The August 2023 report shows financial institutions increasingly treating financial crime management as a corporate strategy, aligning fraud units to promote customer safety, build trust, and improve operational efficiency. Fraud organizational structures vary widely, influenced more by company culture than by size, with governance being a notable exception. Recent organizational changes aim to institutionalize fraud policies enterprise-wide, consolidate resources, and rebalance responsibilities between the first and second lines of defense to enhance effectiveness and efficiency in combating financial crime.

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