Thank you for joining us for another edition of the Intelligence Download. We continue to live in extraordinary times with the advent of COVID-19 and it’s something that all organizations are continually working to manage. Unfortunately, this pandemic also results in people taking advantage of the situation in the form of committing fraud and financial crime.

In this episode, Chris Andrew, our Director for Counter Fraud sat down with Ben Fletcher, Director Insurance Fraud Bureau (IFB) and Mahen Samiappan, CEO Insurance Services Malaysia (ISM) to discuss the background to their organizations, what we could expect from a fraud perspective over the coming months and how insurance consortiums continue to support the industry and proactively evolve. 

Learn more about BAE Systems range of fraud and financial crime management solutions 

In this episode, Dennis Toomey, our Global Director for Counter Fraud and Analytics sits down with Jim Potts, Vice President of the Special Investigations Division for New York Central Mutual Insurance and current Chair of the New York Alliance Against Insurance Fraud (NYAAIF) and Frank Sztuk, Senior Vice President, Investigative Services for the Delta Group and current chair of the Public Outreach Committee as well as past Chair of the Alliance. The discussion is a deep dive into trends they are seeing from an industry perspective and how this pandemic is changing the way carriers protect themselves against insurance fraud. 

Learn more about BAE Systems range of fraud and financial crime management solutions

Part 2: On today’s Intelligence Download, Robert Goldfinger, Global Financial Crimes Expert interviews Gail Fuller, Vice President of the Financial Integrity Network discussing how COVID-19 is impacting financial institutions across the globe, what they should be watching for over the coming months and where we go from here.

Link to Part 1 of this interview

Learn more about BAE Systems range of fraud and financial crime management solutions 

On today’s Intelligence Download, Robert Goldfinger, Global Financial Crimes Expert interviews Gail Fuller, Vice President of the Financial Integrity Network discussing how COVID-19 is impacting financial institutions across the globe, what they should be watching for over the coming months and where we go from here.

Link to Part 2 of this interview

Learn more about BAE Systems range of fraud and financial crime management solutions 

In this episode, Dennis Toomey, our Global Director for Counter Fraud and Analytics sat down with Matthew Smith, Director of the Coalition Against Insurance Fraud to discuss the organisation's background, what we could expect from a fraud perspective over the coming months and what businesses and individuals should be doing to protect themselves.

Learn more about BAE Systems range of fraud and financial crime management solutions 

Tony DiPaolo, Executive Director of the Massachusetts Insurance Fraud Bureau and Dennis Toomey, Global Director for Counter Fraud and Analytics here at BAE Systems Applied Intelligence, discusses the insurance industry's unusual problem.

With a worldwide pandemic comes new opportunities for fraudsters and challenges for those trying to stop and catch criminals. How do you continue investigations? How do you keep your investigators safe?

When authorities can't or won't bring prosecutions against fraudsters, criminals see low-risk opportunity. In the face of restricted law enforcement resources, how can insurers protect their business and their customers? 

Global Head of Insurance Fraud Product Dennis Toomey and host Ben Tudor talk to Ross Silverman, Partner at Katten Muchin Rosenman LLP, about how he helps insurers pursue private prosecutions against serial fraudsters. The measures Ross and his colleagues take have a measurable deterrent effect on fraud - and it's been described as the SIU's secret weapon.

Ross also explores the possibilities for a global coalition to work together against insurance crime, and why insurers should tackle the hives, not the bees.

We gathered together fraud experts from around the world in Barcelona recently to compare approaches and discuss how closer cooperation could help insurance fraud teams around the world.

In the first of a series of podcasts with some of the attendees, hear from Matthew Smith, Director of Government Affairs and General Counsel for the Coalition Against Insurance Fraud, and Dennis Toomey, Global Head of Insurance Fraud at BAE systems, on generational change in the industry, emerging trends and the role of both consumer advocacy and privacy in addressing the fraud problem.

There's a type of money laundering that banks struggle to identify - and it's massive.

Anton Moiseienko, Research Fellow at the Royal United Services Institute's Centre for Financial Crime and Security Studies, and Jon Draper, New Ventures Product Lead at BAE Systems Applied Intelligence talk to host Ben Tudor about a second front in the battle against money laundering: global trade.

Find the first episode of this two-part series here.

Further reading:

BAE Systems banking Insights: Finding the Achilles' Heel of Trade Based Money Laundering

RUSI: Have your cake and trade it (Anton Moiseienko)

RUSI: Addressing the abuse of trade for money laundering purposes (Jon Draper, BAE Systems)

There's a type of money laundering that banks struggle to identify - and it's massive.

Anton Moiseienko, Research Fellow at the Royal United Services Institute's Centre for Financial Crime and Security Studies, and Jon Draper, New Ventures Product Lead at BAE Systems Applied Intelligence talk to host Ben Tudor about a second front in the battle against money laundering: global trade.

Look out for the second episode over the coming weeks.

Further reading:

BAE Systems banking Insights: Finding the Achilles' Heel of Trade Based Money Laundering

RUSI: Have your cake and trade it (Anton Moiseienko)

RUSI: Addressing the abuse of trade for money laundering purposes (Jon Draper, BAE Systems)