Gartner Research

Improve Your Enterprise Anti-Fraud Program by Implementing a Financial Crime Taxonomy

Published: 25 September 2017

ID: G00328764

Analyst(s): Jonathan Care , Danny Luong

Summary

Banks are experiencing a variety of attacks, but struggle to understand the modus operandi and correctly classify them to implement effective strategies to manage them. Gartner's Financial Crime Taxonomy provides security and risk management leaders with a framework to deconstruct complex crimes.

Table Of Contents
  • Key Challenges

Introduction

Analysis

  • Understanding the Financial Crime Taxonomy: Fraud Types and AML Scenarios (Gartner's Fraud and Secure Payment Uses Cases)
    • Identifying the Criminal
    • The Product Life Cycle
    • The Customer Engagement Channel
    • Financial Products
    • Money Movement Instruments and Transactional Services
  • Implementing the Financial Crime Taxonomy

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