Fraud Prevention

THE AML CHALLENGE CONTINUES UNABATED… As this blog has repeatedly catalogued over the last year here[1], here[2] and here[3], Money Laundering is a massive global headache and one of the biggest…

“From coast to coast, the FBI and Securities and Exchange Commission have ensnared people not only at hedge funds, but at technology and pharmaceutical companies, consulting and law firms, government…

This final post in this three part series on Payment Card Fraud covers the evolving business landscape in countering Payment Card Fraud and will make specific recommendations from a best practices,…

This article is the first installment in a three part series that covers one of the most critical issues facing the financial industry – Payment Card Fraud. Payment Cards include Credit, ATM & Debit…

According to the US treasury – “Money laundering is the process of making illegally-gained proceeds (i.e. “dirty money”) appear legal (i.e. “clean”). Typically, it involves three steps: placement, layering and…

Big data technologies led by Apache Hadoop can help financial services firms comply with a myriad of regulations, including US Anti-Money Laundering (AML) laws and requirements. In 2015, it goes…

It is widely recognized that the series of market events that led to the Great Financial Crisis of 2008 was as a result of poor risk management practices in the banking system.…

From a business perspective as well as a technology impact perspective, one of the biggest technical trends facing executives in financial services is big data, with the business value derived…