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Economic Crime and Corporate Transparency Act examined: A guide to avoiding failure-to-prevent fraud measures

The Payments Association

Compliance requires proactive fraud risk assessment, the implementation of preventive procedures, and a culture of accountability. This article explores the key provisions of the Act, the risks businesses must address, and the steps required to mitigate potential liabilities.

Crime 88
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PCI DSS Requirement 10 – Changes from v3.2.1 to v4.0 Explained

VISTA InfoSec

Testing aligns with the slightly narrowed focus (read access) but retains the emphasis on practical verification. Other Logs Review "periodically" based on the company's risk assessment Periodic review is still required but now explicitly mentioned in Requirement 10.4.2 Maintains the risk assessment step.

PCI DSS 130
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Top 4 APAC Firms Leading The in The War Against Financial Crime

Fintech News

Arctic Intelligence (Australia) Headquartered in Sydney, Australia, Arctic Intelligence is a multi-award-winning regtech company specializing in financial crime risk assessment technologies. Founded in late 2015, the company provides regulated entities with tools to manage audit, risk, and compliance programs effectively.

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Finovate Global Israel: Identity Verification, Data Privacy, and an Introduction to New Alums

Finovate

AU10TIX expands its Digital ID identity verification solution Israel-based identity verification and management specialist AU10TIX announced the expansion of its Digital ID solution this week. Serving as a verification hub for businesses, AU10TIX’s Digital ID solution enables faster and more accurate identity verification.

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PCI DSS Requirement 9 – Changes from v3.2.1 to v4.0 Explained

VISTA InfoSec

refines media inventory control, emphasizing electronic storage tracking and verification of inventory management procedures. Emphasizes the existence of documented procedures alongside practical verification. certifications too right from scoping to Readiness Assessment, Advisory and Final Certification. PCI DSS v4.0

PCI DSS 147
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FCA Issues Final Guidance on Politically Exposed Persons (FG25/3)

Finextra

This update follows a comprehensive multi-firm review, a public consultation (GC24/4), and recent amendments to the 2017 Money Laundering Regulations. A Smarter Approach to Risk Assessment The FCA reiterates that not all PEPs pose the same level of risk. Firms should avoid defaulting to a one-size-fits-all approach.

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How to Maintain Anti-Money Laundering Compliance as a PayFac

Stax

An effective AML compliance program must include Know Your Customer (KYC) protocols, transaction monitoring and reporting, risk assessment and categorization, and training and awareness for staff. Risk assessment and categorization The first step towards mitigating risk is to assess it.