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Compliance, Gaming and Gambling in Australia vs USA

Segpay

Fraud Prevention & Transaction Monitoring Australia: Real-time monitoring is required, with suspicious matter reports (SMRs) submitted to AUSTRAC. USA: Stricter transaction monitoring, requiring Suspicious Activity Reports (SARs) to FinCEN and geographical targeting orders (GTOs) for high-risk areas.

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Analytics in Banking: Start with the End in Mind

FICO

They could identify a specific borrower, living on a block of homes that were all underwater, who was strategically defaulting on their mortgage. However, they couldn’t offer that borrower a restructured payment plan without triggering a ripple of additional strategic defaults down the rest of the block. Anti-money laundering.

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High-Risk Source of Application: How to Detect and Manage Them

Seon

Make sure those you proceed with are filed in a suspicious activity report (SAR), which notifies government agencies of potential money launderering. It’s also important to give those who are rejected a chance to appeal. Most will be sent an automated message with very limited information about why they’ve been declined.

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