BAE Systems
A Day in the Life of: Isabel van Dooren
22 February 2022: Isabel van Dooren, Engineering Manager for our NetReveal® Compliance solutions, tells us about her working day and explains why she is so passionate about delivering productized solutions
New money laundering typology alert: how Fowler Oldfield laundered £1million per week
17 February 2022: What can the industry learn from the NatWest Fowler Oldfield case? Ben Tutt, FinCrime Threat Intelligence Lead investigates in his blog
Money Matters: Getting Private Banking AML compliance right for a smooth customer journey
18 January 2021: In her first blog of 2022, Charmian Simmons explores the role of Anti-Money Laundering compliance in the world of private banking
AML Compliance Year in Review – 2021
21 December 2021: How was 2021 from a compliance perspective? Here, Charmian Simmons considers the ups and downs of the past 12 months and reflects on all the key trends and changes we witnessed
What’s next? 2022 Crypto FinCrime predictions
16 December 2021: Charmian Simmons and Mary Hall peek into their crystal ball and assess how the world of crypto is likely to shape up over the year ahead
2021 Crypto FinCrime trends in review
6 December 2021: With the end of the year fast approaching, how did crypto financial crime evolve in 2021? Charmian Simmons and Mary Hall examine the trends and turbulence of the year
Why we need a FinCrime feedback loop to help tackle anti-money laundering challenges
12 November 2021: Enda Shirley says there is no doubt that the current anti-money laundering (AML) compliance framework isn’t working.
From Dear CEO letters to an increased Levy – more reasons for money laundering reporting officers to stay up at night
21 October 2021: Charmian Simmons casts her expert eye over recent developments which have been pummelling the anti-money laundering landscape
Taking on the ‘privacy paradox’ puzzle to evolve data strategies
14 October 2021: Holly Armitage’s latest blog discusses the predicament the banking sector finds itself in balancing consumers’ privacy preferences and hesitation in sharing personal data, versus how they act online, and how this can be combatted with demonstrable data privacy strategies
Combating money laundering requires a complex ecosystem of change
11 October 2021: Enda Shirley explores the human cost of money laundering and examines what can be done to strengthen anti-money laundering efforts worldwide
County lines: How banks can spot vulnerable drug trafficking victims within transactional data
24 August 2021: Nicola Eschenburg takes a look at how banks can spot vulnerable drug trafficking victims within transactional data in her latest blog
The colour of (digital) money
12 August 2021: As the UK considers the potential adoption of Britcoin, a new virtual currency, Charmian Simmons says the speculation is currently causing more questions than answers
Whiplash backlash on new reforms
5 Aug 2021: How will the introduction of a new online portal in England and Wales impact personal injury claims fraud? Robert Harris, Fraud Product Manager investigates
The three layers of data trust for financial services
22 July 2021: How can the financial services sector generate greater trust when it comes to data? Nicola Eschenburg says it can be done, and the sooner the better in her latest blog
A unified view of FinCrime
15 July 2021: Robert Harris’ latest blog discusses how we can expect unified FinCrime strategies to become common practice in the next five years and how this can be implemented by banks
Financial services versus fraud – The battle continues
6 July 2021: Where there is money, cyber crime isn’t far behind, and this was exacerbated when financial institutions were knocked sideways by the pandemic. Simon Viney’s latest blog discusses the magnitude of the issue and the need for modern solutions to address modern fraud
Calculating the cost of insurance fraud
22 June 2021: Robert Harris’ latest blog covers how insurers need to harness data through intelligent analytics and machine learning in order to understand customers, both good and bad, and measure fraud for an intelligent view on risk, opportunity and ROI
Information fusion to fight financial crime
10 June 2021: In a recent webinar with UK Finance, Nordea and Credit Agricole, we touched on a number of issues regarding the FS information sharing landscape. In his latest blog, David Nicholson recaps the webinar discussion and covers the key technical and operational barriers, the benefits and a flavour of the technology required
Applying citizen data science to plug the banking data skills gap
8 June 2021: The burgeoning need for data science has created a banking skills gap. In his latest blog, David Nicholson discusses the use of ‘citizen data science’ as a means to mitigate this gap by empowering a wider pool of employees to engage with data science workflows
The war on insurance fraud demands cross-border and cross-sector collaboration
27 May 2021: Authored by Robert Harris, Insurance Fraud Global Product Manager, this blog explores how the war on insurance fraud demands cross-border and cross-sector collaboration, if it is to stand any chance of tackling the problem
From financial crimes to fiscal footprints
25 May 2021: Co-authored by Nicola Eschenburg and Harriet Shaw, this blog shares insights into our work with West Midlands police on ‘Operation Fort’, a landmark human trafficking case and shares insights into the modus operandi for organised crime groups
What should data ethics mean to Financial Service providers?
