The Intelligence Download
The Financial Impact of COVID-19 Globally - Part 1

The Financial Impact of COVID-19 Globally - Part 1

June 1, 2020

On today’s Intelligence Download, Robert Goldfinger, Global Financial Crimes Expert interviews Gail Fuller, Vice President of the Financial Integrity Network discussing how COVID-19 is impacting financial institutions across the globe, what they should be watching for over the coming months and where we go from here.

Link to Part 2 of this interview

 

Learn more about BAE Systems range of fraud and financial crime management solutions 

Matthew Smith, Coalition Against Insurance Fraud - Insurance Fraud Risk and Opportunity

Matthew Smith, Coalition Against Insurance Fraud - Insurance Fraud Risk and Opportunity

May 4, 2020

In this episode, Dennis Toomey, our Global Director for Counter Fraud and Analytics sat down with Matthew Smith, Director of the Coalition Against Insurance Fraud to discuss the organisation's background, what we could expect from a fraud perspective over the coming months and what businesses and individuals should be doing to protect themselves.

Learn more about BAE Systems range of fraud and financial crime management solutions 

The Insurance Pandemic - Fighting Fraud in Lockdown

The Insurance Pandemic - Fighting Fraud in Lockdown

April 6, 2020

Tony DiPaolo, Executive Director of the Massachusetts Insurance Fraud Bureau and Dennis Toomey, Global Director for Counter Fraud and Analytics here at BAE Systems Applied Intelligence, discusses the insurance industry's unusual problem.

With a worldwide pandemic comes new opportunities for fraudsters and challenges for those trying to stop and catch criminals. How do you continue investigations? How do you keep your investigators safe?

The SIU’s secret weapon: Ross Silverman and private prosecution of insurance fraudsters

The SIU’s secret weapon: Ross Silverman and private prosecution of insurance fraudsters

December 10, 2019

When authorities can't or won't bring prosecutions against fraudsters, criminals see low-risk opportunity. In the face of restricted law enforcement resources, how can insurers protect their business and their customers? 

Global Head of Insurance Fraud Product Dennis Toomey and host Ben Tudor talk to Ross Silverman, Partner at Katten Muchin Rosenman LLP, about how he helps insurers pursue private prosecutions against serial fraudsters. The measures Ross and his colleagues take have a measurable deterrent effect on fraud - and it's been described as the SIU's secret weapon.

Ross also explores the possibilities for a global coalition to work together against insurance crime, and why insurers should tackle the hives, not the bees.

The Coalition Against Insurance Fraud - Matthew Smith

The Coalition Against Insurance Fraud - Matthew Smith

November 25, 2019

We gathered together fraud experts from around the world in Barcelona recently to compare approaches and discuss how closer cooperation could help insurance fraud teams around the world.

In the first of a series of podcasts with some of the attendees, hear from Matthew Smith, Director of Government Affairs and General Counsel for the Coalition Against Insurance Fraud, and Dennis Toomey, Global Head of Insurance Fraud at BAE systems, on generational change in the industry, emerging trends and the role of both consumer advocacy and privacy in addressing the fraud problem.

Trade Based Money Laundering - Part 2

Trade Based Money Laundering - Part 2

November 11, 2019

There's a type of money laundering that banks struggle to identify - and it's massive.

Anton Moiseienko, Research Fellow at the Royal United Services Institute's Centre for Financial Crime and Security Studies, and Jon Draper, New Ventures Product Lead at BAE Systems Applied Intelligence talk to host Ben Tudor about a second front in the battle against money laundering: global trade.

Find the first episode of this two-part series here.

Further reading:

BAE Systems banking Insights: Finding the Achilles' Heel of Trade Based Money Laundering

RUSI: Have your cake and trade it (Anton Moiseienko)

RUSI: Addressing the abuse of trade for money laundering purposes (Jon Draper, BAE Systems)

 

 

 

Trade Based Money Laundering - Part 1

Trade Based Money Laundering - Part 1

November 4, 2019

 

There's a type of money laundering that banks struggle to identify - and it's massive.

Anton Moiseienko, Research Fellow at the Royal United Services Institute's Centre for Financial Crime and Security Studies, and Jon Draper, New Ventures Product Lead at BAE Systems Applied Intelligence talk to host Ben Tudor about a second front in the battle against money laundering: global trade.

Look out for the second episode over the coming weeks.

Further reading:

BAE Systems banking Insights: Finding the Achilles' Heel of Trade Based Money Laundering

RUSI: Have your cake and trade it (Anton Moiseienko)

RUSI: Addressing the abuse of trade for money laundering purposes (Jon Draper, BAE Systems)

 

John Beadle and the UK’s battle against insurance fraud

John Beadle and the UK’s battle against insurance fraud

October 21, 2019

John Beadle has spent decades working with insurers, law enforcement and the UK government to tackle and defeat insurance fraud. A former New Scotland Yard detective, he’s been a pivotal figure in the creation of the General Insurance Council and the Insurance Fraud Council, and Head of Fraud at Royal Sun Alliance.

Hear John’s observations on how UK insurers and law enforcement have stepped up to the task of taking on fraud over the last few years – and the value of open and friendly cooperation to get the job done.

Social Engineering Prevention: Part 2

Social Engineering Prevention: Part 2

August 16, 2019

Online data sharing has made data privacy critical. But whose responsibility is it to keep it safe?

In the second of two podcasts for The Intelligence Network, cyber security and human factors consultant Esme Heywood and data and privacy expert Rob Clifford talk to host Ben Tudor about what people – and organisations – can do to keep their data safe.

Tackling Modern Slavery, testing AML defences

Tackling Modern Slavery, testing AML defences

July 31, 2019

Hattie Shaw of the Futures team talks to our host, Ben Tudor, about how banks can check whether their defences against money laundering actually work - and, in the process identify and assist individual victims of crime.

The proposed FinCrime Testing Service is intended to provide an independent test for banks to measure how effective their defences are, and how they can be adjusted and improved.

The first typology will simulate the behaviour of a victim of Human Trafficking. The intention is this will help banks identify, and the authorities ultimately help, people who have been forced into slavery.

To find out how your institution can get involved, mail fincrimetestingservice@baesystems.com