Posted by Brian Monroe - firstname.lastname@example.org 10/03/2022
Fusion Chains – The Next Evolution in FinCrime Prevention Beyond Fusion Centers
For many financial institutions, the dream of a single unit to combat financial crime – a team that would combine expertise, data and intelligence across departments and compliance functions – has become a reality. The financial crime “fusion center” model has proven successful at breaking down silos and producing better intel for law enforcement, and while progress has been slow and halting at times, it’s been adopted by institutions around the world.
Now that fusion centers are well-established and battle-tested, what’s next for innovations in financial crime compliance? What would it take to move beyond a single fusion center at one institution, to a broader vision of information-sharing and collaboration between public and private sectors, a “fusion chain?”
On this unique episode of the Financial CrimeCast, join Quantifind’s Chief Operating Officer, Graham Bailey, as he explores the next evolution in financial crime compliance and unveils the concept of the fusion chain. He’ll give insights on where the fincrime compliance industry is heading, and what three tools combined will allow the AML and fincrime world to tackle its complex challenges at scale.
See What Certified Financial Crime Specialists Are Saying
"The CFCS tests the skills necessary to fight financial crime. It's comprehensive. Passing it should be considered a mark of high achievement, distinguishing qualified experts in this growing specialty area."
KENNETH E. BARDEN
"It's a vigorous exam. Anyone passing it should have a great sense of achievement."
(CFCS, Official Superior
de Cumplimiento Cidel
Bank & Trust Inc. Nueva York)
"The exam tests one's ability to apply concepts in practical scenarios. Passing it can be a great asset for professionals in the converging disciplines of financial crime."
(CFCS, Royal Band of
"The Exam is far-reaching. I love that the questions are scenario based. I recommend it to anyone in the financial crime detection and prevention profession."
(CFCS, CAMS Lead Compliance
Trainer, FINRA, Member Regulation
Training, Washington, DC)
"This certification comes at a very ripe time. Professionals can no longer get away with having siloed knowledge. Compliance is all-encompassing and enterprise-driven."
CFCS, CAMS, CFE, CSAR
Director, Global Risk
& Investigation Practice
FTI Consulting, Los Angeles