Lab Report #10
Lab Report #10 This week in financial Crime Lab Report #10 This week in financial Crime Lab Report #10 – This week in financial Crime This week’s pattern was a consolidation of the architecture sketched out across the spring: the rulebook closing around the operational layer where financial crime actually happens. The European Commission unveiled […]
Lab Report #9
Lab Report #8
Lab Report #8 This week in financial Crime Lab Report #8 This week in financial Crime Lab Report #8 – This week in financial Crime This week’s pattern was one of regulators and law enforcement reaching into the connective tissue of financial crime – the infrastructure that makes industrial offending possible, rather than the offending […]
Focus on Synthetic Data: You can’t kid a kidder, but can you fake a fraud..?
What makes a fake fraud transaction useful? As fraud remains a rare event in most datasets, organisations increasingly rely on fake or synthetic data to train AI detection models. This article examines the risks and opportunities of synthetic fraud generation, explaining why a fake transaction that looks real is not necessarily effective at improving fraud detection. Exploring new research and practical implications for model governance, it offers insights for fraud, financial crime, compliance, risk, and AI professionals.
Lab Report #7
Lab Report #7 This week in financial Crime Lab Report #7 This week in financial Crime Lab Report #7 – This week in financial Crime This week brought a study in the cost of looking the other way. OFAC reached a $275 million settlement with Adani Enterprises over 32 apparent violations of its Iran sanctions, […]
Financial Crime Has Always Been a National Security Issue. The Problem Is We Forgot.
Financial crime has been a national security issue for over a decade. Explore why institutional memory matters in fraud prevention, AML, and financial crime strategy.
Lab Report #6
Lab Report #6 This week in financial Crime Lab Report #6 This week in financial Crime Lab Report #6 – This week in financial Crime This week, the financial system was treated more openly than usual as a terrain of state contestation. FinCEN issued a major alert on the Islamic Revolutionary Guard Corps’ use of […]
Lab Report #5
Lab Report #5 This week in financial Crime Lab Report #5 This week in financial Crime Lab Report #5 – This week in financial Crime This week sharpened a tension that has been building all year. Enforcement is now operating at industrial cadence – the US Department of Justice’s Fraud Division has, for the second […]
April in Financial Crime: The Month Enforcement Started Dismantling the Architecture
April in Financial Crime: The Month Enforcement Started Dismantling the Architecture April in Financial Crime: The Month Enforcement Started Dismantling the Architecture April in Financial Crime: The Month Enforcement Started Dismantling the Architecture For most of the last decade, financial crime enforcement has functioned as a treadmill. Investigators arrest the operators, prosecutors charge the executors, […]
Lab Report #4
Lab Report #4 This week in financial Crime Lab Report #4 This week in financial Crime Lab Report #4 – This week in financial Crime This was the week the United States and China announced the first publicly reported, jointly executed enforcement operation against transnational fraud, with 276 arrests across nine scam centres in coordinated […]