Financial crime continues to hit record highs—impacting companies in more diverse ways than ever before.
In the United Sates alone, over half of all companies (56%) have experienced financial crime in the past 24 months, with customer fraud, cybercrime and accounting fraud being the top three criminal activities reported.*
These financial crimes, as well as public corruption, embezzlement and corporate fraud t, to name a few, are characterized by reams of financial data and endless documents. Investigating them is therefore labor intensive and law enforcement agencies lack the resources, time and technical expertise to ingest, analyze and interpret the data required to identify meaningful evidence.
*PwC’s Global Economic Crime and Fraud Survey 2020
Follow the money
The Chorus Intelligence Suite is proven to help law enforcement agencies reduce the risk of financial crime by quickly identifying and reporting on indicators of fraudulent and illegal activities.
Made up of modular applications, its advanced analytical modelling techniques enable you to ‘follow the money’. Instantly cleanse, enhance and analyze all financial data to detect patterns in the movements of funds and identify and report on suspicious activity.
How Chorus can help
Cleanse and analyze all financial data
Upload any financial data. For example, bank and credit card statements, ebanking (eg: PayPal), trading data and SARs.
Automated cleansing rules will search for patterns in the movement of funds across multiple accounts.
Save up to 90% of a Financial Analyst’s time in the data formatting stage.
Enrich data to enhance investigative capability
Group data sets to reveal patterns and trends, such as transaction type. For example, cash, direct debit and by supplier (supermarket, utilities etc.)
Automatically add extra information to transactions to help build up a profile and identify a financial lifestyle.
Identify where cash flows appear too large and where salaries do not match day-to-day expenditures. The visualization of the flow of funds swiftly identifies a financial network.
Dynamic visualization and reporting
Custom reports can be generated on any financial crime analysis. Chart the activity of an account over time and use a fully interactive pivot table to display results to offer as intelligence and evidence.
Take the courtroom-ready reports to trial to prove financial crimes, such as:
False accounting entries and/or misrepresentations of financial condition
Fraudulent trades designed to inflate profits or hide losses
Illicit transactions designed to evade regulatory oversight
Individual tax violations related to self-dealing
The time spent analyzing data has been cut to a fraction of that used prior to having Chorus available.
Designed + built To Integrate
Modular solutions. Powerfully combined.
The Intelligence Suite is modular. Each product can be deployed individually or combined as a full platform to help organizations solve their investigative challenges.