Fraud Management & Cybercrime , Fraud Risk Management

Fighting Fraud: Insights for Banks

Expert Addresses Challenges for Banks in Malaysia
Maheswari Kanniah, group chief regulatory and compliance officer at Kenanga Group

Financial institutions should go beyond transactional monitoring when analyzing fraudsters' behavioral patterns and look at communication as well, says Maheswari Kanniah, group chief regulatory and compliance officer at Kenanga Group, an investment bank in Malaysia.

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“The trends in fraud … keep changing and modifying," Kanniah says. And while fraudsters do a good job of sharing information with each other, "information exchange is slow between financial institutions."

In a video interview with Information Security Media Group, Kanniah also discusses:

  • The fraud trends in Malaysian financial institutions;
  • How to tackle the problem of financial statement fraud;
  • Why fraudsters are staying a step ahead of financial institutions.

Kanniah is the executive director and group chief regulatory and compliance officer of Kenanga Investment Bank Bhd. She has more than 43 year experience across the banking and investment sector.


About the Author

Suparna Goswami

Suparna Goswami

Associate Editor, ISMG

Goswami has more than 10 years of experience in the field of journalism. She has covered a variety of beats including global macro economy, fintech, startups and other business trends. Before joining ISMG, she contributed for Forbes Asia, where she wrote about the Indian startup ecosystem. She has also worked with UK-based International Finance Magazine and leading Indian newspapers, such as DNA and Times of India.




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