[Report] State of Fraud and AML in 2022
[ebook] Fighting ACH Fraud:A Primer on Limiting Exposure and Risk
[checklist] 8 Step AML Compliance ChecklistA 65-Point Framework for Success
Senior Product Designer
Senior Data Engineer
Unit21 Customer Year in Review: 2022
New offerings bring new opportunities for financial organizations to scale, but they can also hold a fair amount of fraud risk. Here, we'll discuss 8 scenarios and how to accelerate growth.
In this webinar, we'll explore 5 ways to protect your customers from fraud and keep your organization off the naughty list this holiday season.
Today’s fraudsters are more well-funded, technologically savvy, and agile than they've ever been before. In this webinar, we’ll discuss what organizations need to know to enter 2023 with confidence.
Several industry-leading voices will present their insights about the biggest compliance trends for 2023 and how to make compliance a lever for growth. Watch now.
2022 was a busy year for fraudsters. Fortunately, Unit21 customers rose to the occasion to fight fraud and money laundering. Read how they used Unit21 to stop bad actors in 2022 here.
The world of anti-money laundering regulations is complex. Discover what AML regulations are, why they are essential, and what regulations apply in different countries around the globe.
We explore whether crypto fraud is a serious threat, and explore how both consumers and financial institutions prevent it from occurring.
We cover the top 3 steps for choosing the right fraud prevention software for your needs, and list questions you should be asking yourself at each step.
Learn how credit card cloning works, how to identify it, how to address it, and how to prevent it from occurring in the future.
In this video, Unit21's Head of Marketing sits down with Robinhood's Lenny Gusel to discuss buying vs. building fraud solutions and the importance of networking and collaboration.
Unit21's Fraud and AML Dictionary offers robust definitions for the industry's most influential terms. Browse FRAML terms today!
When creating a fraud strategy for dormant accounts that suddenly become active, it is essential to understand these two things. Watch the video for answers and insight.
Drill down on the essentials of anti-money laundering (AML) compliance that every financial organization needs to know.
Discover how the Reg E dispute process works, specifically in the context of ATM disputes and the exploitation of provisional credit and how to identify these threats in this quick video.
Learn how to automate the review of mobile check deposit fraud by finely tuning alert thresholds and using customer profiling to detect anomalies in this quick video.
Tackling fraud at scale is no simple task. In this video, listen as Sridhar Kotamraju, Head of Fraud at Goldman Sachs, discusses his career in fraud detection and prevention with Unit21's CEO.
Magic is made when Risk & Compliance teams are incorporated into the product development process. Download this PDF to discover 5 key benefits of collaboration.
When it comes to fraud prevention, many things can go wrong. In this short PDF, we cover the 7 worst fraud practices to avoid. Download it now.
In this hand-out, we'll offer three tips and timeframes for your team to follow to determine the right time to for your organization to adopt Risk & Compliance software.
Here, we'll explore the pros and cons of buying vs. building fraud and AML software and provide a decision framework to help your team make the best choice.
In this look back at 2022, we cover the top fraud trends that dominated crypto and financial services as well as provide key predictions for 2023 to help your organization get ready.
We explore the 3 key steps for reducing false positives within an organization's fraud prevention operations, focusing on breaking threats into different risk categories in this article.
A money services business (MSB) describes a business that transmits or converts money. Here, we'll discuss the main types of fraud these organizations need to look out for.
Find out why Unit21 is an ideal risk and compliance solution to use for fraud detection - and the prevention and protection efforts that follow.
Learn how to Unit21’s link analysis tool can be used to catch crypto fraud by uncovering relationships between individuals and entities on your crypto exchange or platform in this helpful article.
What are the best fraud prevention tools? In this video and written post, Unit21's Head of Fraud Risk, Alex Faivusovich, explores how to build out a proper fraud detection and prevention tech stack.
Perfecting fraud detection and prevention efforts is no easy task. Discover 7 common fraud prevention pitfalls (and how to avoid them!).
We interviewed 3 female members of our DevOps team to provide insight into what led them to choose careers in engineering and what it is like to be a female software engineer at Unit21.
Unit21 hosted a "women in compliance" fireside chat featuring Lisa Lechner (the CCO of Mercari) at ACAMS. Here are 4 practical pieces of advice for women looking to succeed in compliance careers.
Why is no-code technology the future of fraud prevention? Get the rundown here.
Link Analysis is the most effective way to uncover patterns of activity between entities and should be utilized as part of a robust AML program.
Account Takeover (ATO) fraud costs consumers and businesses a lot. However, adhering to best practices and being diligent about monitoring reduces the likelihood of falling victim.
