The Payments Association

APRIL 22, 2025

Stronger fraud detection and better industry collaboration are needed to protect consumers The Payment Systems Regulator’s (PSR) findings in its December’s Unmasking how fraudsters target UK consumers in the digital age report reveal a stark picture of the growing threat posed by authorised push payment (APP) scams.

Scams 88

Scams Romance Scams Crime Online and Mobile Banking 88

Fintech News

DECEMBER 3, 2024

The Telecommunication Regulator of Cambodia (TRC) implemented this action due to the platforms’ lack of necessary licensing from the Securities and Exchange Regulator of Cambodia (SERC). This regulatory action occurs amid increasing international scrutiny of Cambodia’s involvement in cybercrime and crypto scams.

Blocks 113

Blocks Money Laundering Scams Regulations 113

The Fintech Times

MARCH 7, 2025

To help organisations ensure they are not losing revenue and improving their efficiency, security and trust, The Centre for Financial, Innovation and Technology (CFIT) has published its blueprint for fighting economic crime through its Digital Company ID.

Compliance 96

Compliance Financial Crimes Crime Government 96

Fintech Finance

JANUARY 13, 2025

The Electronic Money Association (EMA) is thrilled to announce Innovate, Compete, Succeed: The Future of Digital Payments , a landmark conference bringing together global leaders, regulators, and innovators from across the fintech and payments landscape.

Finance 97

Finance Financial Crimes Crime Stablecoins 97

Fintech News

FEBRUARY 21, 2024

The report by Chainalysis provides a deep dive into these changes, highlighting the decline in certain types of crypto crimes and the persistence, if not growth, of others, such as ransomware and darknet markets. In 2023, MAS introduced additional regulations targeting DPT service providers, particularly those catering to retail customers.

Crime 109

Crime Ransomware Scams Romance Scams 109

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.

Financial Crimes 113

Financial Crimes Crime Money Laundering Law Enforcement 113

The Payments Association

SEPTEMBER 10, 2024

The Financial Crime 360 survey reveals how the industry is tackling evolving threats like AI-driven fraud, emphasising the need for collaboration, innovation, and updated regulations to effectively combat financial crime in 2024. Read more

Financial Crimes 88

Financial Crimes Crime AI Regulations 88

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?

White Collar Crime 108

White Collar Crime Crime Suspicious Activity Report (SAR) Financial Crimes 108

The Payments Association

APRIL 7, 2025

The findings reflect professionals’ perspectives across various seniority levels and industry segments, including banking, digital assets, and financial crime prevention, among others. It serves as a valuable resource for stakeholders seeking to navigate the complexities of this dynamic sector. Read More

Financial Crimes 88

Financial Crimes Crime Interoperability Payments 88

Fintech News

MAY 22, 2024

Over the past years, financial crime tech has risen to prominence, driven by increasing complexity and frequency of financial crimes, stricter regulations and compliance requirements, and technological advancements. Today, we delve into these firms’ offerings, recent strides and contributions to the field.

Financial Crimes 104

Financial Crimes Crime APACS Risk Assessment 104

The Payments Association

FEBRUARY 10, 2025

Payment Service Providers must strengthen due diligence, monitoring, and collaboration with regulators to address these risks. Voices from the industry Virtual IBAN regulations are evolving as regulators tighten AML compliance, data protection, and cross-border payment rules. What’s next?

IBAN 88

IBAN AML Master Account Due Diligence 88

Fintech News

FEBRUARY 21, 2024

This development is set against the backdrop of evolving financial crimes, which increasingly involve complex, multi-jurisdictional operations. This ensures that individuals and institutions remain accountable for misconduct, regardless of their current status or affiliation with regulated entities.

Financial Crimes 113

Financial Crimes Crime Authorization Consulting 113

The Payments Association

APRIL 7, 2025

SNEAK PEE K: Unveiled: Key Financial Crime 360 findings July 16, 2024 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The findings of the Financial Crime 360 survey, focusing on the challenges, prevalent fraud types, and strategic responses across various sectors. Why is it important?

Financial Crimes 88

Financial Crimes Crime Fraud Prevention AML 88

Fintech News

FEBRUARY 27, 2024

2023 marked a pivotal year in the Asia-Pacific (APAC) region’s approach to crypto regulation, influenced significantly by the preceding implosion of Sam Bankman-Fried’s FTX exchange and the collapse of of Terra, the algorithmic stablecoin created by Korean entrepreneur Do Kwon. This transition is currently in progress.

