The 2024 National Crime Agency’s National Strategic Assessment (NSA) provided a comprehensive analysis of the current state of serious and organised crime in the UK. The NSA also points to a broader rise in serious crimes, including cybercrime, child exploitation, and fraud, despite overall crime rates declining over the past decade. … Read More
Financial Crime
What are the main types of financial crime?
Financial crime is a rapidly evolving threat that presents significant challenges for compliance and counter-fraud professionals. Understanding the diverse range of financial crimes, their associated risks, and effective counter-strategies is crucial for safeguarding the integrity of financial systems. … Read More
Behind the schemes: Inside the mind of a fraudster
In this article, we peel back the layers of deception and take a look at what makes fraudsters tick. With real-life case studies from an ex-fraudster, we take a look at the motives, strategies and evolving methodologies used by fraudsters. … Read More
What is financial crime?
In today’s interconnected world, the risk of financial crime is greater than ever. But what exactly is financial crime?
From money laundering to fraud, to cybercrime, these illegal practices pose significant threats to economies and societies worldwide. In this blog, we delve into the murky depths of financial crime, exploring its various forms and the measures in place to combat them. … Read More
Wired-In webinar: Managing AML risks in digital payments
In a thought-provoking Wired-In webinar, we explored the most frequent types of AML risks in digital payments and how to combat these. … Read More
5 ways to help prevent financial crime
Organizations worldwide face increasing challenges to prevent financial crime, with fraudsters evolving their techniques. Implementing strong internal controls, regular risk assessments, and robust KYC, KYB, and AML policies are key to combating fraud and financial crime. … Read More
Wired-In webinar: The fraud landscape – fight or flight
We were delighted to be joined by Robert Brooker, Head of Fraud and Forensics and PKF GM on the latest instalment of our brand new webinar series, Wired-In. … Read More
Financial crime in 2022: the biggest scandals, heftiest fines and most shocking cases
In 2022, financial crime surged, with cases of fraud, hefty fines for AML failings, and notable scandals underscoring global regulatory challenges and compliance shortcomings. … Read More
Combatting the Rise of Financial Crime in a Post-Pandemic World
Levels of financial crime have been building for many years. The scale of that increase is open to conjecture, because there are as many answers as there are sources of statistics, but no-one disagrees that the overall levels continue to … Read More
Will a cashless society be the end of financial crime?
The pandemic accelerated the shift to a cashless society, boosting digital payments but also increasing cybercrime and online fraud, highlighting the need for enhanced security and global collaboration to combat fraud. … Read More