The Payments Association

DECEMBER 7, 2023

The Payments Association’s annual Financial Crime 360 conference took place at the Royal Lancaster Hotel in London on Tuesday, 21 November. Hundreds of industry professionals from across the payments industry heard from some of the sector’s most important voices on the ever-present issue of financial crime and its solutions.

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Neopay

MAY 7, 2024

The Financial Conduct Authority (FCA) is proposing significant updates to its Financial Crime Guide. The FCA aims to assist firms in understanding regulatory expectations while empowering them to assess the adequacy of their financial crime systems and controls. However, the proposed changes don’t stop there.

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The Fintech Times

MAY 12, 2024

Now, Sumsub is gearing up for a second iteration of its Advanced Transaction Monitoring Masterclass 2024 , which will help over 2,500 anti-money laundering (AML), anti-fraud, and compliance professionals in the fintech sector to boost their knowledge in combating financial crime issues facing their respective companies.

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Finextra

APRIL 17, 2024

Revolut, the global financial app with more than 40 million customers worldwide, has today announced the release of its first Financial Crime and Consumer Security Report, containing exclusive scam and fraud insights.

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Financial Crimes Crime Security Consumer 72

Fintech News

MARCH 31, 2024

This balance ensures the protection of legitimate customers’ interests while empowering FIs to effectively assess and mitigate risks associated with financial crimes. It complements the industry’s existing close collaboration with MAS and law enforcement authorities to combat financial crime.

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Financial Crimes Crime Money Laundering Law Enforcement 87

The Paypers

FEBRUARY 26, 2024

The Financial Action Task Force (FATF) has announced that it has dropped the UAE from its grey list regarding concerns about financial crime and money laundering.

Financial Crimes 90

Financial Crimes Crime Money Laundering 90

Finextra

APRIL 25, 2024

In order to further increase Swedbank’s ability to combat financial crime, Anti-Financial Crime (AFC) will be integrated into Group Products and Advice (GPA), effective immediately.

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Finextra

APRIL 24, 2024

AI-based financial crime detection startup ComplyAdvantage has acquired Golden Recursion in a deal that brings Andreessen Horowitz in as a shareholder.

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Fintech News

FEBRUARY 6, 2024

The battle against financial crime is an ever-evolving challenge requiring expert knowledge, cutting-edge technology, and continuous learning. As white-collar criminals tirelessly innovate their methods to commit financial crimes, the question arises: How can one step ahead in this high-stakes game?

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The Fintech Times

APRIL 24, 2024

ComplyAdvantage , the financial crime intelligence firm, has officially acquired Golden , a San Francisco-based firm automating the construction of one of the world’s largest knowledge graphs, which shows interconnected data points and their relationships to analyse complex information.

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Financial Crimes Crime AI Acquirers 57

The Fintech Times

APRIL 3, 2024

“It complements the industry’s existing close collaboration with MAS and law enforcement authorities to combat financial crime. The post Singapore Introduces COSMIC Platform to Combat Financial Crimes appeared first on The Fintech Times.

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Financial Crimes Crime Money Laundering Law Enforcement 57

Fintech News

FEBRUARY 21, 2024

This development is set against the backdrop of evolving financial crimes, which increasingly involve complex, multi-jurisdictional operations. Featured image credit: Edited from Freepik The post How Will MAS New Amendments Impact Financial Crime Enforcement appeared first on Fintech Singapore.

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Financial Crimes Crime Authorization Consulting 97

Finextra

APRIL 25, 2024

Economic crime costs have escalated to an estimated £290* billion annually. Compounding this issue,

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Fintech News

FEBRUARY 15, 2024

These data, released preliminarily in anticipation of the upcoming Chainalysis 2024 Crypto Crime Report, reveal that 2023 was a year of recovery for the cryptocurrency industry as the sector rebounded from the scandals, business collapses and price declines that took place in 2022. The crypto is up 9% from the start of 2024.

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The Fintech Times

JANUARY 30, 2024

Themis , the financial crime tech firm has reinforced its commitment to preventing financial crime as it launches its new risk management cloud service, hosted in Saudi Arabia. As a result, the service is poised to become a cornerstone for organisations seeking top-tier financial crime prevention infrastructure.

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Finextra

JANUARY 24, 2024

The London innovation hub of the Bank for International Settlements is inviting applications for an expert advisory group on a Bank of England-led project on financial crime fighting.

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Neopay

FEBRUARY 26, 2024

Mark Francis Director, Wholesale and Unauthorised Business Investigations, and co-sponsor of the FCA’s Financial Crime Public Commitment We’ve made good progress to reduce and prevent financial crime, now more collaborative action across 4 areas of focus can help shift the dial further. Financial crime is never victimless.

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The Fintech Times

FEBRUARY 18, 2024

NICE Actimize introduces three advanced generative AI-based solutions aimed at combating financial crime and streamlining investigations and reporting processes. “Generative AI is a powerful tool in fighting financial crime,” said Craig Costigan , CEO, NICE Actimize.

