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).
June 11th, 2025
The fraud landscape is constantly shifting. From cryptocurrency investment scams to pandemic-era government program abuse, financial institutions (FIs) are being challenged by schemes that fall outside traditional fraud definitions—but cause just as much harm.
June 10th, 2025
Wire and electronic funds transfer (EFT) fraud has become one of the most financially devastating threats in banking today. Fueled by sophisticated social engineering and the rise of Business Email Compromise (BEC), these attacks exploit the weakest point in many payment processes: trust
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June 5th, 2025
The technology checklist that financial institutions (FIs) are researching as they prepare for ENGAGE, NICE Actimize’s industry event focused on fraud and financial crime, is likely quite extensive. To help narrow the focus, we’ve identified the top five categories and capabilities currently generating the most interest and inquiries.
June 5th, 2025
Despite the dominance of digital payments, check fraud is seeing a surprising and costly resurgence. What was once considered a fading threat has evolved into a sophisticated operation fueled by organized criminal networks, targeting financial institutions and vulnerable customer segments.
June 4th, 2025
Identity theft has long been one of the most prevalent forms of financial fraud. But today’s threat goes beyond stolen names and Social Security numbers. Increasingly, attackers are fabricating identities from scratch—blending real and fake information to create entirely new personas. This evolution, known as synthetic identity fraud, is one of the fastest-growing and hardest-to-detect forms of financial crime.
June 3rd, 2025
Account takeover (ATO) fraud doesn’t begin with a stolen credit card or forged document—it begins with access. Once a fraudster takes control of a legitimate customer’s account, they gain access to a broad spectrum of financial crimes: unauthorized transfers, drained balances, phony purchases and identity manipulation.
June 2nd, 2025
One of the most common quotes among compliance professionals is “money does not stop at the border.” The sentence is attributed to award-winning writer and journalist Oliver Bullough‘s brilliant work “Moneyland.”