BAE Systems
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