Financial Crime and Fraud Risk
The Global Risks Alliance (GRA)
Financial Crime and Fraud Risk is published by The Global Risks Alliance (GRA), a nonprofit corporation registered in Nevada, United States, operating as a business league for the financial services industry, and one of the three pillar institutions of Nexus Consortiums. A business league works to improve conditions for an industry as a whole, not for individual firms. This page identifies the publisher, the subject community and the legal limits of the platform.
GRA · In development · service level R0
Financial Crime and Fraud Risk is a specialist platform of The Global Risks Alliance for financial stability, cyber and digital resilience, and governance and institutions. Its mandate covers financial crime controls, fraud patterns, institutional integrity and protection of customers. GRA publishes it, answers for its content and takes no decision on anyone's behalf. It is in development at service level R0, and activities open as each is ready.
Fig.How the platform is governed, from its mandate to the authorities who decide. Design, not a record.
Night-time lights and population, a proxy for economic activity, with the floods and fires that put assets at risk, framed on Mexico; each layer is a dated NASA product.
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Layers 2
Activity and exposure
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NASA GIBS / EOSDIS · ASTER GDEM (METI, NASA) · Natural Earth
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Night-time lights and population, a proxy for economic activity, with the floods and fires that put assets at risk, framed on Mexico.Satellite and model products as NASA publishes them, each with its own date; indicators, not assessments of any place; claim ceiling INTEGRATED.
Layers and dates
The platform exists to build shared industry understanding of financial crime controls, fraud patterns, institutional integrity and customer protection, through research and learning that no single institution can produce alone.
Financial stability, cyber and digital resilience, and governance and institutions.
Financial crime analysts, fraud specialists and compliance researchers.
Fraud research briefs and financial integrity learning.
Financial Crime and Fraud Risk is a GRA platform in development. Its thesis concerns financial crime controls, fraud patterns, institutional integrity and protection of customers. It serves AML and fraud teams, sanctions specialists, FIU analysts and consumer protection researchers.
| Standard setter | Instrument that frames the work of Financial Crime and Fraud Risk |
|---|---|
| FATF | Recommendations |
| Egmont Group | FIU cooperation |
| National authorities | sanctions regimes |
The Global Risks Alliance (GRA) publishes Financial Crime and Fraud Risk and answers for its content under the rules in trust, rights and status.
GRA is a nonprofit business league for the financial services industry. It does not lend, underwrite, rate, invest, advise on or arrange transactions, and readiness work is not approval.
Questions come from the topics and from practitioners, and are scoped in research and evidence.
Sources are published, aggregated or anonymised; no customer-level data is collected.
Named specialists review outputs, including for material that could enable crime.
Reviewed outputs appear on the publications page.
Each term as this page uses it. Where a standard-setting body defines the term, the wording follows that body.
| Term | Definition |
|---|---|
| Service level R0 | The current service level of Nexus pages: information and enquiries only. An enquiry receives a reference and a named next step; it creates no membership, contract, assignment or commitment. |
| Conflict of interest | A situation in which financial, professional or personal interests could compromise, or appear to compromise, judgement in research or review. |
| Money laundering | Processing criminal proceeds to disguise their illegal origin so they can be used as if legitimate. |
| Financial intelligence unit | A national agency that receives, analyses and disseminates reports of suspicious financial activity. |
The bodies and documents this page is read against. Status and editions change; each link goes to the issuing body.
The current service level is R0: information and enquiries. An enquiry receives a reference and names the next step; applications, payments, compute allocations and registrations open only when their team, terms and review capacity exist.