NICE Actimize Partners with The Knoble Non-Profit Network to Issue Best Practices Guide for Identifying Human Trafficking Activity
NICE Actimize (NASDAQ: NICE) has partnered with The Knoble Network to release the 'Guide to Investigating Human Trafficking in Financial Crime.' This comprehensive guide aims to help financial institutions and money services businesses detect, investigate, and respond to potential human trafficking activities within their operations.
The guide, released during Human Trafficking Prevention Month, includes red flags, case examples, and practical response steps. It was developed through research and surveys of financial institutions of various sizes, incorporating insights from front-line banking employees to back-end analysts. The guide specifically addresses how trafficking-related financial activities intersect with financial institutions at different stages, including recruitment, transportation, exploitation, and financial transactions.
The resource is exclusively available to members of The Knoble Network, an alliance of financial service professionals, law enforcement, regulators, and NGOs working to combat human crime.
NICE Actimize (NASDAQ: NICE) ha collaborato con The Knoble Network per pubblicare la 'Guida all'Investigazione del Traffico di Persone nei Crimini Finanziari.' Questa guida completa ha l'obiettivo di aiutare le istituzioni finanziarie e le aziende di servizi monetari a rilevare, indagare e rispondere a potenziali attività di traffico di persone all'interno delle loro operazioni.
La guida, pubblicata durante il Mese della Prevenzione del Traffico di Persone, include segnali di allerta, esempi di casi e passi pratici da seguire. È stata sviluppata tramite ricerche e sondaggi tra istituzioni finanziarie di varie dimensioni, incorporando le intuizioni dei dipendenti bancari in prima linea fino ad arrivare agli analisti di back-end. La guida affronta specificamente come le attività finanziarie legate al traffico interagiscono con le istituzioni finanziarie in diverse fasi, comprese reclutamento, trasporto, sfruttamento e transazioni finanziarie.
La risorsa è disponibile esclusivamente per i membri di The Knoble Network, un'alleanza di professionisti dei servizi finanziari, forze dell'ordine, regolatori e ONG impegnati nella lotta contro il crimine umano.
NICE Actimize (NASDAQ: NICE) se ha asociado con The Knoble Network para lanzar la 'Guía para Investigar el Tráfico de Personas en el Crimen Financiero.' Esta guía integral tiene como objetivo ayudar a las instituciones financieras y a los negocios de servicios monetarios a detectar, investigar y responder a actividades potenciales de tráfico de personas dentro de sus operaciones.
La guía, publicada durante el Mes de Prevención del Tráfico de Personas, incluye banderas rojas, ejemplos de casos y pasos de respuesta prácticos. Se desarrolló a través de investigaciones y encuestas a instituciones financieras de varios tamaños, incorporando perspectivas de empleados de banca en primera línea hasta analistas de back-end. La guía aborda específicamente cómo las actividades financieras relacionadas con el tráfico se cruzan con las instituciones financieras en diferentes etapas, incluyendo reclutamiento, transporte, explotación y transacciones financieras.
El recurso está disponible exclusivamente para miembros de The Knoble Network, una alianza de profesionales de servicios financieros, fuerzas del orden, reguladores y ONG que trabajan para combatir el crimen humano.
NICE Actimize (NASDAQ: NICE)는 인적 밀매 범죄 조사를 위한 '가이드'를 발행하기 위해 The Knoble Network와 협력했습니다. 이 포괄적인 가이드는 금융 기관과 자금 서비스 비즈니스가 운영 내에서 잠재적인 인적 밀매 활동을 탐지, 조사 및 대응하는 데 도움을 주기 위한 것입니다.
이 가이드는 인적 밀매 예방 월에 발표되었으며, 적신호, 사례 예시 및 실질적인 대응 단계를 포함하고 있습니다. 다양한 규모의 금융 기관을 대상으로 한 연구 및 설문 조사를 통해 개발되었으며, 프론트라인 은행 직원부터 백엔드 분석가까지의 통찰력을 통합하고 있습니다. 이 가이드는 인적 밀매와 관련된 금융 활동이 모집, 운송, 착취 및 금융 거래를 포함한 여러 단계에서 금융 기관과 어떻게 인터섹션 되는지를 구체적으로 다루고 있습니다.
이 자료는 인적 범죄 퇴치를 위해 노력하는 금융 서비스 전문가, 법 집행 기관, 규제 기관 및 NGO의 연합인 The Knoble Network의 회원에게만 독점적으로 제공됩니다.
NICE Actimize (NASDAQ: NICE) a s'associé avec The Knoble Network pour publier le 'Guide sur l'Investigation du Trafic d'Êtres Humains dans le Crime Financier.' Ce guide complet vise à aider les institutions financières et les entreprises de services monétaires à détecter, enquêter et répondre aux activités potentielles de trafic d'êtres humains au sein de leurs opérations.
