The global financial crime landscape is evolving at an unprecedented pace, and nowhere is this more evident than in the Asia-Pacific (APAC) region. As financial institutions (FIs) grapple with increasingly sophisticated fraud and money laundering schemes, staying ahead of emerging threats has become a paramount concern. The latest APAC AML Tech Barometer Report dives deep […]
June 23rd, 2025
A quiet but profound shift is underway in the U.S. payments system. In March 2025, the White House issued a mandate: by the end of FY2025, virtually all federal government payments — including tax refunds — must move off paper checks and onto electronic channels, primarily ACH. While this is a victory for efficiency, it […]
June 20th, 2025
Both the United States and European Union (EU (play a critical role in global efforts to combat financial crime. Their comprehensive regulatory framework, complemented by an extensive network of government agencies are just two of the many indicators of their preeminent position. They are also both primary targets due to their importance.
June 17th, 2025
Elder financial exploitation isn’t just a fraud issue—it’s a public health and consumer protection crisis. With an aging population and increasing reliance on digital channels, older adults are being targeted more frequently, more aggressively, and often, more successfully by scammers and abusers.
June 13th, 2025
Automated Clearing House (ACH) transactions have become the backbone of modern banking, used for payroll, bill payments, government benefits and business-to-business transfers. The same speed and ubiquity that make ACH payments efficient, however, also make them a growing target for fraud.
June 13th, 2025
Card fraud is no longer confined to stolen wallets or skimmed ATMs. Today’s credit and debit card fraud is data-driven, digitally distributed and designed to outmaneuver even the most advanced defenses. For financial institutions, merchants and card networks, it’s a high-volume threat with high-velocity consequences.
June 12th, 2025
Behind nearly every high-dollar fraud scheme lies a network. These aren’t just one-off criminals—they’re organized groups working in tandem, with each actor playing a specialized role. From international cybercriminals to unwitting college students lured by the promise of quick money, these collusion-based networks are driving a significant portion of today’s financial crime.
June 12th, 2025
After navigating the lengthy and complex process of financial crime prevention, detection and investigation, compliance teams must determine whether the activity subject of the investigation is deemed suspicious, and if that is the case, draft and submit a regulatory report. In the U.S. this typically entails generating a Suspicious Activity Report (SAR): a formal report submitted to the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN).