Nat Yanovich’s Post

As we enter International Fraud Awareness Week, the ECSRC takes this opportunity to revisit some of the key takeaways from Financial Investment Month. A smart investor always does due diligence on an investment opportunity (avoiding “get rick quick” and “can’t lose” schemes), verifies that an investment professional is licensed, and ensures the use of strong passwords and good data security practices such as two-factor authentication on accounts containing financial data. Current and potential investors are also encouraged to check the Fraud section of the Investor Centre on our website at ecsrc.com. #fraudweek #fraudawareness #investmentfraud #duediligence #fraudavoidance 

Heading to the 35th Annual Global Association of Certified Fraud Examiners (ACFE) Conference in Las Vegas this month? From thought-provoking sessions to hands-on workshops, #ACFEGlobal2024 is where you'll want to be this June 24-26. If you missed our team at #ACFEEurope2024 in London earlier this year, swing by Booth #408. We've got a lot to share with you. See you there! #DueDiligence #TrustScout #Investigations #RiskManagement #FraudPrevention #FraudConference

Recently, our Head of Collaboration, Rosie Campo, and our Head of Data Products, Warren Bulmer, presented to over 300 members of Westpac’s Financial Crime Surveillance team. They provided an update on the topic of child sexual exploitation (CSE), focusing on online-facilitated abuse and exploitation and how it relates to a financial institution. The presentation highlighted the costs of the crime from both an operational and human impact perspective, emphasising how financial institutions can continue to help fight CSE by utilising data and online footprints left behind by those using financial platforms to detect and report the crime. At ICMEC Australia, we provide a variety of support initiatives to the financial services industry to help strengthen the response to CSE, including: - Webinars and events - Training and awareness programs - A collaborative working group focused on financial crime - Technological solutions such as ICMEC Australia’s Data Product and Red Compass Labs CSE typologies portal #ICMECAustralia #FinancialCrime #ChildProtection #CSEAwareness #OnlineSafety #FinancialInstitutions #DataProducts #FightCSE #CyberSafety #RedCompassLabs #Collaboration #ProtectingChildren #EndCSE #TrainingandAwareness

Check out our very own Craig McClure at the Fraud Leaders' Summit! 🎥 We’re proud to share his insights on fraud prevention and revenue protection. 💪 Big thanks to #FraudLeadersSummit for an incredible interview! Watch the full video below: #Chargebacks911 | #FraudPrevention | #EcommerceSecurity

Fraudsters are growing increasingly wise and technology is evolving at high speed. Staying ahead in the battle against fraud is more critical than ever. 🚨 The 2024 ACFE Report to the Nations provides a comprehensive overview of the latest trends, statistics, and strategies in the fight against occupational fraud. Neena Shukla, CPA, CFE, CGMA, FCPA, Partner at PBMares, dives into the key insights from this report. 👇 https://lnkd.in/e7TgDYuv #PBMares #fraud

The Thought Leadership team at #ACAMS has highlighted the 📣 alarming rise in investment frauds 📣, such as pig butchering and other schemes. If you are in any of the three lines of defense of a regulated entity, such as a broker, investment advisor, or similar financial institution, you should consider listening to our presentation. ⏰ A gentle reminder to register for our upcoming webinar, "AFC in Practice: How Criminals Profit from Large Order Securities Trades," on June 26. Stephanie Clark, and I will be moderating the session alongside experts Peter Gonzalez from FINRA and Alison Jimenez from Dynamic Securities Analytics. Enterprise members (many of you) can attend for free. If you're unsure about your membership status, email me. 🎯 Register for the webinar here. https://lnkd.in/eZheq8vb Together, we will review the latest capital market schemes and provide you with actionable advice. ⬇ If relaxing with a cool drink in the shade isn't your thing, I encourage you to explore some of our publications on the ACAMS Premium Resource page. We offer a range of valuable materials, such as the recent "AFC Bulletin - Suspicious Activity Trends from Three Asian Financial Centers 2024," "Making the Subpoena Process More Effective Toolkit," "Best Practice Guide: Operationalizing AFC Efficiently," "Anti-Financial Crime Toolkit: Exploitative Crimes," and "Global AFC Threats Report." #ACAMS_ML #AFC #AML #ACAMSThoughtLeadership #FINRA Justine Walker, Craig Timm, Joby Carpenter, George Voloshin, Sam Cousins, Caryn Leong

