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Real-Time Payments: Pre-Verification Helps, In-Flight Detection Matters Most | Part 6 | Bottomline
There’s a strong focus on defending real-time payments across the whole payments journey, before, during, […]
UK Banks Brace for Battle With Increasingly Sophisticated Money Laundering Networks
UK financial institutions are stepping up their fight against money laundering and fraud, but the threat is evolving fast. According to BioCatch’s inaugural Dark Economy Survey, 65% of UK fraud and compliance leaders believe criminal enterprises are now more sophisticated at laundering money than the banks trying to catch them.
Nasdaq Verafin Report Finds that $750 Billion in Money Laundering and Illicit Funds Flowed Through Europe
Nasdaq Verafin has released its new report, Financial Crime Insights: Europe, that takes a deeper dive into the scale of financial crime across Europe. This report provides new analysis of the data from the 2024 Global Financial Crime Report, and industry insights from a survey of anti-financial crime professionals from across Europe, including the EU, UK, Nordic region and more.
Mastercard Launches Anti-Money Laundering Service “TRACE” to Combat Financial Crime in Asia Pacific
Mastercard today officially announced the launch of TRACE (Trace Financial Crime) in Asia Pacific, a […]
Bolstering GenAI Offering, ThetaRay Deploys Comprehensive 'GenAI Financial Crime Detection Suite' Through Collaboration with Microsoft
ThetaRay, a leading provider of AI-powered financial crime detection technology, has announced the deployment of […]
FCA Fines Metro Bank £16m for Financial Crime Failings
The Financial Conduct Authority (FCA) has fined Metro Bank PLC (Metro) £16,675,200. Between June 2016 […]
Share of Banks Losing Clients to Poor KYC Practices Surges to Record High
The number of global banks losing clients to slow and inefficient know your customer (KYC) […]
Unit21 Brings New ACH Fraud Prevention Measures to FIs, Payments Companies and Fintechs Using AI
Unit21, a global risk and compliance leader that proactively mitigates risks tied to fraud, money […]
AU10TIX Launches Advanced AML Solution Featuring Proprietary Decision-Making Mechanism and Rigorous Quality Checks
AU10TIX, a global technology leader in identity verification and management, today unveiled its advanced anti-money […]
FCA Takes First Enforcement Action Against Firm Enabling Cryptoasset Trading
CB Payments Limited (CBPL) has been fined £3,503,546 by the Financial Conduct Authority (FCA) for […]
Singapore Publishes Updated Money Laundering National Risk Assessment
Singapore published its updated Money Laundering (ML) National Risk Assessment (NRA), as part of Singapore’s […]
NVIDIA and Neobank Bunq Fight Financial Fraud With GenAI
European neobank bunq is debunking financial fraudsters with the help of NVIDIA accelerated computing and […]
N26 Welcomes Complete BaFin Growth Restriction Lift From 1 June 2024
N26, Europe’s leading digital bank, welcomes the latest decision from the Federal Financial Supervisory Authority […]
AU10TIX KYB Rapidly Validates Businesses and Owners
AU10TIX, a global technology leader in identity verification and management, today launched an innovative Know […]
More Than a Third of Emerging Finance Firms Fall Victim to Financial Crime in the Last Six Months
More than a third of firms in emerging finance sectors admit that they have been […]
Barclays Warns of 23% Surge in Student Money Mules
Barclays is issuing an urgent warning to university-goers at the start of the academic year, […]
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