Risk & Compliance Resources Center

Risk & Compliance Resources Center

FEATURED

State of Fraud and AML Report Volume 2

Guide
AML Monitoring
General

250+ Risk & Compliance professionals share their priorities, goals, and challenges for 2023 and beyond. Download the report to learn the State of Fraud and AML.

Patriot Case Study

Patriot Bank recognized the increasing complexity of managing anti-money laundering (AML) and fraud prevention - Unit21 had the solution to their growing needs - read now.

Case Study
AML Monitoring
Fraud Detection
Banks

Real-Time Monitoring White Paper

Real-time payments are revolutionizing finance but also pose new challenges for risk professionals. Read Now.

White Paper
AML Monitoring
Transaction Monitoring
General
FinTechs

Risk & AML Compliance for Financial Institutions

Discover the key to navigating the modern financial landscape with our comprehensive whitepaper – your essential guide for strategic decision-making in today's complex financial environment.

White Paper
Risk & Compliance
Banks

Case Study: Multi Service Fuel Card Reduces Fraud Claims by 40% with Unit21

Multi Service Fuel Card collaborates with Unit21 to detect and prevent fraud in the commercial trucking industry, resulting in a 40% decrease in customer-reported fraud.

Case Study
Fraud Detection
Payment Companies

Banking Compliance Regulations, Laws, & Standards by Country

Banking compliance regulations differ between countries and regions, but have mostly similar goals. Learn about the regulatory laws and agencies that govern banks in different parts of the world.

Article
Risk & Compliance
AML Monitoring
Banks
General

Bank Fraud Regulations & Punishments

Many jurisdictions punish bank fraud harshly. But FIs often have few official bank fraud regulations on how to deal with the crime. Learn how and why FIs should still work to prevent it.

Article
Fraud Detection
Financial Crime
Banks
General

How to Build and Manage an Effective Risk Operation

In this Fraud Fighters Manual: Community Insights, we explore the importance of leadership buy-in and cross-department collaboration for risk operations, and teach teams how to promote and encourage b

Article
Risk & Compliance
General

How to Think Like A Fraudster (& Prevent Fraud)

In this Fraud Fighters Manual: Community Insights, we dive into the topic of thinking like a fraudster, and the benefits this mindset can have in terms of fraud prevention.

Article
Fraud Detection
General

How Experts Prevent Account Takeover (ATO) Fraud

In this Fraud Fighters Manual: Community Insights, we explore real-life examples professionals experience when it comes to ATO fraud, and their top strategies for detecting and preventing it.

Article
Fraud Detection
Risk & Compliance
General
FinTechs

How to Adapt Fraud Prevention for Crypto Fraud

In our third installment of the Fraud Fighters Manual: Community Insights, we look at insights from experts in the risk management industry about how to detect and prevent crypto scams.

Article
Crypto
Fraud Detection
General
Crypto Platforms

FedNow Concerns: Is It Meeting Expectations & What Is It Replacing?

We explore how FedNow is doing two months after launch, exploring how well it competes with other RTP services and legacy systems like the ACH and credit cards.

Article
Suspicious Activity
Transaction Monitoring
Payment Companies
FinTechs

Financial Criminals Target Fiat More Than Crypto

Pamela Clegg, Vice President of Crypto Investigations and Risk at CipherTrace (by Mastercard) explores why teams looking to combat fraud should look at fiat currency behavior more than crypto.

Article
Fraud Detection
Crypto
Crypto Platforms
General

How to Detect and Prevent Stolen and Synthetic IDs

In this Fraud Fighters Manual: Community Insights, we dig into the best practices for detecting and preventing identity fraud related to stolen and synthetic identities.

Article
Fraud Detection
Risk & Compliance
General

Unit21 for Fraud Prevention | Video Demo

In this video demo, viewers are introduced to Unit21's fraud detection and prevention capabilities. See first-hand how Unit21 helps organizations proactively prevent fraud.

Video
Fraud Detection
Product Updates
General

State of Fraud and AML Report Volume 2

250+ Risk & Compliance professionals share their priorities, goals, and challenges for 2023 and beyond. Download the report to learn the State of Fraud and AML.

