{"id":116094,"date":"2022-11-17T01:54:43","date_gmt":"2022-11-17T01:54:43","guid":{"rendered":"https:\/\/feedzai.com\/?p=116094"},"modified":"2024-05-14T10:30:02","modified_gmt":"2024-05-14T10:30:02","slug":"where-theres-fraud-theres-money-laundering","status":"publish","type":"post","link":"https:\/\/feedzai.com\/blog\/where-theres-fraud-theres-money-laundering\/","title":{"rendered":"Where There\u2019s Fraud, There\u2019s Money Laundering"},"content":{"rendered":"

[vc_row row_height_percent=”0″ override_padding=”yes” h_padding=”2″ top_padding=”1″ bottom_padding=”2″ overlay_alpha=”50″ gutter_size=”3″ column_width_percent=”100″ shift_y=”0″ z_index=”0″][vc_column width=”1\/1″][vc_row_inner limit_content=””][vc_column_inner column_width_percent=”100″ gutter_size=”3″ overlay_alpha=”50″ shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″ medium_visibility=”yes” medium_width=”0″ mobile_visibility=”yes” mobile_width=”0″ width=”1\/12″ uncode_shortcode_id=”610083″][\/vc_column_inner][vc_column_inner width=”10\/12″][vc_single_image media=”116096″ media_width_percent=”100″ uncode_shortcode_id=”833908″][\/vc_column_inner][vc_column_inner column_width_percent=”100″ gutter_size=”3″ overlay_alpha=”50″ shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″ medium_visibility=”yes” medium_width=”0″ mobile_visibility=”yes” mobile_width=”0″ width=”1\/12″ uncode_shortcode_id=”133018″][\/vc_column_inner][\/vc_row_inner][vc_row_inner limit_content=””][vc_column_inner column_width_percent=”100″ gutter_size=”3″ overlay_alpha=”50″ shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″ medium_visibility=”yes” medium_width=”0″ mobile_visibility=”yes” mobile_width=”0″ width=”2\/12″ uncode_shortcode_id=”475702″][\/vc_column_inner][vc_column_inner width=”8\/12″][vc_custom_heading heading_semantic=”h3″ text_size=”h3″ text_weight=”400″ uncode_shortcode_id=”672971″]Criminals use a wide array of fraud tactics to steal other people\u2019s money. But what can criminals do with the money that they obtained fraudulently? They\u2019ll need to launder the money into legitimate banking channels in order to profit from their activities. For this reason, argues Feedzai\u2019s Brian Ferro, banks and financial institutions must think of fraud and anti-money laundering (AML<\/a>) as supporting goals. Learn how banks can start to detect money laundering activity at the onboarding stage during know your customer (KYC) and customer due diligence (CDD)<\/a> at customer onboarding \u2013 and beyond.[\/vc_custom_heading][vc_column_text uncode_shortcode_id=”581114″ el_class=”videoTextBlock”]