Darren Crowhurst, Detective Brevet Sergeant, Major Fraud Investigation Section (156) was the lead Detective on ‘Operation Profiteer’, an investigation conducted in 2016 by the SA Police – Major Fraud Investigation Section into money laundering.  The investigation identified 43 scam/fraud victims worldwide, and resulted in the arrest of an offender for over 600 counts of money laundering totaling nearly 700,000 dollars.

Based on his experience during the investigation, in this article Darren shares the key detection methods and red flags that led to the identification and arrest of a South Australian criminal, and the lessons organisations in the financial services sector can learn from the investigation to strengthen their own AML programs.

In this interview, Graham Leney, Head of Group Financial Crime Compliance at AMP explores AMP’s approach to identifying crime and corruption and how new technologies can aid in the prevention of money laundering, fraud and corruption.

This article explores 7 key focus areas banks and other financial organisations can consider to establish and maintain robust and integrated AML and CTF programs.

Read this article to learn more from leading experts from ANZ, Kiwibank, AMP, AIG, QSuper and Darren who share insight into the key strategies which can be used to better detect and manage financial crime.

This paper sets forth five key areas that compliance officers should consider as they assess and prioritize investments to pave the foundation for their future financial crimes programs.

1. Culture of compliance
2. Integration
3. Data and technology infrastructure
4. Regulatory change management
5. Staffing model and digital labor