Top 10 financial crime risks 2022
13 November 2022
Baringa is committed to reducing financial crime and the negative consequences it has on society. We help our clients to better understand how financial crime is really carried out and to put in place targeted controls.
For this reason, we've undertaken research into the most prevalent typologies for carrying out financial crime in the financial services industry. This report builds on findings from our 2020 report and includes the main sectors within the financial services industry, covering Retail Banking, Business Banking, Corporate and Wholesale Banking, Capital Markets, Trade Finance, Money Services Businesses, Asset Management, Wealth Management and Insurance.
Please contact us if you would like to discuss any of the findings from the report, or how to understand your financial crime risks and the controls to detect and mitigate these.
Related Insights
An introduction to Typify™
Typify™accurately pinpoints the atypical by combining an understanding of typical customer and peer group behaviour with insight from financial crime experts. This enables financial institutions to manage financial crime effectively and efficiently, reducing the need for large and expensive teams of investigators.
Read more
Typify™ - more accurately detecting Financial Crime
Typify, Baringa's investigation and analytics product, creates a fit for purpose solution that is easy to use and implement.
Read more
Typify™ - financial crime typologies identified
Transaction monitoring is key to detecting suspicious financial activity. However, this is not 100% accurate. Baringa’s Typify offers a tailored solution.
Read more
Screening customers efficiently
Our solution helps tailor watch lists to provide a configurable, user-friendly method of managing watch list content whilst improving the data quality.
Read moreIs digital and AI delivering what your business needs?
Digital and AI can solve your toughest challenges and elevate your business performance. But success isn’t always straightforward. Where can you unlock opportunity? And what does it take to set the foundation for lasting success?