Tag: financial crime

Adapting to emerging threats requires a comprehensive understanding of identification, translation, and assessment. Developing the Business Wide-Risk Assessment (BWRA) into a core part of our operations can greatly aid this process.

The concept of FRAML, the integration of Fraud and Anti-Money Laundering (AML), is radically altering the outlook of risk management and compliance in the financial sector. A recent webinar, led by the Electronic Transactions Association (ETA) and sponsored by Hawk AI, engaged a panel of Fraud and AML professionals to dissect the benefits and hurdles of FRAML.

In a recent post by Moody's Analytics, the company outlined three key pillars of third-party risk management. 

When it comes to navigating the challenges of economic crime, establishing a threat matrix can be a key way to steady the ship.

Global bank ING and data analytics software company Quantexa have announced a strategic partnership.

The Financial Conduct Authority (FCA), the UK's principal financial regulator, sent a pointed "Dear CEO" letter on 16 March 2023. Austrlian RegTech company Arctic...

Amidst growing acknowledgment of AI's prowess in uncovering fraud and financial crime, there remains a gap between those financial institutions (FIs) recognising its potential and those implementing it.

The escalation in compliance failures associated with managing financial crime risks has accentuated the need for regulated businesses to bolster their strategies. The evolution of the risk landscape, marked by the increasing sophistication of criminal networks employing innovative money laundering techniques, raises the stakes for regulatory compliance in 2023.

Global identity verification provider Veriff has partnered with RegTech firm Salv to strengthen the fight against financial crime.  

Resistant AI, a fraud and financial crime prevention services provider, has partnered with financial crime company Client Fabric Tech.