Financial crime fighters are the unsung heroes, standing as sentinels of integrity in the complex world of finance, ensuring that justice prevails and trust remains unbroken.
Welcome to the Financial Crime Fighters
In a world where financial crimes are becoming increasingly sophisticated, staying informed and vigilant is more crucial than ever. Welcome to the Financial Crime Fighters Blog, your go-to resource for the latest insights, trends, and strategies in the battle against financial crime. Whether you’re a professional in the finance industry, a law enforcement officer, or simply someone interested in safeguarding your financial well-being, our blog offers valuable information to help you navigate the complex landscape of financial crime.
My recent posts
The current economic slump across the world is causing financial restraints, while new laws introduced in 2023 are imposing fresh regulations and granting additional powers to regulators. These laws have laid the groundwork for their implementation in 2024. Moreover, the payment industry is increasingly adopting digital technology, which is leading to a surge in financial crime. Read more..
Book review: The War on Dirty Money
Dirty money is a global issue that affects us all. While many books have been written on the topic, most of them focus on specific areas such as human trafficking, drug trafficking, illicit finance, crypto, corruption, etc. Read more..
Payment Services Regulations (PSR) approach will bring about a significant change for all the payment firms. Its aim is to proactively prevent Authorized Push Payment (APP) fraud from occurring. In APP fraud, customers are tricked into authorizing payments to fraudsters, making it difficult for banks to detect since the transaction appears legitimate. Read more..
Money Mules – Gaining fame in financial crime
Fraud accounts for atleast 40% of financial crime in the UK. In 2022, UK banks have identified over 39,000 accounts demonstrating behavior indicative of money muling[1]. NCA estimated that over GBP 10 billion is laundered via money mule activity in the UK annually[2]. Read more..
Are you looking to learn more about Suspicious Activity Reporting? From writing reports to exiting, I’ve got you covered! Let’s dive in and explore the world of Suspicious Activity Reporting together. Read more..
About me: I have more than eight years of work-experience as a Financial Crime Specialist in the banking sector. Throughout my career, I have gained extensive knowledge and expertise in a variety of areas, including Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF), Transaction Monitoring (TM), Risk Rating, Complex/High-risk SARs, including DAML (Defense Against Money Laundering) SARs, Trigger reviews, Fraud Investigations, Fraud Prevention, Risk Assessments, Writing policies/procedures, Red Flag Guidance and Training (Fraud and AML).
Engage with Us: We believe in the power of community and collaboration in the fight against financial crime. We encourage you to engage with our content, share your thoughts, and connect with other readers. Together, we can create a strong, informed community dedicated to protecting financial integrity and combating criminal activity.
Thank you for visiting the Financial Crime Fighters Blog Network. Stay informed, stay vigilant, and join us in the fight against financial crime.
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