Fraud and AML have operated as separate disciplines for years. That distinction is now a liability. Fraud generates the illegal proceeds; money laundering moves and legitimises them, and firms that keep managing these risks in isolation are exposed to missed suspicious activity reports, breaches of the Proceeds of Crime Act, and mounting scrutiny from regulators including the FCA.
This new white paper from ThirdEye, From silos to systems: Rethinking fraud and AML as a unified financial crime framework, examines why convergence between fraud and AML is no longer optional, and sets out a practical framework for building an integrated financial crime function.
Inside the white paper, you'll discover:
- Why the legal triggers for fraud and money laundering differ — and how that gap creates real regulatory exposure
- How recent FCA enforcement action against major banks exposes the cost of fragmented fraud and AML controls
- Real-world typologies where fraud and AML overlap, including money mules, account takeover, synthetic identity fraud, and crypto rug pulls
- The role of cross-industry intelligence in spotting mule networks and threats that span institutions
- How AI and automation are reshaping detection — and why "human in the loop" oversight remains essential
- Eleven operational considerations for integrating fraud and AML, from operating model design to technology enablement
- A four-stage maturity model to help firms benchmark their own journey from siloed to intelligent, predictive financial crime management
Written by Claire Rees, who brings over 25 years in financial services risk management and 21 years specialising in financial crime prevention, this white paper gives compliance, fraud, and risk leaders a clear-eyed view of where integration is heading, and a practical route to get there.
Download the white paper to see what a truly unified financial crime framework looks like in practice.