ID theft and SIF schemes are increasingly enabling new account fraud (NAF), which can derail money laundering inquiries, and is integral to the furtherance of application fraud. CLEAR ID Confirm allows you to quickly identify and confirm individuals, making the KYC process seamless from the beginning stages of identity verification.
Synthetic Identity Fraud—when criminals use falsified consumer data to open new accounts and credit cards, or apply for loans—has been identified as one of the top-three risks facing the banking industry. Find out how your institution can proactively address Synthetic Identity Fraud.
Are you considering committing fraud? Do you plan to discuss your activities over email? Are you unaware of the fact that writing things like, "Nobody will find out" or "I'll leave a garbage bag filled with our ill-gotten gains in the dumpster out back" might help tip off people looking to crack down on crime? If you answered yes to all of the above, this information could actually be of use to you: