535 Results from /crime
Zach Meyers Assistant Director at Centre for European Reform
As EU law-makers update Europe’s payments laws, they want to tackle the bloc’s growing number of impersonation, romance and investment scams. Clamping down on these types of scams demands close collaboration between banks, telecoms companies, online platforms and public authorities. However, Members of the European Parliament (MEPs) instead want t...
27 November 2024 /payments /crime
Alexandre Kech CEO at The Global LEI Foundation
The scale, sophistication, and impact of corporate fraud have reached unprecedented levels worldwide. Interpol’s 2024 Global Financial Fraud Assessment reports that “financial fraud has increased and diversified significantly [and] represents a pervasive, global threat.” Even more sobering is the expectation that the “magnitude of financial fraud [...
27 November 2024 /identity /crime Exposing Financial Crime
Nickii Mallia Business Development Manager at Aqubix Ltd - KYC Portal
Effective client lifecycle management extends beyond initial onboarding. It involves continuous monitoring, relationship management, and customer engagement. Here are some strategies to enhance CLM: Risk-Based Approach Adopt a risk-based approach to client management. Prioritise high-risk clients for more frequent reviews and enhanced due diligence...
27 November 2024 /regulation /crime
Anders Olofsson Payment Oracle at FintechCore
In end of December 2024 the Sveriges riksbank is extending the domestic real time payments system, RIX Inst, to enable bank initiated account to account payments. Already the SWISH wallet has moved its clearing and settlement to this platform. Where SWISH and many other wallets and peer-to-peer solution are adopting an alias service to enable the...
26 November 2024 /payments /crime
Joshua Vowles-Dent Business, Strategy and Partnerships Manager at ComplyCube
Do you trust me? A question someone you’ve known for years asks you just before suggesting doing something that is either entirely new or somewhat outside of your comfort zone. Your answer is yes. It’s always yes. (Unless it’s not. Awkward). So, you commit. You jump. You put your trust in their hands. You fall backward, knowing they’ll always catc...
26 November 2024 /identity /crime Digital Identity Management
Shagun Malhotra CEO and Founder at SkyStem
Emerging threats for accounting firms have steadily risen over the years, with more and more business emails being compromised, leading to an annual loss of around $2.4 billion. Just a few months back, an accounting service based in Maine suffered a huge data breach that compromised personal information of over 1.1 million individuals. Unfortun...
25 November 2024 /security /crime Exposing Financial Crime
Tristan Prince Product Director, Fraud & Financial Crime at Experian
With UK consumers set to spend £28 billion this festive season, the UK faces another significant surge in identity fraud. With online criminals looking out for more ways to exploit people’s information to commit fraud, financial service firms are under immense pressure to ensure their fraud-prevention systems are fit for purpose. Recent legislatio...
25 November 2024 /identity /crime
Mayank Sharma Sr Product Marketing Manager at Innovative Systems
Returning from Money20/20, it’s clear that the future of finance is rapidly evolving, with key trends pointing towards a world of open banking, instant payments, multi-rail ecosystems and the growing prominence of stablecoins. These innovations are shaping how we think about payments, fraud prevention, and compliance. Here’s a breakdown of the bi
19 November 2024 /regulation /crime Embedded Finance
Francesco Fulcoli Chief Compliance and Risk Officer at Flagstone
The United Nations Office on Drugs and Crime (UNODC) recently released a comprehensive issue paper on organised fraud, shedding light on this increasingly sophisticated and pervasive form of criminal activity. The report underscores the urgent need for a coordinated global response to counter the diverse forms of organized fraud, which exploit bo...
18 November 2024 /payments /crime Fintech
Deon Crasto Head of Payments
In the rapidly evolving landscape of B2B payments, companies are constantly seeking innovative ways to expand their market reach and streamline operations. The COVID-19 pandemic accelerated this trend, pushing businesses to explore new models and technologies. As growth rates declined for many companies during this period, there was a shift toward...
16 November 2024 /payments /crime Fintech
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