Guide
eBook
AML Monitoring
Fraud Detection
Risk & Compliance
General

Knowing Your Fraudster Starts With Knowing Your Customer

Get first-hand insights from industry leaders in anti-fraud and risk management. In this Fraud Fighters Manual: Community Insights, we dig into why it’s so important to know your fraudster.

Article
Fraud Detection
General

The State of Fraud and AML in 2023: VIP Preview

We asked 250+ Risk & Compliance professionals to share their priorities, goals, and challenges for the next 12 months. In this webinar, get a sneak peek at the most critical insights.

Webinar
AML Monitoring
Fraud Detection
General

FedNow Compliance: How to Stay Compliant When Adopting FedNow

FedNow, the Federal Reserve’s real-time payments rail, has launched - and with it the regulatory requirements for offering it as a service. Find out why US FIs may already be mostly compliant.

Article
Risk & Compliance
General

How Unit21 Simplifies AML Compliance

In this quick video demo, discover how Unit21's Risk & Compliance Infrastructure simplifies AML Compliance. Watch now for details!

Video
AML Monitoring
Risk & Compliance
Product Updates
General

Stout Case Study

In this joint case study featuring Stout and Unit21, we explore how a regional bank quickly completed a regulatory-mandated lookback project using Unit21’s Transaction Monitoring solution.

Case Study
Transaction Monitoring
Banks

Compliance vs Risk Management: Understanding the Differences

When it comes to compliance vs. risk management, the two concepts are related, but subtly different. But both are important for heavily-regulated organizations. Learn how in this article.

Article
Risk & Compliance
General

Fraud Fighters Manual Live: Know Your Fraudster

In this exclusive webinar, Robert Reynolds and Alex Faivusovich offer examples of surprising fraud instances and discuss the most vulnerable processes fraudsters most frequently target.

Webinar
Fraud Detection
FinTechs
Neobanks

Bank Fraud Investigation: How It Works, the Process, + How Long It Takes

Fraud investigations are an essential part of detecting and preventing fraud at banks. Learn what a bank fraud investigation is, how they work, and the main steps in the process.

Article
Fraud Detection
Banks

Risk & Compliance White Paper for Neobanks

Risk management and AML compliance are crucial components of any successful Neobank. Discover anti-fraud and AML best practices in this white paper. Download now.

White Paper
Risk & Compliance
Fraud Detection
AML Monitoring
Neobanks

Customer Spotlight: How Gusto Streamlines AML Compliance Operations

In this webinar, we’ll dive into the world of payroll compliance and explore how Gusto, a valued customer of Unit21, successfully tackles key AML compliance issues.

Webinar
AML Monitoring
Payment Companies
General

How to Move from Fraud Detection to Fraud Prevention

It’s not enough to simply detect instances of fraud. Learn why fraud prevention is just as critical, and the top strategies for moving from fraud detection to prevention.

Article
Fraud Detection
General

Online Marketplace Risks & How to Prevent Them

This ultimate guide to marketplace risk discusses the nature and types of risk online marketplaces face. It also suggests techniques for online marketplace Trust and Safety teams to limit risk.

Article
Risk & Compliance
Marketplaces

Cryptocurrency Fraud: Common Scams, Prevention Strategies, & Real-Life Examples

This ultimate guide covers what cryptocurrency fraud is, including common schemes and real-life examples. It also discusses how to detect, prevent, and report crypto fraud.

Article
Crypto
Crypto Platforms

FinTech White Paper: A Comprehensive Guide to Risk Management, Compliance, and Anti-Fraud Strategies for FinTechs

Risk management and AML compliance are crucial components of any FinTech operation. Discover anti-fraud and AML best practices and how to execute them effectively with technology. Download now.

White Paper
AML Monitoring
Fraud Detection
Risk & Compliance
FinTechs

How the OCC’s Office of Financial Technology Impacts Bank-Fintech Relationships

The OCC created the Office of Financial Technology in March 2023 to better understand and regulate Fintech. Here, we discuss what the OFT’s initial guidance means for FI-Fintech partnerships.

