Posted by Brian Kindle - 05/28/2021
What Covid-19 Taught Us About Fraud and Money Laundering
For most of the financial crime compliance world, the past 18 months have been a long, strange trip, one marked by disruption and confusion, but also innovation and adaptation.
The same has been true for financial criminals – fraudsters and money launderers adapted quickly to the pandemic reality, and continue to profit from the shift to digital-first financial services.
As many countries around the world start to reopen and the pandemic moves to a new phase, what lessons were learned from financial crime during the Covid-19 era? What new strategies and attitudes must be employed by FIs to deal with financial crime in the digital transformation?
On this Financial CrimeCast, we explore this wide-ranging topic with Andrew Corbett, a member of the NICE Actimize Premier Solution Consultants team. Drawing on this work with banks, credit unions and fintechs to tackle a variety of fincrime challenges, Andrew shares some insights on combating fraud by capturing user behaviors, how contextualizing non-monetary risk is essential for proper customer due diligence, and much more.
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