Financial Crimes 57

Financial Crimes Crime Suspicious Activity Report (SAR) AI 57

Neopay

NOVEMBER 28, 2023

The digital revolution, spearheaded by digital banking, cryptocurrency, artificial intelligence (AI), and digital payment systems, has significantly contributed to the exponential rise in global financial crime compliance costs. As a result, the cumulative financial crime compliance costs have now exceeded an impressive $206 billion.

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Finovate

APRIL 24, 2024

Impact asset manager Finance in Motion has teamed up with financial crime compliance specialist Napier AI. Financial crime compliance company Napier AI announced a partnership with impact asset manager Finance in Motion this week. . London-based Napier AI made its Finovate debut at FinovateEurope in 2018.

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The Fintech Times

FEBRUARY 26, 2024

Two fifths of regulated firms are reporting a rise in financial crime attempts, while more than a quarter admit to being victims, according to a recent survey by SmartSearch, a UK provider of anti-money-laundering software.

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Financial Crimes Crime Legal Money Laundering 57

ACI Worldwide Blog

MARCH 27, 2024

The post Financial crime hits new heights – how merchants can fight back appeared first on ACI Worldwide. And TransUnion confirms this, sharing 60% of auto finance fraud losses are due to synthetic identity fraud. 2024 is the year for organizations to leverage AI tools and shore up fraud defenses.

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ACI Worldwide Blog

MARCH 27, 2024

The post Financial crime hits new heights – how merchants can fight back appeared first on ACI Worldwide. And TransUnion confirms this, sharing 60% of auto finance fraud losses are due to synthetic identity fraud. 2024 is the year for organizations to leverage AI tools and shore up fraud defenses.

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Financial Crimes Crime AI Risk 52

Finextra

APRIL 29, 2024

Why are banks struggling to keep up with the digitalisation required to mitigate financial crime?

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Finextra

FEBRUARY 8, 2024

Today ING and certain board members were served with a writ of summons for litigation in The Netherlands on behalf of investors who claim to have suffered financial losses in connection with ING’s disclosures on historic shortcomings in its financial economic crime policies, related risk management and control systems, the investigation by and settlement (..)

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The Paypers

FEBRUARY 6, 2023

Interpol has confirmed it is investigating how it could police crimes in the metaverse, as criminals have started targeting users on similar virtual world platforms.

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Metaverse Crime 68

Finextra

AUGUST 4, 2023

Watch this webinar on the importance of network analytics with financial crime and compliance organisations, and best practices for deploying this technology.

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Financial Crimes Crime Best Practices Risk 52

Finextra

JANUARY 24, 2024

The London innovation hub of the Bank for International Settlements is inviting applications for an expert advisory group on a Bank of England-led project on financial crime fighting.

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Financial Crimes Crime Advisors Settlement 49

The Paypers

APRIL 21, 2022

The Paypers has launched the Financial Crime and Fraud Report 2022 , a comprehensive overlook of the current landscape of digital onboarding, fraud management, and financial crime in financial services.

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Financial Crimes Crime 85

BioCatch

MARCH 12, 2024

The following is a conversation with award-winning crime reporter Diamant Salihu, who’s speaking at BioCatch’s Threat Talk Live in Copenhagen on April 23. It’s been translated from Swedish to English.

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Crime Fraud Prevention 52

The Paypers

DECEMBER 11, 2023

Iceland-based AML software company Lucinity has integrated with Open Banking payments provider Trustly to augment its financial crime prevention operations.

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FICO

NOVEMBER 15, 2022

Siron Financial Crime Solutions Are Moving from FICO to IMTF. The team behind Siron are moving from FICO to IMTF, which will run the entire Siron Anti Financial Crime business worldwide. This is great news for Siron’s 1,200+ customers worldwide, and for efforts to stop financial crime in general. FICO Admin. by TJ Horan.

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Financial Crimes Crime Money Laundering Compliance 52

The Paypers

NOVEMBER 13, 2023

The Financial Conduct Authority has announced the inclusion of the US-based Metro Bank to its financial crime watchlist, with plans to keep it under supervision.

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PYMNTS

JULY 24, 2020

PYMNTS’ July 2020 Preventing Financial Crimes Playbook , done in collaboration with NICE Actimize , examines the cybertheft menace from a variety of angles, with an eye on COVID-era scams. The COVID-19 pandemic is making the threat of financial crime worse,” states the new Playbook. So must good actors. Better Together.

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Financial Crimes Crime Cybersecurity Risk Assessment 75

Finextra

NOVEMBER 16, 2023

trillion annually, global financial crime demands an innovative response. Costing up to $3.5

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FICO

OCTOBER 7, 2020

I recently had the honor of participating in a session on Fraud and Financial Crimes Convergence at the Aite Financial Crime Forum. I’m excited to share, the industry is rallying around convergence of fraud and financial crime management, and the opinions shared by my colleagues on the panel confirm it.

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PYMNTS

JANUARY 12, 2021

Organized crime rings are taking advantage of the pandemic, looser police enforcement and a softening in anti-shoplifting laws to swipe tons of merchandise from retail stores and warehouses across the United States. Experts report that such organized retail crime is growing — and not necessarily just because of the pandemic.

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