Financial Crime

The Evolution of Information Sharing in Countering Finance Crime

The Evolution of Information Sharing in Countering Finance Crime

The financial industry has become increasingly reliant upon information sharing between institutions to gather sufficient data to fight various forms of financial crime, including fraud and anti money laundering (AML). The Future of Financial Intelligence Sharing Research (FFIS) program at the Royal United Services Institute (RUSI) is interested in the processes, organization, and partnerships of...

July 6th, 2022 4 min read

Can Standardization Help Tackle Trade Finance Fraud?

Can Standardization Help Tackle Trade Finance Fraud?

How Lenders Can Leverage Technology to Mitigate Duplicate Trade Fraud Prevent Trade Finance Fraud Through Standardization Practices Trade finance fraud is not new and has been surfacing in headlines more and more in recent years. Some of this may be related to the post-Covid demand on the supply chain. However, others believe that it has...

by Marcella Arthur

May 18th, 2022 11 min read

Inter-bank Data Sharing, the New Frontier of Fraud Detection and Prevention

Inter-bank Data Sharing, the New Frontier of Fraud Detection and Prevention

This blog is a guest blog from Tari Schreider, Strategic Advisor at Aite-Novarica Group. Canadian Bank Fraud is on the Rise Fraud is a growing epidemic that has spread to financial institutions throughout the world. Although fraud is a global problem, some countries, including Canada, experience a greater incidence of financial fraud than others. A...

by Tari Schreider

November 30th, 2021 5 min read

How To Share Financial Intelligence Under GDPR – 3 Key Takeaways

How To Share Financial Intelligence Under GDPR – 3 Key Takeaways

While financial regulators increasingly call for information sharing within the industry, data privacy compliance poses barriers to inter-institutional and cross-border collaboration. In this challenging situation, new Privacy-Enhancing Technologies (PETs) can help enable secure data sharing without compromising privacy, security, and regulatory compliance. We brought industry experts together for a fireside chat on Financial Intelligence Sharing...

by Alon Kaufman

March 8th, 2021 5 min read

Duality Welcomes Jim Richards to its Advisory Board

Duality Welcomes Jim Richards to its Advisory Board

We are honored to welcome Jim Richards to the Duality Advisory Board. Jim is the Founder and Principal of RegTech Consulting and has three decades of experience in leading anti-financial-crimes programs at large banks. Prior to forming RegTech Consulting in April 2018, Jim was an Executive Vice-President, the Bank Secrecy Act (BSA) Officer, and Global...

by Alon Kaufman

February 15th, 2021 2 min read

Privacy-Preserving Information Sharing Against Financial Crime

Privacy-Preserving Information Sharing Against Financial Crime

Data is one of our main weapons in the fight against financial crime and the COVID-19 pandemic has shown that this holds true for other worldwide challenges as well. Just as governments, financial institutions, data scientists, and tech companies have been fighting financial crime over the last two decades, the world is now feverishly building...

by Alon Kaufman

May 18th, 2020 3 min read

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