FinCrime Dynamics’ Post

Embrace Innovation in Compliance! Today, Tom Fox had an insightful chat with Matt DeLauro, SEON's Chief Revenue Officer, diving into their cutting-edge solution for fraud risk and anti-money laundering. Matt's decades-long expertise in financial software shines through as he emphasizes the importance of real-time detection and robust compliance controls in combating financial crimes. Take advantage of his invaluable insights! Listen to the episode here: https://bit.ly/49bh8Jy #AML #FraudPrevention #FintechInnovation

#Financialcrime is a #multitrillion-#dollar problem. According to #Nasdaq findings, an estimated $3.1 trillion in #illicit #funds flowed through the #global #financial #system in 2023. The report developed with #Verafin, a Nasdaq company, brings together expert research, industry perspectives, and the voices of survivors, with the aim of providing global #financialinstitutions with a better understanding of the scope and impact of financial crime, and the scale of #coordination #needed to address it.  Last year alone, losses from fraud totaled $485.6 billion globally. #Moneylaundering and #illicit #flows accounted for #trillions of dollars, including some of the most #heinous #offenses: $782.9 billion in #drugtrafficking activity $346.7 billion in #humantrafficking $11.5 billion in #terroristfinancing These #numbers don’t #encompass the #entirety of #financialcrime, as many crimes go #unreported and #undetected.  Source -> https://lnkd.in/dmbme7Ee

Embrace Innovation in Compliance! Today, I had an insightful chat with Matt DeLauro, SEON's Chief Revenue Officer, diving into their cutting-edge solution for fraud risk and anti-money laundering. Matt's decades-long expertise in financial software shines through as he emphasizes the importance of real-time detection and robust compliance controls in combating financial crimes. Take advantage of Matt's invaluable insights! Listen to the episode here: https://bit.ly/49bh8Jy #AML #FraudPrevention #FintechInnovation

BPFI Head of Financial Crime Niamh Davenport took part in a panel discussion on Gen AI and it’s rapidly developing role in Fraud and Financial Crime as part of the Deloitte FinCrime Symposium yesterday. The panel was moderated by Jake O'Sullivan Deloitte with James Lillis Nuvei and Colin Melody Deloitte. This insightful discussion looked at how AI is combatting financial crime and how it will be crucial as we continue to fight FinCrime in the future. #fraudsmart 

Here's a wonderful way to recognize Fraud Awareness Week and learn more about financial crimes.

Are you attending next week's #ABAFinCrimes Conference? Be sure to stop by our booth to say hello to John Arvanitis and Tyler Langenkamp and learn more about how we’re helping our clients effectively address their financial crimes and fraud challenges. We're looking forward to connecting with industry leaders and peers. #FinancialCrimesCompliance #FraudPrevention

The world’s fastest growing financial crime? Fraud. New from ACAMS: we’re transforming our anti-fraud ecosystem, with additional resources including training, certification, thought leadership, and conference sessions. Watch this video from our CEO, Neil Sternthal (he/him), who explains this exciting milestone and what you can expect from us in 2024.

Completed the course "Microcaps, Big Frauds - Understanding and Preventing Fraud in Over-the-Counter Markets" through the Certified Financial Crime Specialists (CFCS) program. This course provided valuable insights into financial fraud risks in microcap and over-the-counter markets, equipping me with knowledge to better identify and mitigate such threats. Continually expanding my expertise in financial crimes and emerging technological challenges is crucial for staying ahead of evolving industry trends. #ContinuedLearning #FinancialCrimes #FraudPrevention #RegulatoryCCompliance

ℹ Stay Informed with our recent Blogs ℹ 🛑 Recognizing the red flags: How to identify potential scams in the financial industry Protect yourself from financial fraud by being aware of warning signs and staying informed. 🛡️ Protecting yourself from financial fraud: Tips and strategies Educate yourself, conduct thorough research, diversify your portfolio, verify credentials, and stay vigilant to reduce the likelihood of falling victim to financial fraud. 👮♂️ The role of regulatory bodies in combating financial fraud Regulatory bodies play a crucial role in protecting investors. Report any suspicious activities to contribute to a safer financial ecosystem. By staying informed and following best practices, you can safeguard your investments and contribute to a more transparent and trustworthy financial industry. Together, we can combat financial fraud.

Financial crime is more complex than ever - are you ready for 2024? 🔎 In our latest blog, Baptiste 🕵 Forestier - CAMS, Anna Stylianou, Luke Raven, and 🔎William Callahan explore key trends in financial crime and give valuable insights and strategies to help institutions stay ahead. 💡 Dive into their insights and critical trends to watch this year: https://hubs.li/Q02KCC950 #FinCrime #AMLCompliance #FraudPrevention #FraudFighters #ComplianceHeroes