Useful resources and websites to fight financial crime
Using these tools and platforms provides information, training, and real-time data to help financial institutions, regulators, and law enforcement detect and prevent fraud, money laundering, and other illicit activities. Whether…
The 230 Million-dollar Dollar Crypto theft no one is talking about
In mid-July 2024, WazirX, one of India’s largest cryptocurrency exchanges, was rocked by a massive security breach resulting in the theft of over $230 million in digital assets. The incident…
What is a Fraud Rules Engine? What types of rule engines are used across government and large institutions?
A fraud rules engine is an analytical or systematic approach employed by financial institutions to detect and prevent fraudulent activities by applying predefined rules and criteria. The concept behind rules…
Transaction Monitoring 101: Safeguarding Financial Institutions from Financial Crime
Let’s understand the basics of transaction monitoring and why financial institutions maintain them and some building blocks of these systems. Here we are just going through some basics and by…
Understanding Australia’s Current Terrorism Threat Level: What It Means and Should We Be Worried?
We heard in the news recently that the Australian Government increased its terrorism threat level to “Probable,” indicating a change in the national security landscape. This adjustment is part of…
How to get access to INPI Ultimate Beneficial Ownership information in France
France has taken the step to introduce a reduction in the access to its Beneficial Owner Register as currently administered by The National Institute of Industrial Property (INPI). Announce in…
The 101: Fraud – Buyer Fraud
Buyer fraud, also known as purchase fraud, encompasses a range of deceptive practices carried out by purchasers to unfairly benefit or avoid paying for goods and services. These fraudulent activities…
The 101: Fraud – Account Take Over (ATO)
As a merchant there is usually no worse experience than an Account Take Over. These fraud actors can have a few different motives that vary from needing a facility to…
The 101: Fraud – Good Merchant Gone Bad (GMGB)
Some merchants may classify this behaviour as Credit Risk but there is a clear intent to profit for a event within which the cardholder will be left out of pocket.…