This guide will introduce you to money laundering typologies you're likely to see in neobanking, and important AML regulations that neobanks need to follow.
When it comes to reporting suspicious transactions, there are many types to consider. Here, we'll take a look at some of the main examples.
Discover 6 tips and best practices for building a culture of compliance at your Fintech from experts who have been there and seen what it takes to be successful in this round-up.
Discover the importance of data infrastructure in cryptocurrency compliance and how third-party integrations can be crucial in shaping risk decisions within infrastructure platforms.
There is a lot of information to digest when it comes to transaction monitoring for AML compliance and beyond. In this guide, we'll take a deep dive into everything you need to know.
Suspicious activity reporting is critical for combatting money laundering and other financial crimes. Here's a rundown on best practices for identifying suspicious activity and submitting SARs.
Get a sneak peek of the findings from our recent report on the state of fraud and AML, with data coming directly from 200+ risk and compliance professionals.
If love is blind, could that explain why romance cons are reaching new heights? In this post, we'll take a look at some startling statistics on romance fraud and what financial organizations can do.
Discover the top use cases and applications for regtech - regulatory technology - solutions, and why they’re an effective tool to use for your risk and compliance program.
We explore the relationship between Regtech software and cryptocurrency. Learn how the blockchain can be leveraged by FIs to improve and automate compliance processes.
Discover how risk and compliance teams in the financial industry can manage their compliance operations while protecting their products from fraud and AML by using Regtech.
Learn how to use Regtech for AML by exploring why Fintechs should follow regulations, why Regtech and AML pair well, and the different use cases for AML compliance.
One of the greatest challenges with AML transaction monitoring is the occurrence of false positives. Here, we'll discuss how to reduce false-positive rates to a manageable level.
Many of our customers made the switch from a different vendor to Unit21. In this rundown, we'll cover the main reasons why Risk and Compliance Operations teams decide to adopt Unit21.
Online fund transfer fraud is used by criminals to move money in near real-time, knowing the victim cannot block the transfer in time.
Learn what neobanks are, how they differ from traditional banks, the top benefits of using them, and how to maintain compliance when operating a neobank in this ultimate guide to neobanking.
This comprehensive list of neobank statistics will help you understand the industry by covering stats on the current market size, case management, fraud, and more.
Discover why neobanks need to prioritize fraud prevention by exploring how they're vulnerable to fraud and the best practices risk and compliance teams need to know.
An overwhelming majority of today’s Risk & Fraud teams suffer from a growing backlog of alerts. Here, we explain how Unit21 uses machine learning to help teams prioritize alerts.
When it comes to your organization's KYC procedures, creating an effective program is critical to reduce complexity and ensure compliance. Here, we'll take a look at the 5 steps needed for success.
How can you tell if your AML case management system is pulling its weight? Here, we explore the traits that make up an effective program and the KPIs used to track and measure success.
This piece tackles the basics of Enhanced Due Diligence (EDD) for Politically Exposed Persons (PEPs), and offers checklists and examples to help build out your due diligence efforts.
The market for regulatory technology is continuously expanding. How can financial organizations make the right choice? In this post, we'll discuss four best practices FIs can use as a roadmap.
Creating and implementing effective customer identity verification processes should be a top priority for organizations in financial services. This piece will tackle six common KYC challenges.
The process of vetting customers to weed out criminals is a vital component of any financial services risk and compliance program. Here, we'll take a deep dive into Identity Verification.
Building a compliant neobank is a complicated process. We’ll walk you through 8 essential steps to make sure your neobank is compliant from prep to post-launch.
AML case management is essential to ensuring your organization complies with regulatory and legal obligations. Here's a rundown on how to choose the right AML case management software.
A good compliance program is only as strong as its weakest rule. Creating strong, logical transaction monitoring rules that cover the gamut of fraudulent activities is critical. Here's how.
The best identity verification software can help financial organizations achieve compliance with regulations and legislation, prevent fraud, and approve more good customers at scale.
In today's cyber-enabled world, it is challenging for FIs to balance the cost of compliance with innovation. Here, we’ll highlight the enhanced cost efficiencies of AML software.
Having a robust system for identifying and addressing suspicious activity is paramount for remaining compliant. Here, we’ll discuss how to conduct successful AML investigations.
The future of neobanks lies not in achieving growth, but in conquering fraud. In this post, we'll take a look at the impacts of fraud on the neobanking industry and offer some advice for prevention.
How has next-gen Regtech gone from being a nice-to-have to an essential tool for mitigating AML and terrorist financing risks and how has the risk-based approach evolved as a result? Find out here.
