Find here all the latest articles, news, and research on Financial Crime and other Financial Crime-related topics:
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Reed Luhtanen, Executive Director of the US Faster Payments Council (FPC), elaborates on internationally-observed strategies that, if implemented, could help the US combat fraud to increase faster payments adoption.
payments , instant payments, real-time payments, RTPs, fraud prevention, biometric authentication, multi-factor authentication, transaction monitoring, Confirmation of Payee, data sharing, machine learning, data analytics, fintech, KYC, financial crime, FedNow
AI-powered solution for KYC and transaction monitoring Fenergo has teamed up with PwC to support the provision of its Client Lifecycle Management (CLM) and Know Your Customer (KYC) solutions to financial institutions.
partnership, AML, KYC, financial crime, financial institutions, artificial intelligence
Global Counsel, in collaboration with Enveil, has published a report addressing economic crime and the role of data sharing in its prevention.
report, research, data sharing, financial crime
The United States, Australia, and the United Kingdom have jointly sanctioned key infrastructure that enabled ransomware attacks.
partnership, cybercrime, financial crime, compliance
The Financial Conduct Authority (FCA) has decided to act against nearly 20,000 financial promotions in 2024, requiring them to be amended or withdrawn.
fraud prevention, promo abuse, regulation, financial crime
Airtel Payments Bank has gone live with I4C’s real-time API integration in order to strengthen customer security and fight against fraud.
partnership, fraud management, API, financial crime
Europol has issued the EFIPPP Practical Guide for Operational Cooperation between Investigative Authorities and Financial Institutions.
financial crime, fraud prevention, partnership, financial institutions, fraud management
Companies House has announced a transition plan in which UK businesses will have to comply with new identity verification requirements for directors and those with corporate control by 2026.
fraud detection, AML, regulation, financial crime, fraud management
The Financial Transactions and Reports Analysis Centre of Canada (Fintrac) has released an alert suspecting that online betting platforms are being used to launder money from fentanyl dealing and production.
AML, financial crime, fraud detection, POS, ATM
US-based private and commercial bank IDB Bank has partnered with ThetaRay to implement the latter’s Transaction Monitoring solution.
financial crime, fraud management, fraud detection, online fraud, compliance
fraud prevention, fraud management, retail, financial crime, deep fake
Tech unicorn Deel has filed against allegations that its platform enabled money laundering and sanctions evasion.
fraud detection, AML, financial crime, fintech, financial services
Block Inc has agreed to pay a USD 80 million fine for violations of the Bank Secrecy Act following a joint enforcement action by 48 state financial regulators.
regulation, fraud management, financial crime, AML, fintech
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has enforced a USD 2.46 million administrative penalty on Exchange Bank of Canada for not falling in line with money laundering regulations.
money laundering, regulation, AML, financial crime, financial sanctions, financial institutions
Mastercard has partnered with Equifax to offer financial institutions, payment service providers, acquiring banks, and merchants from Latin America a solution to overcome fraud challenges.
fraud management, digital payments, financial crime, financial institutions, ecommerce
Barclays has agreed to pay USD 19.5 million to settle a lawsuit by shareholders who sued the bank for securities fraud after it sold USD 17.7 billion more debt than regulators allowed.
banks, regulation, financial institutions, settlement, financial crime
Uganda has confirmed that accounts in the country's central bank had been hacked, as officials also have downplayed the extent of the losses.
online fraud, fraud detection, fraud management, financial crime
NatWest's AML expert Colin Whitmore explores how AI can unlock new potential in the fight against financial crime.
fraud prevention, artificial intelligence, financial crime, AML
Sumsub has announced its partnership with crypto asset risk management company Elliptic in order to tackle crypto financial crime and protect its customers.
partnership, crypto, cryptocurrency, fraud management, financial crime
NICE Actimize has announced its partnership with TF Bank in order to elevate the latter’s financial crime prevention programme through AML and SaaS solutions.
partnership, financial crime, AML, artificial intelligence, SaaS