Article
Risk & Compliance
FinTechs
Banks

Credit Union Compliance Checklist

A credit union is a financial institution like a bank, but follows slightly different regulations because of how it’s owned and operated. This checklist will help it to stay compliant.

Article
Risk & Compliance
General

Banking Regulatory Compliance Checklist

As a bank, complying with industry regulations is a tall order. But it can be made easier with our banking regulatory compliance checklist, which compartmentalizes the essential things a bank must do.

Article
Risk & Compliance
Banks

Why Check Imaging Isn’t Enough for True Fraud Prevention

We explore the top reasons why check imaging isn’t enough to adequately detect and prevent check fraud, and offer other options for financial institutions to use.

Article
Fraud Detection
General

How to Perform an Internal Audit on Your Compliance Risk Management

Internal audits help a company detect and fix problems ahead of time, as well as streamline operations. Learn how to perform one of your company’s compliance risk management operations.

Article
Risk & Compliance
General

Unlocking the Secrets of Fraud Prevention: 23 Expert Insights Revealed

In this exclusive webinar, Unit21's Head of Fraud, Alex Faivusovich, will offer viewers a sneak peek into 23 highlights from the fraud fighters manual book.

Webinar
Fraud Detection
FinTechs
Crypto Platforms

Fraud Fighters Manual

The Fraud Fighters Manual contains 6 chapters, featuring authors from Brex, Lithic, Pinwheel, Mercury, Treasury Prime, & Nibiru Chain. Learn more now.

Guide
Fraud Detection
Unit21 Culture
FinTechs
Crypto Platforms

37 Updates to Help You Catch Bad Actors

We cover the 37 new updates to Unit21's product suite that help organizations catch fraudsters and prevent money laundering.

Article
Product Updates
General

The Complete Guide to RegTech (Regulatory Technology)

RegTech is helping FIs keep up with financial regulatory requirements – especially as they constantly change. See how RegTech is helping them with this, and what to expect from it in the near future.

Article
Risk & Compliance
General

3 Top Priorities for Risk & Compliance | Fraud Fighters NYC Spring 2023

Unit21 hosted a panel during New York Fintech Week featuring Fintech fraud prevention experts from organizations like Treasury Prime, Bangor Savings Bank, Fintech Business Weekly.

Video
Fraud Detection
FinTechs

5 Evolving Fraud Trends in the Banking Industry And How to Prevent Them

Learn the current fraud trends in the banking industry and how compliance teams can combat them in this on-demand webinar featuring Christina Rea of Raycor consulting.

Webinar
Fraud Detection
Risk & Compliance
Banks

9 Suspicious Activity Examples + How to Identify & Report Them

Suspicious transactions include any event within a banking or financial system that could be linked to fraudulent, illegal, or money laundering activities.

Article
Suspicious Activity
Transaction Monitoring
General

FedNow in 15 Minutes [Webinar On-Demand]

For many financial institutions, FedNow gives businesses access to resources faster, freeing them up to make other use of the funds right away. But faster payments often creates faster fraud.

Webinar
Fraud Detection
General

Risk Management in Banking: Types + Best Practices for Mitigation

This guide to risk management in banking will discuss why the process is critical for banks, in light of the threats banks face. It will also provide an outline and tips for managing risk effectively.

Article
Guide
Risk & Compliance
Banks

Bank Compliance: Types, Benefits, + How to

Bank regulatory compliance is important for protecting banks themselves, their customers, and the financial system as a whole. Learn why, along with what goes into an effective compliance program.

Article
Risk & Compliance
Banks

Payment Fraud: What It Is, Common Types, + How to Prevent It

Learn what payment fraud is and why it’s problematic for FIs, merchants, and consumers. We’ll discuss some common forms and what FIs can do to detect and prevent them.

Article
Transaction Monitoring
Identity Verification
AML Monitoring
Payment Companies

3 Signs Unit21 is a Good Fit for Your Organization

We explore whether Unit21 would be a good fit for your organization, based on the main pain points organizations are experiencing with their FRAML infrastructure.

Article
Risk & Compliance
Fraud Detection
General

How to Choose the Best Compliance Risk Management Software

Learn what compliance risk management software is and the top features to look for when choosing the right fit for your AML compliance operations.