Le guide, publié durant le Mois de la Prévention du Trafic d'Êtres Humains, comprend des signaux d'alerte, des exemples de cas et des étapes de réponse pratiques. Il a été élaboré grâce à des recherches et des enquêtes auprès d'institutions financières de tailles diverses, intégrant les perspectives des employés de banque en première ligne jusqu'aux analystes de back-office. Le guide aborde spécifiquement comment les activités financières liées au trafic intersectent avec les institutions financières à différentes étapes, y compris le recrutement, le transport, l'exploitation et les transactions financières.
Cette ressource est exclusivement disponible pour les membres de The Knoble Network, une alliance de professionnels des services financiers, d'agences d'application de la loi, de régulateurs et d'ONG qui luttent contre le crime humain.
NICE Actimize (NASDAQ: NICE) hat sich mit The Knoble Network zusammengeschlossen, um den 'Leitfaden zur Untersuchung von Menschenhandel im Finanzwesen' herauszugeben. Dieser umfassende Leitfaden soll Finanzinstituten und Geldserviceunternehmen helfen, potenzielle Menschenhandelsaktivitäten innerhalb ihrer Betriebe zu erkennen, zu untersuchen und darauf zu reagieren.
Der Leitfaden, der während des Monats zur Prävention von Menschenhandel veröffentlicht wurde, umfasst Warnsignale, Fallbeispiele und praktische Schritte zur Reaktion. Er wurde durch Forschung und Umfragen unter Finanzinstituten verschiedener Größenordnungen entwickelt und integriert Erkenntnisse von Mitarbeitern im Front-Office bis hin zu Back-End-Analysten. Der Leitfaden behandelt spezifisch, wie menschenhandelsbezogene finanzielle Aktivitäten in verschiedenen Phasen mit Finanzinstituten interagieren, einschließlich Rekrutierung, Transport, Ausbeutung und finanziellen Transaktionen.
Das Material steht ausschließlich Mitgliedern von The Knoble Network zur Verfügung, einem Zusammenschluss von Fachleuten aus dem Finanzdienstleistungssektor, der Strafverfolgungsbehörden, Regulierungsbehörden und NGOs, die sich dem Kampf gegen Menschenkriminalität widmen.
- Partnership with The Knoble Network enhances NICE's position in financial crime prevention
- Development of specialized solutions for detecting human crimes demonstrates product expansion
- None.
Insights
This partnership, while well-intentioned, represents a routine corporate social responsibility initiative without direct material impact on NICE's financial performance or stock value. The guide's release, coinciding with Human Trafficking Prevention Month, primarily serves as a knowledge-sharing tool for financial institutions to better detect trafficking activities. While it may enhance NICE Actimize's reputation in the compliance and anti-financial crime space, it doesn't introduce new revenue streams or technological capabilities that would significantly affect the company's market position.
The collaboration with The Knoble Network demonstrates NICE's commitment to social responsibility but doesn't constitute a substantial business development that would materially impact shareholder value or future earnings. From an investment perspective, this initiative falls under standard corporate citizenship activities rather than a market-moving event.
The development of this best practices guide aligns with increasing regulatory scrutiny on financial institutions' role in preventing human trafficking. While the guide itself doesn't represent new regulatory requirements, it positions NICE Actimize strategically as a thought leader in financial crime prevention. However, the initiative doesn't introduce new compliance products or services that would generate additional revenue streams.
The partnership enhances NICE's credibility with regulators and financial institutions but doesn't fundamentally alter its competitive position or market share in the anti-financial crime solutions sector. For investors, this represents a continuation of NICE's existing strategy rather than a material development that would impact the company's valuation or growth prospects.
NICE Actimize will provide guidance to financial institutions looking to identify trafficking activity and human-targeted financial-based crimes and abuse
The guide provides insights on how to properly detect, investigate and respond to unusual activities detected by frontline employees or by systematic identification. This guide includes red flags, case examples, and practical response steps.
The Knoble has released The Guide in recognition of January’s Human Trafficking Prevention Month, a time to reflect on the resilience of trafficking survivors and recognize the efforts of those who work tirelessly to prevent and eliminate this inhumane and devastating form of abuse and exploitation.
The best practices identified and recommended in the guide were researched by surveying a range of financial institutions of all sizes from front-line banking employees to back-end office analysts who examine all types of suspicious activities within financial institutions. Their insights and suggestions provide direction to other FIs looking to reduce the amount of human trafficking-related financial crime proceeds that potentially flow through their institutions.
“NICE Actimize believes strongly in the importance of providing the latest research to the front lines of financial institutions which may be experiencing activity that is potentially aligned to human trafficking – from the front-desk tellers to those analysts investigating suspicious activity and transactions. Our insights provide a valuable resource to help financial institutions take preventative measures to identify and stop these crimes,” said Craig Costigan, CEO, NICE Actimize. “We continue to invest in solutions and advanced technologies that detect human crimes, like trafficking, elder abuse, and more.”
