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In June 2024, the Financial Conduct Authority (FCA) published feedback on good and poor quality applications under the existing cryptoasset anti-money laundering (AML) and counter-terrorist financing ...
In recent years, Know Your Customer (KYC) processes have become increasingly critical for financial institutions and other regulated entities to mitigate risks associated with money laundering, fraud,...
Walking the floor at the recent Merchant Risk Council (MRC) annual Las Vegas conference, I was struck by how often one particular topic kept coming up in my conversations with merchants across differe...
The fintech industry has faced major hurdles due to economic ups and downs and changing regulations. This has forced fintechs to rethink their rapid growth plans. Unbridled expansion is no longer viab...
Financial institutions face increasing challenges in combating financial crime. While technology has significantly advanced (e.g. thanks to AI), the methods employed by criminals have also evolved, be...
The contemporary banking system operates in a dynamic and interconnected global landscape. While this presents vast opportunities, it also introduces novel challenges to financial security. According ...
In 2021, a wave of deepfake videos started to emerge across the internet and social media. From humorous TikTok videos of Tom Cruise, to unsettling speeches from Morgan Freeman explaining synthetic re...
The use of AI in banking fraud detection is becoming more and more popular. Indeed, the statistics surrounding online fraud are alarming. Cybercrime imposes a significant cost on the global economy an...
With a General Election announced for 4 July, now is the perfect time for a stock take on the progress made over the past decade in relation to tackling fraud. For the most part, this was a decade in ...
The global economy is wrestling with never-before-seen levels of identity-related fraud. Cybercrime costs in the United States reached an estimated 320 billion U.S. dollars as of 2023, according to St...
Fraudsters are getting bolder and more sophisticated in their attacks on the financial sector. Their increasingly complex schemes are breaching institutional security and eroding the very foundation o...