Article
Risk & Compliance
General

Insurance Compliance Requirements (+ the Consequences of Non-Compliance)

Learn about how insurance compliance regulations work, the consequences of non-compliance, and how you can build an effective insurance compliance framework.

Article
Risk & Compliance
General
Insurance

A Guide to Bank Fraud: How to Detect + Prevent It

Unit21’s guide to bank fraud will explain what it is and some of the many ways it’s carried out. We’ll also give tips on how to detect bank fraud in progress, as well as how to prevent it outright.

Article
Fraud Detection
Banks

Fraud Risk Management: What It Is + How to Build a Program

This guide to fraud risk management will discuss what it is and why businesses should know about it. It will also explain the foundations of a fraud risk management framework and how to build them.

Article
Fraud Detection
General

Real-Time Payments 101: What They Are + How to Prevent Fraud

Real-time payments are gaining worldwide popularity. Find out why as we cover how they work, their potential applications, and countermeasures against them being used for fraud.

Article
Transaction Monitoring
Risk & Compliance
General

Combating Insurance Fraud: How to Detect + Prevent It

Learn what insurance fraud is, common schemes used to commit this type of fraud across different insurance industries, and how to prevent it from happening.

Article
Fraud Detection
General
Insurance

Compliance Risk Management: What It Is + Best Practices

Learn what compliance risk management is, what the risks of non-compliance are, and best practices to manage risks associated with compliance.

Article
Risk & Compliance
General

Credit Union Compliance: Key Regulations & How to Build a Compliance Program

Learn what credit union compliance is, the main regulations you need to follow (and who enforces them), and how to build your credit union compliance program.

Article
Risk & Compliance
General

eCommerce Fraud Prevention: Common Types + How to Prevent It

We explore everything there is to know about eCommerce fraud prevention, including the main types of fraud used and best practices for prevention.

Article
Fraud Detection
Payment Companies
General

Buy Now Pay Later Fraud: What It Is + How to Prevent It

Learn what Buy Now Pay Later Fraud is, the most commonly used BNPL scams to watch for, and how to prevent BNPL fraud from happening.

Article
Fraud Detection
Payment Companies

Chatting All Things Fraud Fighting With Industry Experts from Robinhood, Melio, Rho, & Unit21

Industry experts share their best advice on growing a career in fraud, why FRAML should be considered a competitive advantage, and the benefits of building relationships within the fraud industry.

Video
Unit21 Culture
General

How to Utilize Non-Monetary Fraud Indicators

Learn how you can utilize non-monetary fraud indicators to detect - and root out - fraud.

Video
Fraud Detection
General

Guide to Synthetic Identity Fraud

We explore all there is to know about synthetic ID fraud, including what it is, how it works, and how to detect and prevent it.

Article
Fraud Detection
General

Webinar On Demand: Romance Fraud: The New language of Love?

Join industry experts to discuss the evolution of romance fraud, its global impact on financial organizations, and what companies can do to educate customers and keep them safe from falling victim.

Webinar
Fraud Detection
General

AML (Anti-Money Laundering) Trends to Look For in 2023

We explore the most relevant and pressing AML trends for organizations to be on the lookout for in 2023, and explain how organizations can stay one step ahead.

Article
AML Monitoring
General

When to Deem Apple Store Activity Suspicious

Learn how to detect and investigate suspicious activity on big brand stores like the Apple Store, and why it’s such a prevalent problem.

Video
Fraud Detection
General

How to Stop Identity Fraud Rings from Taking Advantage of Your Fintech Platform

Learn how Fintech platforms can stop fraud rings from taking advantage of their platforms, and the main tactics they’ll use.

Video
Fraud Detection
FinTechs

New Account Fraud Red Flags to Watch For

Discover the main red flags to look out for attempting to combat new account fraud, identity theft, and synthetic ID fraud.

Video
Fraud Detection
General

Biggest Risk Signals for Account Takeover Fraud

Learn the biggest risk signals to look for when it comes to account takeover and how fraudsters use these accounts to commit further fraud.

Video
Fraud Detection
General

How Unit21 Looks at the Fraud Landscape

We explain our outlook on the current - and future - fraud landscape, and discuss the best ways to stay safe and secure in this video.

