Building networks to fight financial crime: The role of data sharing

Moody’s Talks: KYC Decoded

As the desire to build an anti-financial crime network grows, the question arises: how can we get our hands on the most comprehensive and accurate data? When it comes to collaborative financial crime fighting and fraud prevention, the concept of data sharing may seem obvious on the surface. However, delicately balancing regulatory complexities and privacy concerns, can require shifting an entire compliance culture paradigm.
In this episode of KYC Decoded, we are joined by experts Taavi Tamkivi, founder and CEO of regtech firm, Salv, and Sverker Tornhagen, Moody’s Analytics KYC Financial Crimes Industry Practice Lead. Listen along to a thought-provoking conversation highlighting topics including:

• Risks vs. benefits of data sharing
• The technology and infrastructure needed to support effective data sharing
• How teams benefit from successful data sharing

If you want to take a more active approach to fighting financial crime in your organization, here are some helpful resources mentioned in the episode to help you get started:

• KYC Decoded episode, KYC Officer of the future
• KYC Decoded episode, What’s wrong with AML?
• Obstacle Is the Way: The Timeless Art of Turning Trials into Triumphby Ryan Holiday
• Financial Action Task Force ‘Partnering in the Fight Against Financial Crime: Data Protection, Technology and Private Sector Information Sharing’ report
• RUSI Future of Financial Intelligence Sharing ‘Lessons in Private-Financial Information Sharing to Detect and Disrupt Crime’ paper
• Basel Institute on Governance
• SALV blog
• Transactie Monitoring Nederland (TMNL)
• Monetary Authority of Singapore’s COSMIC digital platform
• Cifas

Lastly, be sure to check out our website and get in touch to learn more.