Financial Crime World

Finextra: Latest Financial Crime Compliance News and Insights

New York, NY - Finextra, a leading financial news and research platform, is at the forefront of bringing you the latest developments in financial crime compliance. Dedicated to providing valuable resources and expert analysis, Finextra’s crime channel covers various topics, including fraud, scams, Anti-Money Laundering (AML), and Know Your Customer (KYC). Here are some recent insights:

Social Engineering Attacks: A Growing Threat

Employees are often the weakest link in preventing social engineering attacks. In this article, we discuss the importance of training programs to raise awareness and prevent successful assaults:

  • The manipulative nature of social engineering attacks
  • Strategies for recognizing and responding to such attacks
  • The significance of ongoing employee education

Harnessing Technology for Financial Crime Detection

Artificial intelligence (AI) and machine learning (ML) are reshaping financial crime compliance. discover the advantages of using these technologies in AML and KYC contexts:

  • An overview of how AI/ML systems augment human investigative capabilities
  • Real-life examples of successful implementation in financial institutions
  • The implications of this technological evolution for the future

Regulation: Driving Compliance Strategies

Stringent regulatory requirements demand that financial institutions adapt and comply. Stay informed about key regulations and their challenges:

  • EU’s Fifth Anti-Money Laundering Directive
  • The US’ Bank Secrecy Act
  • What these regulations mean for financial institutions and their compliance strategies

Visit Finextra’s crime channel for more insights and analyses: Finextra: Crime Channel

About Finextra

Finextra is a leading financial news and research platform, offering in-depth coverage of banking, technology, and finance. Our mission: delivering breaking news, expert opinion, and in-depth analysis to professionals in the industry.

Editorial Team contact@finextra.com Follow us on Twitter, LinkedIn, and Facebook for the latest updates.