The Future of Financial Crime Prevention: Embracing Technology While Managing Risks

Research

Technology and innovation are transforming financial crime management, but their integration comes with risks, regulatory challenges, and cybersecurity concerns. Financial institutions must adapt to evolving regulations, enhance data management, and fortify cybersecurity to stay ahead.

Mar 04, 2025

Shameela Miah, Conference Producer, Center for Financial Professionals

Tags: Financial Crime

The Future of Financial Crime Prevention: Embracing Technology While Managing Risks

The views and opinions expressed in this content are those of the thought leader as an individual and are not attributed to CeFPro or any other organization

Financial institutions must adapt to new regulations such as the updated AML Act to ensure compliance, especially when dealing with outdated legacy systems.
Data management has become critical in combating financial crime, as organizations must ensure data integrity and security to meet regulatory requirements.
Artificial intelligence can greatly enhance financial crime prevention but requires robust governance to mitigate risks like biases and inaccuracies.
Cybersecurity remains a top concern as rising geopolitical tensions make financial institutions prime targets for increasingly sophisticated cybercriminals.