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.

Matthew Salisbury CEO at Honey Badger

Wangiri 2.0 scam. Is your business protected?

I know what you’re wondering. Wangiri. What the heck does that mean? It’s a Japanese word meaning ‘one (ring) and cut’. So called because fraudsters make one ring calls to consumers from high-rate overseas numbers. Curious consumers see a missed call from an overseas number and call it back, thus a call is made to the high-rate number and revenue ...

08 February 2023 /security /crime

Gabriel Hopkins Chief Product Officer at Ripjar

Wirecard: Inside and Outside the Tsunami

There’s no shortage of articles in the press this week and last about the start of the prosecution of Wirecard executives for fraud, but how is it possible that such a large-scale fraud took so long to emerge? I first came across Wirecard in 2002. As has been detailed in Dan McCrum’s excellent book – they were an intriguing set of individuals. I ...

13 December 2022 /payments /crime

Jonathan Hancock Retail Fuel, Mobility Issuing and Fraud Solutions at The ai Corporation

‘Fighting Fraud: Breaking the Chain’

A review of The House of Lords Fraud Act 2006 and Digital Fraud Committee’s new report, ‘Fighting Fraud: Breaking the Chain’ “Fraud is the most commonly experienced crime in England and Wales today and represents a substantial national threat. If this were any other type of crime, this would be a matter of national importance.” Last week, on 12 N...

23 November 2022 /regulation /crime

Peter Thomas Managing Director at DLRT Ltd

Cash is King, could Cheque be right?

Our economy has taken some really tough hits over this past couple of years. COVID has been a defining factor in how we continue to operate and do business. We were already on the cusp of change with increased online and mobile payments offerings from new and emerging FinTech’s while our traditional High Street is under threat from the hasty retrea...

17 October 2022 /payments /crime

Simon Luke UK Country Manager at First AML

Education and dark money: Why independent schools need anti-money laundering

Following the events of the last year, there has been a significant focus on the dirty money that is circulating in the UK. Institutions of all kinds – including prestigious law firms and high profile banks – have all been issued warnings, if not penalties, for not being vigilant about the risk of money laundering. The attention doesn’t stop there...

11 October 2022 /security /crime

Steve Morgan Banking Industry Market Lead at Pegasystems

Fighting financial crime in 2022

A big topic for this Sibos (and most past ones too) is how to stamp out financial crime without disrupting or degrading high quality service experiences for the vast majority of honest (and very important and valuable) customers. As it stands, financial crime is skyrocketing with banks facing more and more challenges to manage risks effectively. A...

06 October 2022 /sibos /crime

Jason Grasso Customer Risk Business Unit Leader at Pega

Event Driven Know Your Customer Reviews….Yes it is Inevitable

In talking with clients about their strategy around perpetual or event based know your customer (“KYC”) risk approaches there are two different groups: firms that have started implementing an event based KYC approach and those that have not but understand that they will need to in the future. Change and transformation is hard. Firms need to s...

20 September 2022 /regulation /crime

Gian Mahil Director at The FinTechGuys

Scammers love unattended lockers!

Like a lot of other people, I love going to the gym and having a swim and sauna afterward. Going to the gym helps me to relax for a while away from the day-to-day grind. After the gym, I may go to the shops or grab a coffee. Just like millions of others every day. This means I need to have my phone and card(s) with me. However, as reported by the...

08 September 2022 /retail /crime

Jeremy Annis CEO at Ripjar

How can businesses handle the EU’s new cryptocurrency regulations?

To safeguard consumers, investors, and the market itself, the EU has for the first time put forward laws for bitcoin service providers. These measures will also promote fair competition and financial stability. The EU aims to ensure compliance among all member states by putting in place a legal framework. The goal of the new legislation is also to...

05 September 2022 /regulation /crime

Jason Lane-Sellers Director, Market Planning EMEA at LexisNexis Risk Solutions

The Truth About Digital Trust in Banking

The banking sector was named the most trusted overall by UK consumers in a recent study into digital trust by LexisNexis Risk Solutions. Banks got the highest share of votes (86%) from consumers when asked which sectors they most trust overall, and nearly two-thirds of UK adults (60%) said they trust banks most to keep their personal details safe ...

01 August 2022 /security /crime