The Payments Association

FEBRUARY 10, 2025

Economic Crime and Corporate Transparency Act examined: A guide to avoiding the failure-to-prevent fraud offence February 6 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? And dont forget to keep your risk assessment and procedures up-to-date going forward!

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

The Payments Association

JULY 30, 2024

We are excited to announce the expansion of our Financial Crime services to support with Fraud challenges. Fraud continues to be a major risk to all firms, regulated and non-regulated, not just through monetary loss but also regulatory and reputational risk. Download our new Fraud Services brochure to find out more. Read more

Monetary Loss 88

Monetary Loss Financial Crimes Crime Regulations 88

The Fintech Times

AUGUST 11, 2024

. “Market growth and volatility, as observed in recent months, often bring an influx of new investors who may be more susceptible to scams and hacks, and elevated prices during these periods can result in larger monetary losses,” he said. per cent from 0.42 per cent in 2022.

Scams 112

Scams Monetary Loss Cryptocurrency Blockchain 112

PYMNTS

FEBRUARY 12, 2020

According to the 2019 edition of the FBI’s Internet Crime Report , last year was both a lucrative and diverse year for cybercriminals and scammers. All in, the FBI’s Internet Crime Complaint Center (IC3) received a total of 467,361 complaints, with reported losses exceeding $3.5

Business Email Compromise 101

Business Email Compromise FBI Email Compromise Scams 101

PYMNTS

DECEMBER 9, 2020

GIACT works in identity verification, and Refinitiv plans to offer its EPIC platform alongside the company's own World-Check to give customers comprehensive services to address money laundering risks, prevent monetary loss and look out for payments fraud, the two companies said in a news release.

Fraud Prevention 80

Fraud Prevention Money Laundering Due Diligence Monetary Loss 80

Stax

NOVEMBER 27, 2023

That’s a lot of money being exchanged—and also provides a huge amount of possibility for financial crime. Financial crime can take on several faces, including (cyber) fraud, cryptocurrency scams, and money laundering—and companies offering financial services can lose out on serious bucks. billion for its role in financial crime.

Due Diligence 88

Due Diligence Money Laundering AML Financial Crimes 88

The Fintech Times

APRIL 22, 2024

. “Criminals are returning to old-school shoulder surfing tactics – that made ATMs a nightmare – to access the phones they then steal to commit secondary crimes. The study reveals that one in five respondents experienced compromised personal bank accounts through unauthorised access via mobile banking apps.

Identity Theft 59

Identity Theft Consumer Online and Mobile Banking Monetary Loss 59