Risk & Compliance Resources Center
Fraud Risk Management: What It Is + How to Build a Program
This guide to fraud risk management will discuss what it is and why businesses should know about it. It will also explain the foundations of a fraud risk management framework and how to build them.
Real-Time Payments 101: What They Are + How to Prevent Fraud
Real-time payments are gaining worldwide popularity. Find out why as we cover how they work, their potential applications, and countermeasures against them being used for fraud.
Combating Insurance Fraud: How to Detect + Prevent It
Learn what insurance fraud is, common schemes used to commit this type of fraud across different insurance industries, and how to prevent it from happening.
Compliance Risk Management: What It Is + Best Practices
Learn what compliance risk management is, what the risks of non-compliance are, and best practices to manage risks associated with compliance.
Credit Union Compliance: Key Regulations & How to Build a Compliance Program
Learn what credit union compliance is, the main regulations you need to follow (and who enforces them), and how to build your credit union compliance program.
eCommerce Fraud Prevention: Common Types + How to Prevent It
We explore everything there is to know about eCommerce fraud prevention, including the main types of fraud used and best practices for prevention.
Buy Now Pay Later Fraud: What It Is + How to Prevent It
Learn what Buy Now Pay Later Fraud is, the most commonly used BNPL scams to watch for, and how to prevent BNPL fraud from happening.
Chatting All Things Fraud Fighting With Industry Experts from Robinhood, Melio, Rho, & Unit21
Industry experts share their best advice on growing a career in fraud, why FRAML should be considered a competitive advantage, and the benefits of building relationships within the fraud industry.
How to Utilize Non-Monetary Fraud Indicators
Learn how you can utilize non-monetary fraud indicators to detect - and root out - fraud.
Guide to Synthetic Identity Fraud
We explore all there is to know about synthetic ID fraud, including what it is, how it works, and how to detect and prevent it.
Webinar On Demand: Romance Fraud: The New language of Love?
Join industry experts to discuss the evolution of romance fraud, its global impact on financial organizations, and what companies can do to educate customers and keep them safe from falling victim.
AML (Anti-Money Laundering) Trends to Look For in 2023
We explore the most relevant and pressing AML trends for organizations to be on the lookout for in 2023, and explain how organizations can stay one step ahead.
When to Deem Apple Store Activity Suspicious
Learn how to detect and investigate suspicious activity on big brand stores like the Apple Store, and why it’s such a prevalent problem.
How to Stop Identity Fraud Rings from Taking Advantage of Your Fintech Platform
Learn how Fintech platforms can stop fraud rings from taking advantage of their platforms, and the main tactics they’ll use.
New Account Fraud Red Flags to Watch For
Discover the main red flags to look out for attempting to combat new account fraud, identity theft, and synthetic ID fraud.
Biggest Risk Signals for Account Takeover Fraud
Learn the biggest risk signals to look for when it comes to account takeover and how fraudsters use these accounts to commit further fraud.
How Unit21 Looks at the Fraud Landscape
We explain our outlook on the current - and future - fraud landscape, and discuss the best ways to stay safe and secure in this video.
Payments Compliance & Monitoring Explained
We look at what payments compliance is, what the different regulations are, and how organizations can achieve regulatory compliance.
Fraud DAO Blog
Discover the benefits of industry collaboration when it comes to fintech fraud detection and prevention. The Fintech Fraud DAO blog is dedicated to educating fintechs on the power of consortium.
How to Prevent Fraud
We explore the top 5 ways for organizations to prevent fraud, ensuring users - and the platform - are kept safe and secure in this video. Watch now!
Web3 and The Decentralized Autonomous Organization (DAO)
Here, we discuss Web3, the various trending technological innovations in the space, their risks, the potential for adoption in data-sharing platforms, and how they can be used to help level the field.
Challenges in the B2C Fintech Market Landscape (Part 1)
Collaboration between FIs is an efficient way to detect and prevent fraud. However, several challenges present themselves in developing, managing, and maintaining consortium products.
Webinar On Demand: Holiday Fraud: 5 Ways to Protect your Customers This Year
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.
Webinar On Demand: Managing Fraud Risk: Fraud Trends and Predictions for 2023
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.
Webinar On Demand: Top Compliance Trends 2023
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.
Year in Review 2022
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.
Anti-Money Laundering Regulations Financial Organizations Should Know (and Follow!)
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.
Is There a Such Thing As Cryptocurrency Fraud?
We explore whether crypto fraud is a serious threat, and explore how both consumers and financial institutions prevent it from occurring.
What are the main steps you need to take to choose the right fraud prevention software?
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.
How does credit card cloning fraud work and how can you prevent it from happening?
Learn how credit card cloning works, how to identify it, how to address it, and how to prevent it from occurring in the future.
Buying vs. Building Fraud Solutions with Robinhood's Lenny Gusel
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.
Fraud and AML Dictionary
Unit21's Fraud and AML Dictionary offers robust definitions for the industry's most influential terms. Browse FRAML terms today!
Fraud Strategy for Dormant Activity
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.
Fraud Prevention Playbook
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.
Ultimate Guide to AML Compliance for Financial Organizations
Drill down on the essentials of anti-money laundering (AML) compliance that every financial organization needs to know.
How to Detect Reg E Dispute Fraud in the US
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.
