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The Comprehensive Guide to Account Takeover Fraud Prevention and Detection
Understanding layering in money laundering is the first step necessary for banks to prevent it. With this knowledge, banks can better protect their customers and the financial system's integrity. This article explores the three stages of money laundering, emphasizing layering and how it works from a money launderer's perspective. We will also discuss how banks can prevent layering and detect money laundering activities, including transaction monitoring, customer due diligence, and suspicious activity reporting.
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Fraud
Banks are expected to offer a seamless customer experience while also stopping fraud in its tracks. Learn how banks can balance these goals and manage risk effectively in the digital banking era.
Collection • 10 Articles
Covid-19
The global coronavirus pandemic caused widespread disruption to numerous industries. Learn how machine learning technology helps organizations adjust to unpredictable conditions and stay vigilant against fraud.
Collection • 9 Articles
AML
Criminals launder money to disguise their illegal activities and make their funds look legitimate. Learn how banks and regulators can stay ahead of the latest anti-money laundering (AML) trends.
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A Money Mule Detection Blueprint for Banks
The money mule threat has become a pressing concern for financial institutions worldwide. That’s why it’s time for the financial services industry to embrace a…
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Understanding and Preventing First-Party Fraud for Merchants
As if the battle against fraud wasn’t complicated enough, merchants have to contend with first-party fraud among their most valued assets: their own customers.…
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Enhancing AI Model Risk Governance with Feedzai
Artificial intelligence (AI) and machine learning are pivotal in helping banks and institutions stay ahead of fraud and financial crime tactics. However,…
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A Unified Stand Against Phishing Scams in Asian Banking
The Asian banking sector is increasingly concerned about phishing scams. Scammers cleverly design these scams to trick customers into making unauthorized…
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What Recent AI Regulation Proposals Get Right
In a groundbreaking development, 28 nations, led by the UK and joined by the US, EU, and China, have converged to address the opportunities and risks…
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Avoid AML False Positives in 3 Easy Steps
High false positive rates are considered the norm for many financial institutions. But they can also contribute to compliance professionals’ burnout from…
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