Video
Fraud Detection
General

Payments Compliance & Monitoring Explained

We look at what payments compliance is, what the different regulations are, and how organizations can achieve regulatory compliance.

Article
Risk & Compliance
Payment Companies

Fraud DAO Blog

Discover the benefits of industry collaboration when it comes to fintech fraud detection and prevention. The Fintech Fraud DAO blog is dedicated to educating fintechs on the power of consortium.

Article
Fraud Detection
FinTechs

How to Prevent Fraud

We explore the top 5 ways for organizations to prevent fraud, ensuring users - and the platform - are kept safe and secure in this video. Watch now!

Video
Fraud Detection
General

Web3 and The Decentralized Autonomous Organization (DAO)

Here, we discuss Web3, the various trending technological innovations in the space, their risks, the potential for adoption in data-sharing platforms, and how they can be used to help level the field.

Article
Fraud Detection
FinTechs

Challenges in the B2C Fintech Market Landscape (Part 1)

Collaboration between FIs is an efficient way to detect and prevent fraud. However, several challenges present themselves in developing, managing, and maintaining consortium products.

Article
Fraud Detection
FinTechs

Webinar On Demand: Holiday Fraud: 5 Ways to Protect your Customers This Year

In this webinar, we'll explore 5 ways to protect your customers from fraud and keep your organization off the naughty list this holiday season.

Webinar
Fraud Detection
General

Webinar On Demand: Managing Fraud Risk: Fraud Trends and Predictions for 2023

Today’s fraudsters are more well-funded, technologically savvy, and agile than they've ever been before. In this webinar, we’ll discuss what organizations need to know to enter 2023 with confidence.

Webinar
Fraud Detection
General

Webinar On Demand: Top Compliance Trends 2023

Several industry-leading voices will present their insights about the biggest compliance trends for 2023 and how to make compliance a lever for growth. Watch now.

Webinar
Risk & Compliance
General

Year in Review 2022

2022 was a busy year for fraudsters. Fortunately, Unit21 customers rose to the occasion to fight fraud and money laundering. Read how they used Unit21 to stop bad actors in 2022 here.

Infographic
Article
AML Monitoring
Fraud Detection
Unit21 Culture
General

Anti-Money Laundering Regulations Financial Organizations Should Know (and Follow!)

The world of anti-money laundering regulations is complex. Discover what AML regulations are, why they are essential, and what regulations apply in different countries around the globe.

Article
AML Monitoring
General

Is There a Such Thing As Cryptocurrency Fraud?

We explore whether crypto fraud is a serious threat, and explore how both consumers and financial institutions prevent it from occurring.

Video
Crypto
Fraud Detection
Crypto Platforms

What are the main steps you need to take to choose the right fraud prevention software?

We cover the top 3 steps for choosing the right fraud prevention software for your needs, and list questions you should be asking yourself at each step.

Video
Fraud Detection
General

How does credit card cloning fraud work and how can you prevent it from happening?

Learn how credit card cloning works, how to identify it, how to address it, and how to prevent it from occurring in the future.

Video
Fraud Detection
General

Buying vs. Building Fraud Solutions with Robinhood's Lenny Gusel

In this video, Unit21's Head of Marketing sits down with Robinhood's Lenny Gusel to discuss buying vs. building fraud solutions and the importance of networking and collaboration.

Video
Fraud Detection
Risk & Compliance
FinTechs

Fraud and AML Dictionary

Unit21's Fraud and AML Dictionary offers robust definitions for the industry's most influential terms. Browse FRAML terms today!

Guide
AML Monitoring
Fraud Detection
General

Fraud Strategy for Dormant Activity

When creating a fraud strategy for dormant accounts that suddenly become active, it is essential to understand these two things. Watch the video for answers and insight.

Video
Fraud Detection
General

Fraud Prevention Playbook

New offerings bring new opportunities for financial organizations to scale, but they can also hold a fair amount of fraud risk. Here, we'll discuss 8 scenarios and how to accelerate growth.