🌍 Recommendations from the Global Financial Crimes Summit 2024. 📍 Intercontinental Sydney | 14-15 November 2024. IFW Global and the Association Internationale de Lutte Contre la Cybercriminalité (AILCC) Chaired by the Co- Director of the African Center for Cyberlaw and Cybercrime Prevention (ACCP) , Dr. (Habil.) Mohamed CHAWKI successfully co-hosted the "Global Financial Crimes Summit 2024", bringing together 140 participants and stakeholders from diverse fields, including government, law enforcement, academia, finance, banking, and insurance sectors. The summit featured renowned speakers—academics, law enforcement officials, civil society representatives, and financial crime experts—sharing insights on combating emerging threats in financial crime. Key Recommendations to Combat Financial Crimes: 1️⃣ Strengthen Public-Private Partnerships: Foster collaboration between public agencies and private entities to share intelligence, resources, and expertise for more effective crime detection and prevention. 2️⃣ Enhance Technological Capabilities for Cybercrime Detection: Invest in AI and data analytics to proactively detect patterns and anomalies, countering advanced financial fraud schemes. 3️⃣ Develop Robust Regulatory Frameworks for Cryptocurrencies: Implement clear and enforceable virtual currency regulations to prevent misuse in money laundering and other financial crimes. 4️⃣ Promote Cross-Border Collaboration on Cybercrime Investigations: Strengthen international cooperation for rapid information sharing and coordinated responses to transnational financial crimes. 5️⃣ Implement Comprehensive Training for Financial Crime Professionals: Equip financial sector professionals with up-to-date knowledge and tools to identify and prevent cyber-enabled fraud and scams. 6️⃣ Encourage Data-Driven Approaches for Financial Crime Prevention: Utilize data analytics to drive risk-focused strategies, ensuring resources are directed to the most vulnerable areas. 7️⃣ Increase Awareness of Victim Support Resources: Educate financial crime survivors on available support mechanisms and integrate victim services into financial crime response frameworks. 8️⃣ Adopt Stronger Internal Controls in Financial Institutions: Continuously improve internal governance to mitigate vulnerabilities and reduce the risk of internal fraud. 9️⃣ Facilitate Research on Emerging Cybercrime Threats: Promote collaboration between academia and industry to anticipate future trends, particularly those involving new technologies and digital assets. 🗓️ Stay tuned for our next joint event in 2025! Missed the opening session? 🎥 Check out the recap in the video below. #GlobalFinancialCrimesSummit #CybercrimePrevention #FinancialSecurity #Collaboration #Innovation #Regulation https://lnkd.in/dEjvsKTu

💥 Excitement is building as the Coalition Against Financial Crime #CAFC prepare for an incredible event at the #FRIM Fraud Intelligence and Risk Management Conference where the brightest minds in intelligence and financial crimes come together! 💼💡 I’m truly honored to stand alongside the talented and dedicated leaders of this community — a group of individuals who aren’t just colleagues but lifelong friends. Over the years, we’ve seen how the landscape of financial crimes and intelligence has evolved, and it’s been an unforgettable journey working with this network of experts to combat these challenges head-on. As a proud board member of the Coalition Against Financial Crime, I’m looking forward to the conversations, insights, and new ideas we’ll all share at this year’s event. It’s moments like these that remind me of the power of collaboration — that when we come together, we can tackle even the toughest issues. To my fellow board members, industry veterans, and all the incredible participants — thank you for your unwavering commitment. I can’t wait to reconnect and continue pushing the boundaries of what we can accomplish. Let’s make this year’s conference one to remember! 🙌 John C. Calderon Sanjeev Menon, SHRM-CP, CSP Zachary Plotkin, LION Urriolagoitia Miner #Leadership #FinancialCrimes #IntelligenceCommunity #Collaboration #FRIM2024 #AML #Fraud #Fintech #Compliance #KYB #KYC #Riskmanagement #Risk

🌍 Recommendations from the Global Financial Crimes Summit 2024. 📍 Intercontinental Sydney | 14-15 November 2024. IFW Global and the Association Internationale de Lutte Contre la Cybercriminalité (AILCC) successfully co-hosted the "Global Financial Crimes Summit 2024", bringing together 140 participants and stakeholders from diverse fields, including government, law enforcement, academia, finance, banking, and insurance sectors. The summit featured renowned speakers—academics, law enforcement officials, civil society representatives, and financial crime experts—sharing insights on combating emerging threats in financial crime. Key Recommendations to Combat Financial Crimes: 1️⃣ Strengthen Public-Private Partnerships: Foster collaboration between public agencies and private entities to share intelligence, resources, and expertise for more effective crime detection and prevention. 2️⃣ Enhance Technological Capabilities for Cybercrime Detection: Invest in AI and data analytics to proactively detect patterns and anomalies, countering advanced financial fraud schemes. 3️⃣ Develop Robust Regulatory Frameworks for Cryptocurrencies: Implement clear and enforceable virtual currency regulations to prevent misuse in money laundering and other financial crimes. 4️⃣ Promote Cross-Border Collaboration on Cybercrime Investigations: Strengthen international cooperation for rapid information sharing and coordinated responses to transnational financial crimes. 5️⃣ Implement Comprehensive Training for Financial Crime Professionals: Equip financial sector professionals with up-to-date knowledge and tools to identify and prevent cyber-enabled fraud and scams. 6️⃣ Encourage Data-Driven Approaches for Financial Crime Prevention: Utilize data analytics to drive risk-focused strategies, ensuring resources are directed to the most vulnerable areas. 7️⃣ Increase Awareness of Victim Support Resources: Educate financial crime survivors on available support mechanisms and integrate victim services into financial crime response frameworks. 8️⃣ Adopt Stronger Internal Controls in Financial Institutions: Continuously improve internal governance to mitigate vulnerabilities and reduce the risk of internal fraud. 9️⃣ Facilitate Research on Emerging Cybercrime Threats: Promote collaboration between academia and industry to anticipate future trends, particularly those involving new technologies and digital assets. 🗓️ Stay tuned for our next joint event in 2025! Missed the opening session? 🎥 Check out the recap in the video below. #GlobalFinancialCrimesSummit #CybercrimePrevention #FinancialSecurity #Collaboration #Innovation #Regulation