13 May 2021: With the rise of new emerging technologies reliant on data, data ethics comes into play. Asking questions and guiding practical actions about the use of data. Read more in this blog co-authored by Holly Armitage, Principal Strategist and Chris Blood, Principal Data Strategist
The COVID Crime Index: A look at pandemic-related security and fraud trends
29 April 2021: In his latest blog, Simon Viney discusses the challenges and opportunities the FS industry has faced since the start of the pandemic and how they can work to overcome these in the coming months and years, as highlighted in our new COVID Crime Index report
Tackling COVID-19 bounce-back loan fraud
15 April 2021: Around £50bn has been lent, double estimates when the Bounce Back Loan scheme launched in March 2020. It’s predicted the UK government now faces a loss of between £15 to £26bn with businesses unable to repay the loans or through fraud. Read our latest blog from Robert Harris on the scale of the problem and how it can be addressed
Is 6AMLD a chance for us to agree what success in anti-money-laundering looks like?
13 April 2021: With 6AMLD putting the focus squarely on 22 predicate offenses – do we have an opportunity to re-evaluate how we measure AML detection success and effectively tackle organised crime? Harriet Shaw questions the measures we use today and examines the possibilities that 6AMLD presents
Are you sure you want to park there?
The future of insurance fraud prevention lies in understanding good customers
The future of insurance fraud prevention lies in understanding good customers
1 April 2021: Leveraging customer data offers insurers the ability to better risk assess applicants and personalise offerings. The challenge lies in having the right data at the right time for the right customer says Robert Harris in his latest blog
The ethics of Artificial Intelligence in Financial Services
30 March 2021: In his latest blog, David Nicholson takes a look at the reasons for bias in AI and the role of regulators, governments and big tech firms in strengthening the culture of responsibility and ethical behaviour within financial organisations, beyond data processing
COVID-19 and money laundering one year on: the trifecta of change
16 March 2021: The pandemic has generated ripple effects of changes across the FS sector. Our latest blog from Enda Shirley puts the world of money laundering under the microscope, looking at how a trio of 2021 challenges has impacted compliance teams
Managing fraud in the global insurance industry
2 March 2021: In his latest blog, Tyrone Cole discusses the concept of a counter fraud eco-system from an insurance industry perspective, and more specifically the three key disciplines of the system that help to create an effective counter fraud strategy – technology & data, people/organisations and process
AML effectiveness; A proactive approach…
19 February 2021: Almost every major financial institution is navigating a huge transformation programme aimed at improving their AML regime. Whether they are responding to regulatory pressure or to a new threat, they all face the same question… 'How effective are we at catching financial crime?'
Telemedicine fraud: How COVID-19 has opened the door to an increase in remote healthcare scams
17 February 2021: COVID-19 restrictions have led to surging numbers of remote medical appointments, and with them, increased attempts of various types of medical fraud. Dennis Toomey looks at the latest fraud trend and what insurers can do today
Fixing fraud detection in car financing applications for banks
2 February 2021: Car loan or auto financing fraud is a growing problem for financial institutions, driving financial, reputational and regulatory risk. David Nicholson and Harriet Brown explain how they helped a German client facing this challenge
Banking on change: adapting for cryptocurrencies
19 January 2021: In his guest blog, John Jefferies, Chief Financial Analyst at CipherTrace writes that financial institutions must take action to safeguard themselves from regulatory action
Follow the money: investigating money laundering tactics
8 December 2020: In his latest blog, Simon Viney discusses our recent report which highlights the ingenuity of money laundering tactics to obtain liquid financial assets and avoid any subsequent tracing of the funds
Insurance fraud is evolving: so must our response
26 November 2020: In his latest blog, Dennis Toomey explains why the industry must turn not only to sophisticated tools and technologies, but also unite around a strategy based on collaboration – in order to tackle insurance fraud
The FinCEN fallout: what happens next for the banking industry?
29 October 2020: In his blog, Enda Shirley explores what will happen next to the banking industry after the FinCEN files controversy
Industry report: the challenges and opportunities facing AML professionals
13 October 2020: We have polled thousands of FI professionals and their customers to better understand global attitudes towards money laundering and to compare current and possible future AML strategies from across the industry
Lessons from the FinCEN files – using fintech and regtech to spot dirty money
30 September 2020: With the relentless growth in tech-enabled financial services, Peter Fisher looks at the impact of the cloud on the compliance space
Banking on customer due diligence: how intelligent technologies can streamline compliance
15 September 2020: Enda Shirley explains how banks are currently facing what has been described as their biggest test since the 2008 financial crisis. In this environment, staying focused on activities like AML compliance has never been more important
Crime predictions for a contactless society – and how to defeat the digital fraudsters
18 August 2020: Robert Harris examines how digitalisation is impacting counter fraud departments particularly in today’s contactless society
Five key trends for insurers fighting fraud
6 August 2020: Dennis Toomey looks at five key trends that insurers need to be aware of as they fight fraud
Five reasons why now’s the time for compliance in the cloud
21 July 2020: Brian Ferro explores how the cloud can help organisations meet their compliance obligations and prepare for an uncertain future
Financial crime compliance: mission impossible or tech-savvy super heroes?
7 July 2020: Mariola Marzouk investigates three key issues faced by financial crime compliance professionals – and asks what role technology can play in helping to overcome these challenges
The next step in the fight against financial fraud and money laundering
25 June 2020: Enda Shirley considers how banks can close the gap by evolving the role humans play in preventing financial crime