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Garima Chaudhary

Head of Fin. Crime Solution Consulting
Oracle
Member since
11 Jun 2020
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New York
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Followed by John Sims, Martha Boyle and 5 others you follow
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Garima Chaudhary

What U.K. bank CEOs can do now to close gaps in their anti-money laundering controls

Introduction The Financial Conduct Authority (FCA), the regulator of financial markets in the U.K., flexed its muscles in March of this year when it launched its first attempted prosecution for anti-money laundering (AML) failings against NatWest. A couple of months later, David Geale, the Director of Retail Banking and Payments Supervision for th...

20 October 2021 /regulation /crime Financial Services Regulation

Garima Chaudhary

8 Ways Innovative Technologies can Boost AML/CFT Program Effectiveness

The current financial crime compliance management efforts are based on a combination of automated but static analysis of a pre-determined set of risk factors, together with human judgement. Legacy systems are updated with new algorithms and manually inputted information, generating matrixes for risk interpretation and action, but these very rarely...

08 September 2021 /regulation /crime Innovation in Financial Services

Garima Chaudhary

How Graph Analytics Revolutionizes the War Against Human Trafficking

The United Nations Office of Drug Crime estimates that $800 billion to $2 trillion, or 2-5% of global GDP, is laundered globally every year. What is driving this massive amount of money laundering? After drug trafficking, human trafficking is the second top motive for money laundering. Forced labor generates over $150 billion per year by robbing ...

02 February 2021 /regulation /crime Innovation in Financial Services

Garima Chaudhary

How Advanced Technologies Can Fight Money Laundering by Drug Traffickers

Drug Trafficking Is Widespread Drug trafficking is a global problem—and despite decades of research, regulations, and enforcement, it remains a $400 billion global business. Government ministries and agencies around the world continuously monitor and research illicit drug markets to gain a more comprehensive understanding of this nefarious industr...

26 January 2021 /regulation /crime Innovation in Financial Services

Garima Chaudhary

Fight Money Launderers and Protect Wildlife

Money Laundering and Its Impact on Wildlife Every year, the illegal wildlife trade—which includes the smuggling, poaching, capture, and collection of endangered species and protected wildlife—threatens many animal species with extinction. Demand for rhino horn—which is more expensive than gold—resulted in the extinction of Africa’s western black r...

20 January 2021 /regulation /crime Financial Services Regulation

Garima writes about

  • artificial intelligence
  • regulation & compliance
  • financial crime

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