APACS 132

APACS Regulations Stablecoins Cryptocurrency 132

Fintech News

JANUARY 26, 2025

The Need for Robust Cybersecurity Measures to Combat Financial Crime Southeast Asia’s digital economy is on track to exceed USD 300 billion in gross merchandise volume by 2025, presenting significant financial crime challenges, reports PwC.

Payments Trends 127

Payments Trends Payment APIs and Integration Embedded Finance Cross-Border 127

The Payments Association

NOVEMBER 25, 2024

The regulatory landscape: FCA and PSR’s roles in de-risking The Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) are pivotal in shaping the UK’s financial ecosystem. This shift increases financial crime risk and erodes the efficacy of the UK’s AML and counter-terrorist financing (CTF) frameworks.

Risk 88

Risk Financial Crimes AML Financial Inclusion 88

The Fintech Times

MARCH 31, 2025

As cross-border transactions grow in Europe, the cloud-based financial crime management technology solutions provider, Nasdaq Verafin has revealed that these payment channels are opening up more passageways for fraud to take place, as $194.9billion was moved across borders in 2023; more than a quarter of the total fraud figure in 2023 ($750billion).

Cross-Border 64

Cross-Border Addressing Financial Crimes Elder Abuse 64

The Fintech Times

SEPTEMBER 23, 2024

Throughout this month, we have explored a plethora of regtech-related topics, including the challenges facing compliance teams , how AI can automate compliance processes and what more (or less) the regulators should be doing. This is why support from regulators is crucial. ” Should firms be sharing insight?

Financial Crimes 59

Financial Crimes Crime Regulations Compliance 59

The Payments Association

JANUARY 29, 2025

2024 brought significant regulatory action, highlighting persistent weaknesses in financial crime controls across the industry. As we enter 2025, we look back at five significant cases from 2024 and the lessons they provide for organisations aiming to strengthen their financial crime frameworks. billion settlement with the U.S.

Financial Crimes 88

Financial Crimes Crime Due Diligence Money Laundering 88

Fintech Finance

MARCH 10, 2025

Becki LaPorte, Strategic Advisor in the Fraud & AML practice at Datos Insights, said: “Today’s payment arena requires real-time AML compliance as evolving regulations demand deeper scrutiny of transactions.

Real Time Payments 98

Real Time Payments Faster Payments Transactions Money Laundering 98

The Payments Association

DECEMBER 18, 2024

As the UK payments industry begins implementing the National Payments Vision (NPV), the role of regulators in fostering innovation is increasingly pivotal. Moore discusses how the PSR is working to enhance user experience, combat financial crime through smarter data sharing, and foster collaboration across the payments ecosystem.

Innovation 88

Innovation Financial Crimes Payments Regulations 88

The Payments Association

MAY 16, 2025

Merchant-facing regulation: What merchants need to know in 2025 15 May 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? Each section includes an overview of the regulation, the legal and operational risks involved, and the practical actions required to support readiness and ongoing compliance.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

Fintech Finance

MAY 13, 2025

Issuer processing powerhouse Enfuce unveils the Fortitude Pledge, a bold new compliance and security standard, that aims to eliminate 100% of financial crime risks across all Enfuce-processed card transactions. Anything less than full commitment means accepting the unacceptable and that’s a compromise the industry cannot afford.

Compliance 59

Compliance Financial Crimes Global Payments Crime 59

Finovate

MARCH 19, 2025

The integration of Sumsub’s compliance solutions will help financial institutions deal with the growing threat of fraud and financial crime. Adding to this challenge is the proliferation of new regulations that are tightening compliance requirements and mandating greater security and operational resilience.

Fraud Prevention 96

Fraud Prevention Fraud Detection Payment APIs and Integration Verification 96

The Payments Association

APRIL 28, 2025

Understanding what the customer wants, keeping up with digital transformation, and compliance with new regulation and policy each account for 11% of responses, indicating that organisations are being pulled equally across customer expectations, technological advancement, and regulatory demands.

