Stop. Collaborate and Listen
Throughout history, criminals have mastered the art of collaboration. It is well established that criminal actors share their tactics, techniques, and procedures, including the processes by which they launder their ill-gotten gains. They have advantages over legitimate actors as they can be agile and responsive, have no data sharing concerns, and don’t need regulations, laws, or frameworks to allow them to collaborate.
In this joint white paper by the FinTech FinCrime Exchange (FFE) and RDC, we shine a light on some of the existing collaborative anti-financial crime initiatives that exist and take a look at what the future could hold in this space.