FINTRAIL

🔐 Unlocking the Complexities of Virtual Accounts Virtual accounts have transformed cash management and payment processes - but this innovation brings unique risks, particularly in financial crime. FINTRAIL’s latest white paper dives into the nuanced challenges faced by issuers, from the complexities of nested relationships to the lack of visibility over end-user identities. 📖 Whether you’re a financial institution, regulator, or professional in the fintech sector, this white paper is a vital resource to help you understand and manage the risks associated with virtual accounts: https://lnkd.in/e-dKtRQq #VirtualAccounts #FinancialCrime #Fintech #Finance #Compliance #RiskManagement

🚨 How can firms win the fight against APP fraud? Tune in as FINTRAIL's Managing Director, James Nurse, joins the Sumsub podcast to break down the reimbursement rules, examine recent cases and uncover strategies to combat fraudsters’ evolving tactics 🎙️👇

📢 Yesterday, we highlighted the importance of strengthening your sanctions controls, especially given recent regulatory actions. For firms navigating an increasingly complex sanctions landscape, simply having a list is no longer enough. That’s why we’re excited to co-host a sanctions masterclass in collaboration with Ripjar, titled “Going Beyond the List.” This session will cover: 💡 How to adopt a more intelligence-led approach to sanctions screening 📊 How alternative data sources can maximise your sanctions screening coverage 🤖 How AI can help balance the practicalities with the possibilities 🔗 Register now: https://lnkd.in/eCuyCJzy 🗓️ Wed 27 Nov 2024 ⏰ 14:00–15:30 GMT 🕵 Speakers: Ciara Aitchison, Director, FINTRAIL Emil Dall, Senior Consultant and Sanctions Lead, FINTRAIL Abhijith Rajan, Ph.D., Operational Data Scientist, Ripjar

📢 Starling Bank’s recent £29 million fine for sanctions failings has prompted firms to take a hard look at their own controls. The FCA’s action highlights the critical importance of maintaining strong, up-to-date sanctions screening processes. In an environment where sanctions regimes are increasingly complex and evolving, examining and reinforcing your sanctions controls should be a top priority. 🔗 To support firms in this effort, we’ve created a Screening Model Validation Checklist: https://lnkd.in/erP5f8yW This checklist covers key areas to ensure your screening system is compliant and effective, including: - Ensuring screening coverage across all product lines and customer types - Managing watchlists and reducing false positives - Validating alert settings and matching methodologies - Conducting data testing to identify missing fields - Establishing robust governance and reporting processes 🚨 These steps are crucial for maintaining the integrity of your screening system and managing the risk of sanctions violations. ℹ️ At FINTRAIL, we specialise in helping fintechs and payment firms strengthen their sanctions controls. Whether you’re enhancing existing frameworks or need a comprehensive review, we’re here to support you. Learn more about how we can help: https://lnkd.in/eSmD99b5 #sanctions #financialcrime #screening

📢 We have updated our enterprise-wide risk assessment checklist 👇 This free resource is designed to help you identify and mitigate key financial crime risks, ensuring your organisation stays compliant and proactive. From money laundering to fraud, this checklist covers the critical areas to focus on in your risk assessment. 🔗 https://lnkd.in/ebred8H8 We hope you find it useful! #FinancialCrime #RiskAssessment #Compliance

📢 Financial Crime Training - More than a Tick-Box Exercise Off-the-shelf training can often miss the mark when it comes to preparing your team for the complex and evolving challenges of financial crime. In our latest blog, we explore why bespoke training is essential for businesses, and how relying on generic solutions can leave you exposed to unnecessary risks. 🔗 Read the full blog here: https://lnkd.in/ei6zf8SX At FINTRAIL, we focus on delivering training that’s tailored to your specific needs, ensuring it’s both relevant and impactful. Interested in learning more? Get in touch! #FinTech #FinancialCrime #ComplianceTraining #RiskManagement #FinCrime

💡📖 Five Principles of a Dynamic Assurance Programme Having an adaptable and agile assurance framework is critical to face a rapidly shifting risk landscape. But how do you build this out? Explore the 5 vital elements of an effective and dynamic assurance framework in our guide: 1️⃣ Risk-based approach 2️⃣ Link your assurance framework to your risk assessment 3️⃣ Feedback loop 4️⃣ Regulation mapping 5️⃣ Proactive vs reactive 👉 Download now: 🔗 https://lnkd.in/ejgunU_2 #fincrime #assurance #compliance

💼 Q3 in Review: A Busy Quarter for FINTRAIL 🔍 For those new to our page, we publish a quarterly infographic recapping some of the key projects we’ve been working on and our FinCrime predictions for the months ahead 👇. Q3 was particularly busy for the FINTRAIL team - we supported a wide variety of firms with audits, market expansion, fraud prevention, bespoke training and more. 🔮 What’s coming next? We continue to see demand for fraud assurance services, and a growing focus on sanctions compliance as firms respond to recent enforcement actions. The financial crime landscape is evolving fast, and we’re here to help businesses stay ahead. Please reach out if you need our help or would like to find out more about our services 📧. #FinTech #FinancialCrime #FraudPrevention #SanctionsCompliance #FinCrime

🌍 Fraud is a growing challenge for fintechs, payment firms, and other financial institutions around the world. With increasingly sophisticated methods of attack, fraudsters are exploiting weaknesses in fraud controls, targeting businesses with tactics like authorised push payment (APP) fraud. At the same time, evolving regulations are forcing companies to strengthen their fraud defences or face penalties. To help you navigate these complexities, FINTRAIL has created an Anti-Fraud Toolkit 📊— free and practical resources to help empower your team and strengthen your controls. 🔗 https://lnkd.in/emgy4m9N 🤝 Need support? Our experts can provide: - Tailored fraud risk assessments - Independent fraud control reviews - Bespoke fraud monitoring programs Reach out to us if you'd like to find out more. #Fraud #Fintech #Compliance #Fincrime

🎉 Why does the FinCrime community love FFECON? Find out from past attendees in the video below! 👇 We’re gearing up for our biggest and best conference yet, featuring interactive sessions, expert speakers, and real-world strategies to tackle high-risk challenges in FinCrime. 🚀 Early bird tickets are available now! Don’t miss your chance to save – prices increase soon. 🔗 https://lnkd.in/eXiNxgh7 Join us on 27 February 2025 at 22 Bishopsgate, London for a day of learning, networking, and innovation! #FFECON25 #FinCrime #TheArtOfRisk #FinTech