How to Automate the Review of Mobile Check Deposits
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: Challenges and Solutions
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.
How Product and Risk Teams Collaborate Hand-Out
Magic is made when Risk & Compliance teams are incorporated into the product development process. Download this PDF to discover 5 key benefits of collaboration.
Hand-Out Download: Bad Fraud Practices to Avoid
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.
Hand-Out Download: When to Adopt a Risk & Compliance Solution
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.
Buying vs. Building a Risk & Compliance Solution
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.
Fraud Trends and Predictions for 2023
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.
How to Reduce False Positives in Fraud Prevention
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.
Types of Fraud That Money Services Businesses (MSBs) Should Know
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.
4 Ways to Use Unit21 for Fraud Detection
Find out why Unit21 is an ideal risk and compliance solution to use for fraud detection - and the prevention and protection efforts that follow.
How to Use Unit21's Link Analysis for Catching Crypto Fraud
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.
Best Fraud Prevention Tools
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.
7 Bad Anti-Fraud Practices: What to Avoid to Prevent Fraud
Perfecting fraud detection and prevention efforts is no easy task. Discover 7 common fraud prevention pitfalls (and how to avoid them!).
Women in Software Engineering at Unit21: DevOps
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.
Women in Compliance: 4 Critical Tips for Career Advancement
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 No-Code Is the Future of Fraud
Why is no-code technology the future of fraud prevention? Get the rundown here.
Link Analysis: A Secret Weapon for AML
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 Fraud: What It Is and How to Stop It
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.
Money Laundering Typologies Neobanks Should Know to Prevent Fraud
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.
Types and Examples of Suspicious Transactions: A Closer Look
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.
6 Tips for Growing and Scaling Your Fintech Compliance Team
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.
Third-Party Integrations: How They Play Into Crypto Risk & Compliance Data Infrastructure
Discover the importance of data infrastructure in cryptocurrency compliance and how third-party integrations can be crucial in shaping risk decisions within infrastructure platforms.
The Complete Guide to Transaction Monitoring: Everything to Know
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: 6 Best Practices to Follow
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.
The State of Fraud and AML: How to Build a Successful Program
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.
Romance Fraud: Love, Lies, and Billions Lost
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.
Top 7 Regtech Use Cases in the Financial Sector
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.
Regtech and Cryptocurrency: Importance, Regulation, and More
We explore the relationship between Regtech software and cryptocurrency. Learn how the blockchain can be leveraged by FIs to improve and automate compliance processes.
Regtech Compliance: How to Manage Regulations + Stay Compliant
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.
Regtech for AML: 6 Regtech Use Cases to Improve AML Compliance
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.
How to Reduce False Positives in AML Transaction Monitoring
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.
4 Reasons Why Customers Switch to Unit21
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.
5 Online Transfer Fraud Schemes and How to Prevent Them
Online fund transfer fraud is used by criminals to move money in near real-time, knowing the victim cannot block the transfer in time.
Ultimate Guide to Neobanking: What It Is, Benefits, + Top 10 Neobanks
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.
24 Neobank Statistics to Help with Risk and Compliance
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.
Fraud Prevention for Neobanks: 4 Best Practices to Follow
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.
Machine Learning Alerts: How to Increase Operational Efficiency with Predictive Scoring
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.
KYC Procedures: 5 Steps to Build an Effective Program
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.
Is Your AML Case Management System Working? 6 Ways to Measure 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.
The Importance of Enhanced Due Diligence for Politically Exposed Persons
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.
Implementing RegTech Software: Common Barriers and How to Overcome Them
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.
Identity Verification Process: 6 Common KYC Challenges (and How to Solve Them)
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.
Identity Verification: The Complete Guide for Risk and Compliance
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.
How to Start a Neobank: 8 Steps that Follow Regulatory Compliance
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.
How to Source the Right AML Case Management Software
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.
How to Set Up Powerful AML Transaction Monitoring Rules (with Examples)
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.
How to Select the Best Identity Verification Software
The best identity verification software can help financial organizations achieve compliance with regulations and legislation, prevent fraud, and approve more good customers at scale.
How To Reduce the Cost of AML Compliance
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.
How to Conduct Effective AML Investigations
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.
How Neobanks Can Combat Fraud While Achieving Business Growth
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 AI is Modernizing the Risk-Based Approach to Compliance
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.
The Future of Crypto Regulations: 4 Experts Weigh In
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.
Fraud Detection & Prevention for Financial Organizations: Ultimate Guide
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: What it is and How to Prevent It
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.
Fintech, Regtech & Suptech: The Main Differences + How to Use Them
Discover how these three innovative technologies are disrupting traditional financial services. We cover their similarities, differences, and top use cases.
Fintech Compliance: 20+ Regulations Your Company Should Know
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: What It Is and How It Affects Businesses
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.
Dynamic Model Behavior and You: Unlocking Your Monitoring Potential
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.
Cryptocurrency Fraud: How to Keep Your Crypto Exchange Safe
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.
Risk & Compliance Tech Stack for Fintech: Main Components + How To Choose
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.
When is the Best Time to Adopt a Risk and Compliance Platform?
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.
Collaborative Risk Culture: How Risk and Product Teams Should Work Together
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.
Build vs Buy Financial Compliance Software: A Decision Framework
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.