Tags Financial crime

Tag: financial crime

How AI is transforming financial crime detection

As the financial market hits a very turbulent period, the risk of financial crime will only increase. But how can firms ensure they are prepared?  

ComplyAdvantage names Vatsa Narasimha as new CEO

Financial crime detection company ComplyAdvantage has named Vatsa Narasimha as its new CEO, as founder Charles Delingpole and current CEO transitions to executive chairman role.

Germany announces plans to create new financial crime authority

Germany is intending to create a new financial crime authority that would seek to bring together several areas under one umbrella, according to Reuters.

The role of public-private partnerships in fighting financial crime

Money laundering, terrorism and financial crime are all growing threats globally that are impacting financial institutions. How can these challenges be combatted?

25% of UK risk experts fear bribery and corruption risks will...

A quarter of UK risk experts expect bribery and corruption risks for their company to increase this year compared to 2021, according to a report from Kroll.

Has the pandemic changed financial crime?

In a world that is continuing to become more connected and less restricted by place, there are growing challenges surrounding the increasingly fluid nature of financial crime. Prior to 2020, financial crime in the digital world was already growing. However, with the onset of the pandemic, this practice was set to skyrocket.

How can insurers identify and prevent vehicle crime?

Car accidents and vehicle breakdowns are an unfortunate but mostly unavoidable part of life for the global population. However, victims in these cases can someone be easy targets for scam artists.

UK Treasury Committee calls for government action on fraud and scam...

A new report by the UK’s Treasury Select Committee has called on the government to work harder to tackle the ‘growing fraud epidemic’ in the UK.

Digital transformation, hybrid working and ESG – RegTech trends to watch...

After a strong 2021, many RegTech companies are looking ahead to the new year with optimism for another year of advancement and greater innovation. With the pandemic still raging on, 2022 could be another year for RegTech companies to further ingrain themselves into the system. What trends should the industry look out for this year?

FCA slapped UK finance firms with £568m in fines in 2021

During a year of heightened financial crime, the Financial Conduct Authority (FCA) handed out £568m in fines during 2021.

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