How can crypto companies be prepared for what’s to come concerning regulation and compliance? Here, we’ve engaged four industry experts to provide insights into current regulation trends.
Preventing fraud is a constant battle for financial organizations, but it is very containable with proper measures and controls. This extensive guide covers all the essential topics required.
First-party fraud (FPF) is a growing concern for financial organizations. In this post, we'll cover how to identify this form of fraud and which best practices to follow to prevent it.
Discover how these three innovative technologies are disrupting traditional financial services. We cover their similarities, differences, and top use cases.
Learn what is involved with Fintech compliance, including the regulatory bodies to know, the regulations you have to follow, and steps to ensure you stay compliant.
Financial crime is a growing concern. In this post, we'll discuss what organizations in the financial space must do in order to avoid becoming a victim of financial crime.
What if you and your team could build flexible, customizable models that flag alerts without writing a single line of code? Well, with Unit21’s new Dynamic Model Builder, you can. Get all the details.
For any crypto exchange to remain competitive, it must take proactive steps to prevent fraud. Here, we'll explore different forms of crypto fraud and how exchanges can help customers avoid scams.
Learn how you can add risk and compliance operations to your FinTech stack to ensure you stay abreast of AML regulations and mitigate the risk of fraud.
Regulated businesses understand the necessity of adopting Regtech, but at what point in the company's lifecycle should this be considered? We'll discuss these questions here.
We explore the top benefits of building a collaborative risk culture that encourages cooperation between risk and product teams. Learn what risk professionals can offer to the product team here.
When it comes to Regtech, should you build it or should you buy it? Here, we'll explore the pros and cons of buying vs. building fraud and AML software and provide a decision framework.
Effective transaction monitoring software can protect the organization from being targeted by criminals and help maintain compliance. Here's how to choose the best technology for your business.
Learn how to prevent and detect fraud in your Fintech by exploring the importance of anti-fraud in Fintech, top prevention methods, and the best solutions.
Money laundering is a global problem. Here, we’ll discuss the state of global money laundering, the challenges posed by current AML compliance systems, and three AML technology systems required.
AML risk assessments are a critical component in anti-money laundering efforts. Discover how to use comprehensive risk analysis processes to bolster your overarching AML program strategy here.
An AML model is a process that helps businesses ensure that current practices align with existing compliance regulations. Discover how to develop an effective system for identifying bad actors here.
The anti-money laundering regulatory environment is rapidly changing. Here's a look at the notable AML fines for 2022 so far, upcoming regulation priorities, and best practices to avoid penalties.
When it comes to AML compliance programs, the case management process is key to ensuring the system is both efficient and effective. In this guide, discover everything you need to know.
Reviewing alerts just to realize it’s not valuable is a pain for investigators. That’s why Unit21 created Alert Scores - to help reduce false positives and separate the signal from the noise.
A significant alert backlog can hinder an organization from meeting its regulatory requirements. In this post, we'll discuss four steps that financial organizations can take to reduce their backlog.
ACH fraud is on the rise. Therefore, financial organizations must have the proper tools and processes in place. Here, we’ll cover how ACH fraud works and what controls are needed to stay safe.
Investing in compliance transformation and integrating a FRAML risk framework is essential in today's digital world. In this post, we'll explore why fraud and AML teams should join forces.
Here's a look at the three stages of money laundering through the lens of an ex-DEA agent and how financial organizations can use regulatory technology to identify bad actors and financial crime.
How can Unit21's Transaction and Data Monitoring platform help your organization catch bad actors and fight financial crime? Download our product guide to learn more.
Unit21 is the unified KYC & AML platform. Get access to everything you need to transform your compliance, risk, and fraud systems. Download the Unit21 platform guide to learn more.
How can Unit21's Identity Verification solutions help your organization catch bad actors and fight financial crime? Download our product guide to learn more.
How can Unit21's AML Case Management system help streamline your KYC/AML compliance investigations? Download our product guide to learn more.
We surveyed 231 risk and compliance professionals to understand the trends, challenges, and priorities in tackling fraud and money laundering this year.
In this eBook, discover why ACH fraud is on the rise and how financial organizations can minimize risk. Download it now.
In this eBook, discover best practices for implementing the 5 Pillars of a BSA/AML program and get details for how to overcome systematic shortcomings. Download it now.
Put risk and compliance teams in the driver's seat with automated and customizable tools. Download this eBook to learn more.
Compliance teams are the critical gatekeepers responsible for identifying and stopping financial crimes like money laundering. This interactive PDF will help your company stay organized.
How PrizePool Prevented $500K in Fraudulent Transfers Using Unit21
How Metal Pay Cuts Investigation Times by 50% with Unit21!
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