Financial Crime Prevention

Inevitably, financial organisations are targets for criminals wishing to defraud individuals and companies. People working in banking, insurance and credit fraud teams play a pivotal role in policing and identifying fraudulent activities. Part of their job is prevention. The other is to look for discrepancies and transactions that just don’t add up; for instance, a chip and pin being used to pay for goods in two very different parts of the world or a suspicious loan, life insurance policy surrender or mortgage application. Using leading-edge technology, industry insight and profiling techniques, analysts, screeners and investigators try to mitigate exposures to loss by pre-empting the criminal minds. They also analyse transactions to try and spot subtle patterns of fraudulent activity.