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Financial services firms have been hit with a total of $36 billion in fines since the financial crisis for non-compliance with anti-money laundering, know your customer and sanctions regulations around the world.
29 January 2020
Cybersecurity experts have urged caution with over-reliance on AI in cyber defence in a new Finextra Research paper exploring predictions for cybersecurity in the year ahead.
Mastercard has opened an intelligence and cyber centre in Vancouver, housing 380 new employees working on areas such as security, AI and the Internet of Things.
23 January 2020
A record number of AML-related fines were issued globally in 2019, totalling £6.2 billion in financial penalties at an average of $145.33 million per fine.
20 January 2020
Travelex says that some of its customer-facing service in the UK are finally live, two and a half weeks after the company was crippled by a ransomware attack.
17 January 2020
A US judge has rubber-stamped a $1.38 billion settlement related to the massive 2017 data breach at Equifax - capping the amount available for cash payouts to victims.
16 January 2020
A pair of financial fraud experts has launched a tool that analyses data breaches to assess the specific risks they pose before recommending actions that consumers can take to protect themselves.
15 January 2020
Indian banks and fintech startups have been given the go-ahead to use video calls to complete KYC compliance checks, following a ruling by the country's central bank.
10 January 2020
With 2019 drawing to a close, we take a look back at our most popular news items, videos and community engagement activities over the course of the past year.
23 December 2019
Police have carried out raids across Europe targeting the buyers of thousands of counterfeit euro banknotes that had been purchased on the darknet.
16 December 2019
ISignthis, a provider of payment verification technology to help banks meets AML reporting obligations, has launched legal proceedings against the Australian Securities Exchange over the suspension of its shares
05 December 2019
NatWest is issuing a payment fob linked to a customer's fingerprint that will allow contactless payments of up to £100 to be made without the use of a bank card or mobile phone.
04 December 2019
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