Smartnumbers’ Post

Here’s an idea: put up a poster in your office that warns of elderly financial fraud—one that shares a story of a grandmother ripped off by someone posing as her grandson in a phone call. Read the story here to learn more: https://okt.to/8NnLgO #RCW #RegulatoryCompliance #Seniors #FraudPrevention

💸 One of the most effective ways to combat organized crime is to #FollowTheMoney. 🕵️ By tracking illicit financial flows and targeting the financial infrastructure that supports criminal activities, we can disrupt the operations of criminal networks. This approach requires robust financial intelligence, #InternationalCooperation, closing massive loopholes in the licit economy, and the political will to enforce anti-money laundering laws. To weaken organized crime, we need to cut off its financial lifelines. 💡Learn more: https://buff.ly/3XNmjNY

We are thrilled to have our President of the Americas Carolyn Homberger, speak at the Electronic Transactions Association Breakthrough Event in Payments about Navigating the Evolving Landscape: AI-Powered Insights into Fraud & Financial Crime in North America. https://lnkd.in/er5vYDxb #fraudprevention #scamprevention #financialcrimeprevention

The CEO and founder of Contactable, Shaun Strydom, will speak about the opportunities and challenges of using new technologies in combatting money laundering at the upcoming annual Anti-money Laundering & Financial Crime 2024 conference. Keep an eye on our social media channels for feedback from our team attending the conference! #antimoneylaundering #financialcrime #conference #2024 #Contactable

Our latest report reveals the harsh reality of financial sextortion: 38% of victims made payments to their perpetrators, but this often did not stop the harassment. In fact, 27% of those who paid experienced continued demands after the first payment. Visit our blog for resources on what to do if you or someone you know is being sextorted online: https://lnkd.in/gzW9ea8u

Despite high levels of confidence, our new research reveals that three out of five people aged 65-79 could not identify whether a bank text message was legitimate or a scam. Join our webinar to hear new research on the scale of financial fraud and its specific impact on the lives of older people. 📆 Wednesday 5 June ⏰ 1pm-2pm Register here: https://lnkd.in/eSY9qDyJ #FinancialFraud #FinancialCrime #FinancialServices #FraudPrevention #ConsumerProtection

What happens when financial institutions share information effectively? Everyone wins—except the fraudsters. In a new blog, fraud expert Lester Joseph explains why reforming information-sharing policies is critical to fighting financial crime. Explore his thoughts: https://okt.to/AMpNzu #Mulevember #FinancialCrime #BankingIndustry

#314(b) #informationsharing #AML #Fraud AML legend Les Joseph shares some great insights on the need for greater bank-to-bank information sharing to more effectively combat fraud.

🌟 l Financial Crime 360 Conference 🌟 Financial Crime 360 even has kicked off…Engaging discussions on APP Reimbursement Review and whether the latest regulations are truly fit for purpose were front and center. It is amazing to hear from experts representing a wide array of industries and organizations working together to tackle financial crime. The collaborative spirit and the wealth of ideas exchanged were inspiring. A huge thank you to the organizers and panelists for putting this together, and sponsors for supporting this important dialogue. The fight against financial crime requires all hands on deck, and events like these are a crucial step forward. Looking forward to seeing how these discussions translate into actionable change! #FinancialCrime #RegTech #Collaboration #Innovation #fraudsersarehighlysophisticated

Have you considered how your business may unintentionally help financial abusers? Products and services can be weaponised as a tactic of coercive control and manipulation. Perpetrators misuse services like banks, insurance companies, telecommunications providers, energy and water to threaten victim-survivors or accrue debts in their name leaving them financially decimated. As a business, you can make it clear that you promote respect for women and protect against financial abuse through a simple update to the terms and conditions of use for any product or service. The Respect and Protect movement say it's as simple as: 1. Updating your terms and conditions to make it clear you don’t want your products and services weaponised by domestic and financial abusers 2. Telling your customers and the community that you’re promoting respect for women and protection from financial abuse For more information, and to join the movement, check out https://lnkd.in/guVhXaSx Flequity Ventures #financialabuse #familyviolence #domesticviolence #respectandprotect #violenceagainstwomen #corporateresponsibility #socialresonsibility