Guide
Fraud Detection
FinTechs
Neobanks

Ultimate Guide to AML Compliance for Financial Organizations

Drill down on the essentials of anti-money laundering (AML) compliance that every financial organization needs to know.

Guide
AML Monitoring
Risk & Compliance
FinTechs
Banks

How to Detect Reg E Dispute Fraud in the US

Discover how the Reg E dispute process works, specifically in the context of ATM disputes and the exploitation of provisional credit and how to identify these threats in this quick video.

Video
Fraud Detection
General

How to Automate the Review of Mobile Check Deposits

Learn how to automate the review of mobile check deposit fraud by finely tuning alert thresholds and using customer profiling to detect anomalies in this quick video.

Video
Fraud Detection
Risk & Compliance
General

Tackling Fraud at Scale: Challenges and Solutions

Tackling fraud at scale is no simple task. In this video, listen as Sridhar Kotamraju, Head of Fraud at Goldman Sachs, discusses his career in fraud detection and prevention with Unit21's CEO.

Video
Fraud Detection
Risk & Compliance
FinTechs
Neobanks

How Product and Risk Teams Collaborate Hand-Out

Magic is made when Risk & Compliance teams are incorporated into the product development process. Download this PDF to discover 5 key benefits of collaboration.

Guide
Risk & Compliance
FinTechs

Hand-Out Download: Bad Fraud Practices to Avoid

When it comes to fraud prevention, many things can go wrong. In this short PDF, we cover the 7 worst fraud practices to avoid. Download it now.

Guide
Fraud Detection
FinTechs
Neobanks

Hand-Out Download: When to Adopt a Risk & Compliance Solution

In this hand-out, we'll offer three tips and timeframes for your team to follow to determine the right time to for your organization to adopt Risk & Compliance software.

Guide
Risk & Compliance
FinTechs
Neobanks

Buying vs. Building a Risk & Compliance Solution

Here, we'll explore the pros and cons of buying vs. building fraud and AML software and provide a decision framework to help your team make the best choice.

Guide
Risk & Compliance
General

Fraud Trends and Predictions for 2023

In this look back at 2022, we cover the top fraud trends that dominated crypto and financial services as well as provide key predictions for 2023 to help your organization get ready.

Article
Fraud Detection
Crypto Platforms
FinTechs

How to Reduce False Positives in Fraud Prevention

We explore the 3 key steps for reducing false positives within an organization's fraud prevention operations, focusing on breaking threats into different risk categories in this article.

Article
Fraud Detection
General

Types of Fraud That Money Services Businesses (MSBs) Should Know

A money services business (MSB) describes a business that transmits or converts money. Here, we'll discuss the main types of fraud these organizations need to look out for.

Video
Fraud Detection
Exchanges

4 Ways to Use Unit21 for Fraud Detection

Find out why Unit21 is an ideal risk and compliance solution to use for fraud detection - and the prevention and protection efforts that follow.

Article
Fraud Detection
General

How to Use Unit21's Link Analysis for Catching Crypto Fraud

Learn how to Unit21’s link analysis tool can be used to catch crypto fraud by uncovering relationships between individuals and entities on your crypto exchange or platform in this helpful article.

Article
Crypto
Fraud Detection
Crypto Platforms

Best Fraud Prevention Tools

What are the best fraud prevention tools? In this video and written post, Unit21's Head of Fraud Risk, Alex Faivusovich, explores how to build out a proper fraud detection and prevention tech stack.

Video
Fraud Detection
General

7 Bad Anti-Fraud Practices: What to Avoid to Prevent Fraud

Perfecting fraud detection and prevention efforts is no easy task. Discover 7 common fraud prevention pitfalls (and how to avoid them!).

Article
Fraud Detection
General

Women in Software Engineering at Unit21: DevOps

We interviewed 3 female members of our DevOps team to provide insight into what led them to choose careers in engineering and what it is like to be a female software engineer at Unit21.

Article
Unit21 Culture
General

Women in Compliance: 4 Critical Tips for Career Advancement

Unit21 hosted a "women in compliance" fireside chat featuring Lisa Lechner (the CCO of Mercari) at ACAMS. Here are 4 practical pieces of advice for women looking to succeed in compliance careers.

Article
Unit21 Culture
General