Found 47 results in 1 second.
The National Crime Agency (NCA) has announced that it ceased the operations of Russian Coms, a platform leveraged by criminals to defraud victims globally.
online fraud, identity fraud, payment fraud, fraud platform, data protection
The UK’s Metropolitan Police has announced that it infiltrated LabHost, a fraud website leveraged by criminals to scam individuals into handing over their personal data.
scam, money scam, online security, fraud management, fraud detection, online fraud
Adam McLaughlin from Nice Actimize emphasises the crucial distinction financial institutions need to make between efficiency and effectiveness in adopting technology, as compliance goes beyond mere checkbox activities.
compliance, financial crime, financial institutions, transaction monitoring, Sanctions Screening, fintech, data, artificial intelligence, machine learning, risk management
The UK Government has decided to implement new measures granting law enforcement agencies increased powers over cryptocurrency assets.
cryptocurrency, digital assets, financial crime, regulation
Canada-based TD Bank has received a significant monetary penalty for faulty anti-money laundering controls after an examination by the financial crime institutions.
penalty, money laundering, financial crime, financial sanctions, financial institutions
UK-based fintech company Revolut has been accused of violating the state of Illinoi’s Biometric Information Privacy Act (BIPA).
data protection, biometrics, regulation, fintech, neobanks
South Korea-based cryptocurrency exchange Bithumb has revealed its plans to go public in the East Asian country.
cryptocurrency, cryptocurrency exchange, IPO, financial services
Financial super app Revolut has included stocks of multiple European-listed companies and firms in its investment offering across the European Economic Area.
product launch, product upgrade, expansion, banking, investment, financial services, financial institutions
The UK Financial Conduct Authority (FCA) and Modulr have agreed on imposing customer onboarding restrictions for the payments fintech.
regulation, digital onboarding, fraud management, fraud prevention, fraud detection, embedded finance, BaaS
Revolut has announced a share deal with SoftBank to eliminate difficulties with its UK licence.
mobile banking, online banking, banking license, financial services, fintech, regulation
Revolut has attracted scrutiny from the UK’s Financial Conduct Authority over red-flag accounts that were restricted by the National Crime Agency.
compliance, regulation, fraud management, Account fraud, mobile banking, online banking, digital banking
British banks have aimed to share more data on economic crime suspicions to combat dirty money inflows into the country.
AML, banks, data sharing, data aggregation, fraud prevention
A multi-national law enforcement team led by the FBI and Dutch National Police has taken down the cybercrime hub Genesis Market.
cybercrime, cybersecurity, data protection, Europol, FBI, identity theft
In the wake of the FTX meltdown from November 2022, governments and financial regulators from around the world are working on regulating crypto.
regulation, compliance, cryptocurrency, digital assets, crypto asset, crypto
US-based Open Banking platform Plaid the launch of Plaid Identity Verification and Monitor, a global verification and KYC solution, in Canada.
Open Banking, product launch, identity verification, compliance, digital identity
Five associations have come together to form a new alliance – the UK Forum for Digital Currencies (UK FDC) – which aims to innovate the payments industry.
partnership, digital currency, payments , regulation, investment
The South Korean National Tax Service agency has opened an investigation into the activities of Bithumb and its affiliates over tax evasion concerns.
tax evasion , cryptocurrency exchange, compliance
The UK’s National Crime Agency has decided to assemble a specialised team to proactively investigate cryptocurrency-related crime.
cryptocurrency, digital assets, financial crime, cybercrime
UK-based fraud prevention company Featurespace has secured funding from the UK and US governments to build an AI system that detects financial crime for banks and PSPs.
Featurespace, APP fraud, AML, fraud prevention, artificial intelligence, privacy-enhancing technology
The Paypers delves into some regulatory updates happening in the US and Canada that financial institutions need to consider, plus highlights the regtech, IDV, and blockchain analytics kings in the Americas region.
digital identity, financial crime, regtech, blockchain analytics, cybercrime, fraud prevention, identity verification