Understanding Credit Risk
Let’s be clear here. Large accounts committing fraud is not Credit Risk – that is still just fraud. Credit Risk is truly related to the economic outcomes of having a…
Understanding Cryptocurrency Addresses: Key Parameters and Identification Techniques
Cryptocurrency addresses are unique identifiers used to send and receive transactions on blockchain networks. While these addresses may appear as a random string of alphanumeric characters, there are various parameters…
What are financial crime rule categories, and why is understanding them important?
Financial crime analytical systems have rules, rule types, and rule categories, so what are these? And when do you use one and not the other? Let’s learn about them. Rule…
Naming Financial crime rules effectively
So, you do a perfect analysis of a fraud pattern, understand the features involved in the rule, and are now ready to implement the rule. Do you give much thought…
The Importance of having a financial-crime rules monitoring dashboard
What is a Rules Monitoring Dashboard As you know, a transaction monitoring system has several rules which every transaction goes through to obtain a score, and this core determines whether…
The 101: The extended AML Case Studies
A great read for those studying AML or working in the profession: Full credit to https://www.linkedin.com/in/shailesh-gohel/ for this publication
Building Financial Crime rules: Preventing Structuring
AUSTRAC has updated its guidance position on the reporting of threshold transaction reports (TTRs) when a customer conducts multiple cash transactions. What is this act about? AUSTRAC, Australia’s financial intelligence…
Building Financial Crime rules – High Risk Transaction Blocking
Argentina’s central bank halts cryptocurrencies from payment apps How will you implement a fraud prevention rule of this rule? Let us understand more about this decision by the central bank…
A Comprehensive Guide to AML Model Validation Rule Parameters
Anti-Money Laundering (AML) model validation is an important process for financial institutions to ensure that their AML systems are effective in detecting suspicious activities while minimizing false positives. Each rule…
Building Financial Crime rules: Comply with the Interactive Gambling Act 2001
Implementing a Card Fraud Rule to Comply with the Interactive Gambling Act 2001 What is the Interactive Gambling Act of 2001? The Interactive Gambling Act 2001 (IGA) is a piece…