Cross-Border Payments 88

Cross-Border Payments Cross-Border Digital Currency Financial Crimes 88

The Fintech Times

FEBRUARY 19, 2025

Feedzai , an AI solution provider in financial crime prevention, is teaming up with payments giant Mastercard , to makeit easier for more banks to identify and stop scams, protecting consumers and businesses globally.

Visa 59

Visa AI Consumer Scams 59

Neopay

APRIL 10, 2025

million penalty on Revolut Bank UAB the largest penalty ever for the neobank for the deficiencies in its financial crime prevention system. How Neopay can help At Neopay, we’re experts at helping regulated businesses build, audit, and enhance their compliance frameworksbefore the regulators come knocking. The fine of 3.5

Central Bank 52

Central Bank Money Laundering AML Financial Crimes 52

Fintech News

JUNE 3, 2024

A 2023 research by Moody’s Analytics revealed a wealth of corporate structures enabling sanctions evasion, money laundering, fraud, and other financial crimes. Suspected proceeds of crime totaling S$1.23 The firm identified over 21 million risk activities across 472 million companies as of November 2023.

Money Laundering 127

Money Laundering Financial Crimes Crime APACS 127

The Payments Association

OCTOBER 28, 2024

This decline may reflect greater public awareness, but payment leaders should continue to support education campaigns aimed at preventing such emotionally manipulative crimes. These collaborations are essential for disrupting organised crime and apprehending fraudsters. Losses from romance scams amounted to £14.5

Scams 88

Scams Push-to-Card Fraud Detection Online and Mobile Banking 88

The Payments Association

JANUARY 3, 2025

Improving regulations, using technology for detection, and fostering industry-wide cooperation. On 19 November 2024, merchants from across sectors gathered in London as part of The Payments Associations Financial Crime 360 (FC360) series to address the ever-evolving challenge of fraud in their operations.

Fraud Detection 88

Fraud Detection Fraud Prevention Participant Financial Crimes 88

Fintech Finance

MARCH 10, 2025

Becki LaPorte, Strategic Advisor in the Fraud & AML practice at Datos Insights, said: “Today’s payment arena requires real-time AML compliance as evolving regulations demand deeper scrutiny of transactions.

Real Time Payments 75

Real Time Payments Faster Payments Transactions Money Laundering 75

Finextra

APRIL 30, 2024

The Knoble, an alliance of financial service professionals, law enforcement, regulators, and NGOs dedicated to fighting Human Crime, is proud to welcome as its newest corporate member Featurespace, the world leader in enterprise Artificial Intelligence native technology that prevents fraud and financial crime.

Crime 59

Crime Law Enforcement Financial Crimes Laws 59

PYMNTS

JULY 5, 2020

The nation’s marijuana regulator has told financial institutions to treat the $500 million hemp businesses the same way they would any other businesses. In updated rules from the Financial Crimes Enforcement Network ( FinCEN ), the U.S.

Treasury 140

Treasury Office of the Comptroller of the Currency Fincen Financial Crimes 140

Finextra

MARCH 13, 2025

Thistle Initiatives, the award-winning financial services compliance company, is launching a Financial Crime Managed Services offering, to help regulated companies navigate the challenges of financial crime compliance and thrive in a complex regulatory landscape.

Financial Crimes 52

Financial Crimes Crime Compliance Regulations 52

Neopay

MAY 27, 2025

The FCA expects regulated firms to conduct annual audits in two key areas: Financial Crime Audit Safeguarding Audit These audits arent just formalities theyre essential for identifying risk, protecting customer funds, and demonstrating that your business is operating in line with regulatory requirements.

Audit 52

Audit Financial Crimes Crime Compliance 52

The Fintech Times

JUNE 21, 2024

Both firms and governments across the globe have a duty to do all they can to intensify the fight against internet crime and looking to do so in Nigeria, Flutterwave , the African paytech, has partnered with Nigeria’s Economic and Financial Crimes Commission (EFCC).

Crime 64

Crime Research Financial Crimes FBI 64

The Payments Association

DECEMBER 9, 2024

Cohn believes regulation will impose stricter requirements for organisations to assess and mitigate the potential for algorithmic bias in AI-powered payment systems. If AI systems are not transparent or auditable, it becomes difficult for regulators to assess whether the systems are operating in a manner that protects consumers privacy.

Privacy 88

Privacy Payment Security AI Security 88