White Paper

IBM Counter Financial Crimes Management: Gain superior clarity on identities and relationships linked to financial crime activities with entity analytics

Company: IBM Business Analytics

IBM Business Analytics  case study

Category: Operational Risk

Published: 18 November 2016

Format:

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Overview

Fraud, money laundering and other financial crimes are a thorn in the side of every financial institution. These activities can cut into profits, damage public trust and expose banks to massive regulatory penalties if found to be out of compliance with governmental regulations.

Many organizations simply accept financial crime as an inevitable cost of doing business. But today, armed with advanced identity resolution and new kinds of analytics, financial institutions have powerful tools at their disposal to reduce fraud and money laundering.

This white paper explores financial crime, including anti-money laundering (AML), anti-terrorist financing and various types of fraud. The paper further discusses how organisations can become better equipped to meet regulatory requirements and prevent financial crimes before they occur.

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