Financial crime in 2020: How did my predictions play out?
Stu Bradley evaluates his 2020 predictions for fraud, AML compliance and security.
Tag: financial crime
From fraud detection to fraud prevention: working towards optimal audits
Currently, most fraud detection solutions for financial crime and tax fraud are focused on risk assessing entities. That is to say, they evaluate the risk of each individual or businesses separately. While this helps prioritize risk-based investigations by alerting investigators to the likelihood of fraud, it does not necessarily maximize deterrence.
Fighting fraudsters
You might assume that a battle-tested businessman with a gruff exterior and a taste for salty language lacks an inner child, but you’d be wrong. Exhibit A is this little-known fact: I have a soft spot for animated Disney movies. Now, I could try to bluff a bit and say