the pandemic alone. And this has… 6 minute read
Financial crime Knowledge & training Embezzlement vs money laundering: What is the difference? While embezzlement and money laundering are both financial offenses that often involve the movement of large sums of money, the terms are far from interchangeable. According to the United Nations Office on Drugs and Crime (UNODC), between two and five… 5 minute read
Financial crime Gaming & gambling Knowledge & training Understanding money laundering in casinos Cash-intensive facilities that utilize complex transaction chains often attract criminals looking to launder illicitly obtained funds. Casinos fall into this category, offering gamblers anonymity and the ability to transact large amounts of money at a rapid scale. While the market… 7 minute read
Financial crime Knowledge & training Understanding money laundering in real estate According to the Organisation for Economic Co-operation and Development (OECD), money laundering through real estate is one of the oldest known ways to move and hide illicit funds. Often viewed as a popular means to “wash” funds because large amounts… 7 minute read
Financial crime Knowledge & training Red Flag Indicators of 2023’s Top Financial Crime Typologies The shifting typologies financial crime compliance professionals seek to identify, monitor, and report on reflect the volatility of the wider economic landscape. But in addition to commonly known and understood risks, such as money mules, a host of typologies are… 8 minute read
AML compliance Knowledge & training 5 AML reputational risk considerations for 2023 In our State of Financial Crime 2023 survey, more than one in three senior compliance professionals cited reputational risk as the factor most likely to drive change within their organization. This was a 6 percentage point rise from the previous… 6 minute read
AML compliance Knowledge & training Why Crowdfunding is a Top AML Risk for 2023 Protests across Ottawa and US-Canada border crossings in 2022 brought global awareness to the problem of crowdfunding platforms being used to finance extremist groups. Crowdfunding has also supported terrorist financing (TF) – notably, for Islamic State (IS) operatives in Syria. 4 minute read
