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Exposing Financial Crime

Criminals are smart, and detection capabilities need to be smarter and always adapting to stay one step ahead. Time to drive out pointless investigations and finding true malignancies hidden from existing rules and machine learning techniques. Join us for conversations and articles on how to refocus financial crimes investigations into actually stopping crime.

founded 18 May 2021

Simon Moss

CEO

Symphony AyasdiAI

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Micheal Sheehy Chief Compliance Officer at Payoneer

How to Combat the Looming Threat of DPRK Fincrimes

A joint advisory notice was issued to alert the international community, private sector, and the public, regarding the increased attempts by DPRK and DPRK IT workers to obtain employment as non-DPRK nationals. The impact of these attempts is far reaching, inundating freelancer platforms and introducing additional financial crimes risk on payment ...

16 April 2024 /regulation /crime

Grant MacDonald Director of Financial Crime at Experian

Uniting against financial crime: the crucial role of data sharing

Financial crime poses a serious threat to the UK economy, costing billions annually and undermining financial stability. The National Crime Agency estimates that the cost of money laundering in the UK stands at anything between £36 billion and £90 billion, costing an eye-watering £290 billion to the economy – it’s clear that action is crucial. Thi...

20 March 2024 /crime

Silvija Krupena Director of FIU at RedCompass Labs

Like Meta, banks have a responsibility to tackle online child sexual exploitation

Following National Child Exploitation Awareness Day, it is important to note that the online child sexual exploitation (CSE) model has shifted with social media. What we once thought could only take place in faraway lands is now also happening under our noses in our neighbourhoods. In North America and Europe, we are seeing an alarming increase i...

20 March 2024 /payments /crime

Helena Wood Head of Public Policy at Cifas

Tackling money mule abuse of the financial sector – no place to hide

Money laundering is the lifeblood of organised criminals – put simply, without the ability to move and convert criminal proceeds into “clean” money to fund further crime and the lavish lifestyle criminals aspire to, organised crime gangs cease to function. It has long been known that organised fraud gangs rely heavily on the use of networks of so-c...

22 November 2023 /regulation /crime

Michiel Droogsma Senior Manager at Valcon

The answer to solving financial crime lies in data

Financial institutions are engaged in a constant battle to fight money laundering, bribery, fraud, terrorist financing and corruption and adhere to sanctions levied against countries and individuals. And financial crime takes a massive toll – it puts global financial systems at risk, it negatively impacts economic growth and causes massive losses ...

16 November 2023 /security /crime

Greg Woolf CEO at Fiverity

Beyond The Blackbox: Elevating Fraud Detection with Transparent Risk Scoring

Technology has a vital role to play as financial institutions fight back against fraudulent activity, which continues to grow—Alloy's Annual State of Fraud Benchmark Report, 91% of respondents said that fraud rates have increased at their organization year-over-year. While solutions are available that help identify fraud, many lack visibility in...

13 September 2023 /regulation /crime

Naomi Grossman Learning and Content Manager at VinciWorks

Rough Diamonds: Is that really how money laundering works?

‘Rough Diamonds’, the recent television series that delves into the world of money laundering across Europe, depicts a world where criminals try to hide the illicit origins of their funds through different financial transactions. It involves the diamond industry in Antwerp, Albanian mobsters, London drug dealers, dirty money, and star-crossed love...

04 August 2023 /regulation /crime

Retired Member

15 years since Madoff and our obsession with financial crime continues

Can you believe it’s been 15 years since the Madoff scandal was uncovered? 15 years since the global financial crash. In fact, it was that incident that signalled the end for Bernie Madoff, the financial sociopath, who – under the guise of being a successful co-founder of the NASDAQ and one of the most successful stockbrokers on Wall Street – cunn...

03 May 2023 /regulation /crime

Sam Compton Director of Operations at Chetwood Financial & SmartSave

Tackling financial fraud: How threats are changing throughout the global downturn

Right now, households in the UK are facing some of the most challenging economic conditions in decades. Although economic forecasts have shown a touch of optimism in recent weeks, the economy is still reeling from the combined effects of the war in Ukraine and the pandemic. In particular, inflation has remained at elevated rates – contrary to the ...

06 April 2023 /retail /crime

Oliver Tearle Head of Technology Innovation at The ai Corporation

DARKTRACE IS CORRECT - SIX WAYS GENERATIVE AI ENABLED FRAUD THREATENS THE PAYMENTS INDUSTRY

Generative artificial intelligence (AI) has already had a pervasive impact on our lives, with many experts sharing their opinions on the technology’s industry changing commercial potential and how it might be used in future. I recently shared my thoughts on how the technology would change the payments industry, but while there are many positive ap...

09 March 2023 /payments /crime

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Micheal Sheehy
Chief Compliance Officer at Payoneer

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Grant MacDonald
Director of Financial Crime at Experian

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Silvija Krupena
Director of FIU at RedCompass Labs

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