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How Data, Tech and Collaboration ‘Mega-Trends’ are Reshaping Fincrime

game pieces connecting on a map

Change is a constant in the fincrime compliance space, but the last 18 months have seen a breakneck pace of changes – both negative and positive. In a recent survey by Refinitiv of compliance professionals around the globe, 71% of respondents said cybercrime became more difficult to contain during the Covid-19 pandemic, and 66% said that the pandemic has forced businesses to take shortcuts with KYC/due diligence checks.

But there are positive trends as well, including an increased awareness of environmental crimes and a growing recognition of the central importance of public-private sector collaboration. On this episode of the CrimeCast, Phil Cotter, Group Head of Customer & Third Party Risk Solutions, Data & Analytics for Refinitiv, helps you make sense of the “mega-trends” in the fincrime space, including public-private partnership and the linkage between fincrime and ESG.

He also gives insights on how emerging tech and access to the right data are the key trends linking these trends together.

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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 

(JD, Washington)

"It's a vigorous exam. Anyone passing it should have a great sense of achievement."

DANIEL DWAIN

(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."

MORRIS GUY

(CFCS, Royal Band of

Canada, Montreal)

"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."

BECKI LAPORTE

(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."

KATYA HIROSE
CFCS, CAMS, CFE, CSAR
Director, Global Risk
& Investigation Practice
FTI Consulting, Los Angeles

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