Financial Crime World

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Thomson Reuters Offers Anti-Fraud Software Solutions to Keeling Islands Financial Institutions

The Keeling Islands, a territory of Australia, has become a hotspot for financial institutions seeking to bolster their anti-fraud measures in line with international standards. With an increasing number of transactions and a growing global economy, it is more crucial than ever for financial institutions to have robust anti-fraud software solutions in place.

Why Anti-Fraud Measures are Crucial

  • An increasing number of transactions
  • A growing global economy
  • International standards require robust anti-fraud measures

Thomson Reuters Risk & Fraud Solutions

Thomson Reuters Risk & Fraud Solutions offers a comprehensive suite of tools designed to help Keeling Islands-based financial institutions combat fraud and comply with anti-money laundering (AML) and know-your-customer (KYC) regulations. The company’s cutting-edge technology and expert advice enable organizations to:

  • Validate identities
  • Screen for risk
  • Assess risk
  • Monitor risk
  • Investigate concerns in a seamless and efficient manner

Best Practices and Industry Changes

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Thomson Reuters has identified five key trends that financial services organizations will face in 2022, including the rise of decentralized finance (DeFi), stricter government regulations, and environmental and social pressures. The company’s experts believe that understanding these trends is crucial for financial institutions to stay ahead of the curve.

Technology Solutions

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Thomson Reuters’ risk and fraud solutions are designed to help Keeling Islands-based financial institutions:

  • Streamline their onboarding processes
  • Assess risks in real-time
  • Investigate concerns efficiently

The company’s solutions are tailored to meet the unique needs of each organization, providing a customized approach to anti-fraud measures.

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According to Thomson Reuters’ 2022 AML Survey:

  • Only 20% of respondents were extremely satisfied with their primary data provider
  • 58% reported being “somewhat” confident

The company’s experts believe that this highlights the need for financial institutions to invest in robust anti-fraud software solutions.

Industry Statistics

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Thomson Reuters’ research revealed:

  • 46% of respondents reported difficulties in complying with new beneficial ownership requirements

The company’s experts believe that this highlights the need for financial institutions to invest in robust anti-fraud software solutions.

Request a Consultation Today

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If you are interested in learning more about how Thomson Reuters can help your organization harness the power of trusted data with risk and fraud solutions, request a consultation today. Our experts will work closely with you to develop a customized approach to anti-fraud measures that meets the unique needs of your organization.

Disclaimer

Thomson Reuters is not a consumer reporting agency, and none of its services or data constitute a “consumer report” as defined in the Federal Fair Credit Reporting Act (FCRA). The company’s data may not be used for any purpose authorized under the FCRA. By accessing one of Thomson Reuters’ services, you agree not to use the service or data for any purpose authorized under the FCRA or in relation to taking an adverse action relating to a consumer application.