“To advance the fight to protect people, the industry must expand proven solutions that fight financial crime and fraud today into the less charted waters of directly protecting people from exploitation. As a leading financial crime and fraud solutions provider, NICE Actimize continues to expand its offering to fight human crimes. As we all work together, it is extremely encouraging when organizations like NICE Actimize lead the way,” said Ian Mitchell, Founder and Board Chair of The Knoble.
According to the guide, financial activities linked to human trafficking can converge with financial institutions and money services businesses at various stages, including recruitment, transportation, exploitation, and financial transactions. These transactions may involve payments for transporting and housing victims, as well as collecting proceeds from their exploitation and moving funds. Traffickers often launder proceeds through legitimate businesses to support trafficking operations. FIs and money service businesses may inadvertently facilitate these transactions if they are not vigilant.
NICE Actimize continues to develop ongoing initiatives in association with The Knoble which inform and provide direction to financial institutions looking to establish a proactive defense against human trafficking and other human crimes.
Access to The Guide is available exclusively through The Knoble Member Center Resource Library. Not a member? Apply for free today and join The Knoble Network in the fight against Human Crime.
About The Knoble
Founded in 2019 by Ian Mitchell, The Knoble is a non-profit alliance of financial institutions, law enforcement, financial services professionals, and NGOs dedicated to fighting Human Crime, including scams, human trafficking, child exploitation, and elder financial exploitation. Through innovative initiatives and thought leadership, we empower professionals to make a real-world impact. Apply for membership at TheKnoble.com to join our vetted network and gain complimentary access to The Knoble Network Member Center, where experts connect, collaborate, and participate in exclusive roundtables and forums. To learn more about Corporate Membership or Sponsorship opportunities, reach out to Ken Goins at ken@theknoble.com. Together, we can protect the vulnerable and combat Human Crime.
About NICE Actimize
As a global leader in artificial intelligence, platform services, and cloud solutions, NICE Actimize excels in preventing fraud, detecting financial crime, and supporting regulatory compliance. Over 1,000 organizations across more than 70 countries trust NICE Actimize to protect their institutions and safeguard assets throughout the entire customer lifecycle. With NICE Actimize, customers gain deeper insights and mitigate risks. Learn more at www.niceactimize.com.
About NICE
With NICE (Nasdaq: NICE), it’s never been easier for organizations of all sizes around the globe to create extraordinary customer experiences while meeting key business metrics. Featuring the world’s #1 cloud native customer experience platform, CXone, NICE is a worldwide leader in AI-powered self-service and agent-assisted CX software for the contact center – and beyond. Over 25,000 organizations in more than 150 countries, including over 85 of the Fortune 100 companies, partner with NICE to transform - and elevate - every customer interaction. www.nice.com
Trademark Note: NICE and the NICE logo are trademarks or registered trademarks of NICE Ltd. All other marks are trademarks of their respective owners. For a full list of NICE’s marks, please see: www.nice.com/nice-trademarks.
Forward-Looking Statements
This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including the statements by Mr. Costigan are based on the current beliefs, expectations and assumptions of the management of NICE Ltd. (the “Company”). In some cases, such forward-looking statements can be identified by terms such as “believe,” “expect,” “seek,” “may,” “will,” “intend,” “should,” “project,” “anticipate,” “plan,” “estimate,” or similar words. Forward-looking statements are subject to a number of risks and uncertainties that could cause the actual results or performance of the Company to differ materially from those described herein, including but not limited to the impact of changes in economic and business conditions; competition; successful execution of the Company’s growth strategy; success and growth of the Company’s cloud Software-as-a-Service business; changes in technology and market requirements; decline in demand for the Company's products; inability to timely develop and introduce new technologies, products and applications; difficulties in making additional acquisitions or difficulties or delays in absorbing and integrating acquired operations, products, technologies and personnel; loss of market share; an inability to maintain certain marketing and distribution arrangements; the Company’s dependency on third-party cloud computing platform providers, hosting facilities and service partners; cyber security attacks or other security breaches against the Company; privacy concerns; changes in currency exchange rates and interest rates, the effects of additional tax liabilities resulting from our global operations, the effect of unexpected events or geo-political conditions, such as the impact of conflicts in the
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Corporate Media Contact
Cindy Morgan-Olson, +1 646 408 5896, media@nice.com, ET
Investors
Marty Cohen, +1 551 256 5354, ir@nice.com, ET
Omri Arens, +972 3 763 0127, ir@nice.com, CET
Source: NICE
FAQ
What is the purpose of NICE Actimize's new human trafficking guide?
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