Financial Crime World

State Street and Cantor Fitzgerald Partner to Combat Financial Crime

Strengthening Commitment to Combating Financial Crime

In a significant move to leverage technology and expertise in the fight against financial crime, State Street and Cantor Fitzgerald have announced a strategic partnership aimed at preventing fraud and money laundering. This collaboration brings together some of the most experienced professionals in the field, with a shared goal of developing cutting-edge solutions for financial institutions.

Expert Partners

The partnership is led by Siobhain, Chairperson of the Irish Compliance Institute’s Fintech and Payments working group, who holds a Master’s degree in Economic Development from University College Dublin. She is joined by:

  • Jim Lee, Global Head of Capacity Building at Chainalysis, former Chief of the IRS-CI
  • Linda Hamilton, Head of Organised Crime at HMRC

Shared Expertise and Resources

The partnership between State Street and Cantor Fitzgerald will see both companies share expertise and resources to develop innovative solutions for financial institutions. They will work together to identify areas where technology can be leveraged to improve detection and prevention of fraud and money laundering.

Key Partners Involved

Other key partners involved in the initiative include:

  • Stephen Rae, Publisher at AML Intelligence
  • Suzanne Gunn, Head of Economic, Transnational, and Organised Crime Policy at the Department of Justice, Ireland
  • Carol Lawton, Head of Financial Crime at AIB
  • Manuel Delgado Colmenero, EY Global FinCrime Solution Leader
  • Charmian Simmons, Financial Crime and Compliance Expert at SymphonyAI
  • Joris Lange, Identity Verification Specialist at Inverid

Impact on the Fight Against Financial Crime

This partnership is seen as a significant step forward in the fight against financial crime. Experts predict that it will lead to more effective detection and prevention of fraud and money laundering, ultimately strengthening the global effort to combat these crimes.

Conclusion

The strategic partnership between State Street and Cantor Fitzgerald demonstrates a commitment to leveraging technology and expertise to prevent financial crime. With a team of experienced professionals working together, this collaboration is expected to have a significant impact on the fight against fraud and money laundering.