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.

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

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