Michiel Droogsma Senior Manager at Valcon
Financial institutions are engaged in a constant battle to fight money laundering, bribery, fraud, terrorist financing and corruption and adhere to sanctions levied against countries and individuals. And financial crime takes a massive toll – it puts global financial systems at risk, it negatively impacts economic growth and causes massive losses ...
16 November 2023 /security /crime Exposing Financial Crime
Sadi Bezit Head of Business Development Europe at Sadi BEZIT
Back in March, the European Parliament took a significant step towards strengthening anti-money laundering (AML) and countering the financing of terrorism (CFT) efforts. It voted in favour of creating a specialized entity with competence in AML – provisionally named the Anti-Money Laundering Authority (AMLA). Consequently, the AML competences curr...
06 November 2023 /regulation /crime
Kieran Holland Head of Technical Solutions at FinScan
Corporate AML compliance objectives are a balancing act of effective risk management, revenue goals, and cost savings, but the reality is that many organizations struggle to achieve this balance with their AML programs. Instead, they are hamstrung by disjointed processes that fail to use or share all the data or resources across the organization. ...
31 October 2023 /regulation /crime
John Bertrand MD at Tec 8 Limited
The Michael Lewis book, Going Infinite, The Rise And Fall of A New Tycoon and Erica Stanford’s earlier book Cyber Wars, reflect an accurate but disturbing picture of this unregulated market. At times, the market appears to be a huge Ponzi Scam: The Z/Yen Group believes over 60% of the cyber coins on offer are fake. In the UK, 80% of Bank Accoun...
30 October 2023 /crypto /crime Innovation in Financial Services
Claus Christensen CEO at Know Your Customer
From impressive AI-assisted artwork and music generation to intelligent virtual agents that provide efficient responses to customer service queries, recent breakthroughs in artificial intelligence (AI) are transforming the way we approach diverse areas of our lives. Latest developments in AI have opened a whole new world of possibilities, and this...
24 October 2023 /regulation /crime Artificial Intelligence and Financial Services
Francesco Fulcoli CCO at Flagstone
Francesco Fulcoli – Chief Compliance Officer The Financial Conduct Authority recently conducted an extensive review of payment account providers' systems and controls against money mule activity, shedding light on both positive practices and areas that require enhancement. Money mules have emerged as a crucial component of fraudulent schemes, ena...
20 October 2023 /payments /crime Fintech
Nick Green Director at Purple Patch Broking Ltd
The credit data landscape has undergone huge shifts over the past few decades. As longtime veterans who have navigated this complex, ever-evolving industry for over 30 years, we have witnessed these changes firsthand. Data has become increasingly commoditised, as new technologies disrupted the status quo. And regulators have stepped in to address e...
19 October 2023 /retail /crime Banking
Gabriel Hopkins Chief Product Officer at Ripjar
In different regulatory jurisdictions worldwide, adverse media screening is increasingly being used to protect banks and other financial service providers from risk and associated penalties. These systems screen for negative media stories, and flag potential risks to companies such as predicate crime which may be indicative of money laundering or ...
03 October 2023 /regulation /crime Artificial Intelligence and Financial Services
Clare Rowley Head of Business Operations at Global Legal Entity Identifier Foundation (GLEIF)
Addresses are foundational to the global economy. As noted by the Universal Postal Union, "addresses form an important part of the basic information needed to ensure communication (both digital and physical) between individuals, governments, and organizations." Given the fundamental role in enabling legitimate access to global commerce, i...
28 September 2023 /identity /crime
Eli Talmor CEO at ID-Bound
Introduction. Many people and businesses sell products through social media platforms. It's a common practice and can be quite successful. To get started, you'll typically need to create a business profile or page on the platform, showcase your products, engage with your audience, and set up a way for customers to make purchases, such as through a...
15 September 2023 /payments /crime E-commerce
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