Financial Crime detection

Cardholder stolen credit card report With fraud now costing the UK £38.5 billion a year – according to the Annual Fraud Indicator (AFI) calculated by the National Fraud Authority, bankers are seeking more robust ways to tackle banking fraud and financial crime. We know that, as a financial crime specialist, tackling large-scale, organised crime can be an uphill battle and often you can find yourself lost.

Key issues

Money laundering continues to increase
Pressure to find cost savings in the current climate
Looking for secure ways of identity validation
Identity theft is still on the increase (Source: CIFAS).
Financial crime increasingly linked to organised crime.

The solution

Geographic intelligence from Ordnance Survey can help by enabling you to:

Identify trends in your data - viewing hot spots at individual address level, as opposed to postcode banding, can help to reveal trends not apparent through spreadsheets, tables or figures. Identify patterns by exploring your data by geographical area, time, frequency, intensity or associated links.
Present clear comprehensive cases of evidence to Police forces for improved prosecution.
Give you greater confidence in analysing, highlighting and preventing fraud and help reduce potentially fraudulent product applications by combining your own and third-party information with Ordnance Survey location data.
Add Points of Interest to help identify potentially bogus businesses involved in falsely inflated property appraisals or Land Registry® data for establishing ownership, and if a mortgage application is actually for a property for sale.

Business benefits

Improve financial crime detection
Increase financial crime prevention
Enhance prosecution rates
Improved investigation into cases of mortgage fraud, money laundering, ATM theft and credit card fraud.

View our location intelligence products, download free sample data or use OS OpenData^TM products.

Get in touch

Book an appointment to find out more, or to discuss your individual mapping data requirements.

Relevant literature:

Request your copy of the latest IFIG Insurance Fraud Report

Relevant products:

Addressing:

ADDRESS-POINT^®

AddressBase^®

Large scale mapping

OS MasterMap Topography Layer

Aerial Photography