Managing change is never easy. In a traditionally human-oriented industry, anti-financial crime professionals have struggled not only with the emergence of increasingly high-tech threats but also with the development of high-tech solutions. In other words, things are getting more complicated – and not everyone is prepared. While tech-savvy executives and...

The past twenty years have seen digital solutions take over the world, and the market for financial crime prevention technology is vast. From one-size-fits-all tools to tailor-made software, technology offers more solutions than ever before – the only problem is finding it. Between costs, capabilities, and competition, determining the right...

Fighting financial crime is not a job that can ever be finished, and the importance of information and intelligence sharing cannot be overstated. Collaborative efforts and seamless exchange of insights among institutions, regulatory bodies, and law enforcement agencies are pivotal in detecting and preventing fraudulent activities, safeguarding the integrity of...

According to our latest survey, a huge 70% of leaders reported that the lack of consensus in regulations across different countries and too many regulations were the biggest challenges they faced with the ongoing change to financial crime regulations. This can impact potential expansion for financial institutions and limit the...

Financial crime is a nebulous field. From old-fashioned fraud to cryptocurrency scams, the range and creativity of fraudsters seem to have no bounds. Unsurprisingly, the evolution of technology in the internet age has seen fraudsters employ increasingly sophisticated tools and techniques to scam people out of their money. This technological...

In the fast-paced and interconnected world of finance, how to fight financial crime has become an increasingly complex and challenging endeavour for banks and financial institutions. Traditional approaches to combat illicit financing, such as money laundering, fraud, and terrorist financing, often struggle to keep up with the evolving tactics of...

As technology continues to advance, financial crimes become increasingly difficult to detect, putting banks and financial institutions at greater risk. In response, companies are turning to advanced technologies, such as Artificial Intelligence (AI) and Machine Learning (ML) to detect suspicious transactions and manage financial crime risks. As a result, the...

Ahead of the Anti-Financial Crime Summit 2023, we spoke exclusively with Paul Munson, UK Compliance Director, about his experience building transaction monitoring technology in-house at Shares App Ltd UK vs buying it, to combat financial crime. Read more and discover: Why Shares App Ltd UK decided to build transaction monitoring in-house vs buying...

Ahead of the Anti-Financial Crime Summit, the 2023 Attendee lists highlights the leading organizations within the industry and an extensive list of high-level attendees that have confirmed attendance. Join over 300 of your peers to understand the latest criminal methodologies, and gain insight how the latest in technology, data and...

Ahead of this year’s Anti-Financial Crime Summit, we surveyed over 300 finance leaders to find out the latest financial crime regulations, emerging financial crime typologies, and how new technologies can help you manage your financial crime risks. This comprehensive benchmarking report will provide you with the unique opportunity to explore...

"To meet their legal and regulatory obligations, institutions must identify sanctioned individuals and entities (and other high-risk customer categories, such as Politically Exposed People) using some form of a screening process. More often than not, this is automated. In addition to customer themselves, customers’ transactions made to or from their...

Banks and Financial Institutions (FIs) are required to implement systems that ensure any proceeds they accept are legitimate and are not as a result of criminal activity. However, there are many obstacles that banks and FIs need to consider. For example, the emergence of new technologies allows criminals to better...

“The Power of Data in Transforming Your Approach to FinCrime” presentation was delivered by Grant MacDonald, Director of FinCrime Market Engagement, Experian at the 2022 Anti-Financial Crime Summit that covers: Why UK Businesses Area a Popular Choice for Money LaunderersHow UK Businesses Have Been CompromisedHow Companies House is Too Often...

Ahead of the Anti-Financial Crime Summit, we spoke exclusively to Christine Drabble, MLRO and Group Compliance Consultant, Payabl, about the greatest challenges impacting the implementation of financial crime detection strategies and how to overcome them, how changing compliance and risk skillsets will impact the use of technology to manage financial...

Ahead of the Anti-Financial Crime Summit, we spoke exclusively to Liliya Gelemerova, Head of UK Financial Security, Credit Agricole CIB, about whether the EUs 6th Anti-Money Laundering Directive and the UK’s 2nd Economic Crime Bill will have their desired impact, where you can see unwanted impacts of recent AML regulations,...

Ahead of the Anti-Financial Crime Summit, we spoke exclusively to Matthew Banham, Partner, Dechert LLP, about what financial crime trends he envisages for 2023 and why, what more the industry can do to reduce the risks of financial crime, as well as highlights from the Anti-Financial Crime Summit, to help...

Ahead of the Anti-Financial Crime Summit, we spoke exclusively to Che Sidanius, Global Head of Financial Crime and Industry Affairs, London Stock Exchange Group Ltd, about how his company is overcoming data issues despite current regulations to take the next step in financial crime management (PPPs), what role regulatory authorities...