The Evolving Role of Banks in Fraud Detection and AML Compliance – with Nick Lewis of Standard Chartered
Financial institutions are increasingly burdened with detecting and preventing financial crimes, leading to heightened operational costs and resource allocation challenges. According to the FBI’s Internet Crime Report 2024, cybercrime continues to rise sharply in both frequency and financial impact. Last year alone, the FBI received 859,532 complaints related to cybercrime — a notable increase that…