Finovate

JUNE 4, 2024

AMLYZE , a regtech specializing in combating financial crime that made its Finovate debut at FinovateEurope earlier this year , has forged a strategic partnership with Aura Cloud. ” Govina added, “Together, we will empower financial institutions to stay ahead of the curve in the fight against financial crime.”

Financial Crimes 64

Financial Crimes Crime Risk Assessment AML 64

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. Blockchain analysis firm Chainalysis estimates that money laundering activity involving cryptocurrency totaled US$22.2

Money Laundering 127

Money Laundering Financial Crimes Crime APACS 127

PYMNTS

JUNE 25, 2020

In today’s top news, Wirecard files for insolvency, and New York proposes easing regulations for cryptocurrency licenses. New York To Ease Cryptocurrency Regulations. The New York State Department of Financial Services (DFS) has proposed a conditional licensing framework that promises to make it easier for cryptocurrency startups.

Cryptocurrency 99

Cryptocurrency Regulations Push-to-Card Visa 99

Finovate

AUGUST 26, 2024

As summer draws to a close, there may be a big acquisition on the horizon in the fraud and financial crime prevention space. Fraud and financial crime prevention Is Visa looking to acquire fraud fighting platform Featurespace ? Cryptocurrency / DeFi Digital asset infrastructure provider Bitpanda partners with CoinMENA.

FinTech 115

FinTech Financial Crimes Crime Payroll 115

PYMNTS

DECEMBER 10, 2020

Cryptocurrency is one of the fastest-moving industries in the digital world, with a market that was valued at $1.03 Bitcoin is one of the most famous names in the cryptocurrency space, accounting for $6 billion in daily transactions among 153 million registered user addresses. Cryptocurrency-related crimes totaled $4.3

AML 88

AML Cryptocurrency Money Laundering Compliance 88

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. EMEA’s overall financial crime compliance costs are nearly 39.8%

Financial Crimes 52

Financial Crimes Crime Compliance Money Laundering 52

Fintech Finance

OCTOBER 30, 2024

Our Distinguished Speakers line-up: Abbas Khamisa, Head of Treasury Solutions, Global Banking at MUFG Investor Services Alessandra D’Este, Senior Payments Expert, EMEA at Swift Amrit Toor, Solutions Architect at Cloudflare Andrea Moundi Savvides, Global Director of Risk and Compliance (Harneys) and Chair and Founding Member of the Cyprus Compliance (..)

Compliance 98

Compliance AML Money Laundering Payments 98

PYMNTS

SEPTEMBER 29, 2020

Jumio said it plans to integrate Beam’s AML screening and transaction monitoring services into its KYX platform to help flag financial crime and streamline regulatory compliance. The financial terms of Jumio ’s acquisition of Beam’s AML platform were not disclosed. The announcement comes on the heels of Jumio’s Sept.

Financial Crimes 61

Financial Crimes AML Crime Money Laundering 61

FICO

DECEMBER 23, 2020

In the wake of such radical changes, as we look to the year ahead, the challenge for global banks and financial institutions at large has never been greater. Here is how we predict banks will endeavor to enhance their financial crimes controls in 2021: 1. Machine Learning Will Play a Great Role in Fighting Money Laundering.

Financial Crimes 52

Financial Crimes Ransomware Crime AI 52

Fintech Finance

JUNE 20, 2024

Flutterwave , Africa’s leading payments technology company, has committed to partnering with Nigeria’s Economic and Financial Crimes Commission (EFCC) to establish and lead a state-of-the-art Cybercrime Research Center.

Financial Crimes 97

Financial Crimes Crime FBI Law Enforcement 97

The Payments Association

APRIL 28, 2025

Financial crime and cyber security threats are identified by 9% of respondents, underlining the importance of maintaining robust defences as digital payments expand. Financial crime and cyber security threats have gained prominence particularly in Algeria (100%), the US (23%) and Czech Republic (40%).

Cross-Border Payments 88

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

PYMNTS

AUGUST 14, 2019

The second was the rise of cryptocurrency (though during his remarks he tended to refer to it as Convertible Virtual Currency or CVC). That lack of robustness in response, he noted, is particularly worrisome, given the nature to which detecting and preventing modern financial crime is increasingly a data driven team effort.

Fincen 65

Fincen Financial Crimes Crime Suspicious Activity Report (SAR) 65

FICO

JUNE 23, 2022

The Role of Data in Managing Fraud and Financial Crime Today. In case you missed it, FICO World 2022 was a very welcome return to in-person learning and networking for the global fraud detection and financial crime-fighting community. We agreed that the rise of cryptocurrencies is accelerating integration. “If

Financial Crimes 52

Financial Crimes Crime AML Fraud Detection 52

FICO

DECEMBER 17, 2020

Cryptocurrency exchange rates have skyrocketed in the past month. According to a recent report , the total of cryptocurrency related frauds and thefts stands at a staggering $7.69b. At the same time, all top US banks now have customers transacting in cryptocurrency through virtual asset service providers (VASP’s).

Cryptocurrency 52

Cryptocurrency Risk Financial Crimes Crime 52

Fintech News

DECEMBER 13, 2023

In recent years, the world has witnessed a rapid rise in the popularity and adoption of cryptocurrencies. As this digital revolution continues to reshape the financial landscape, it is crucial to examine the future of the monetary system and address the challenges the crypto industry faces.

Financial Crimes 120

Financial Crimes Money Laundering Crime Risk 120

Payments Source

MAY 3, 2018

A new strain of malware that targets cryptocurrency users — but not users of mainstream payment options like bank accounts — highlights how much the cybercrime game is changing behind the scenes.

Cryptocurrency 71

Cryptocurrency Accounts Payments Financial Crimes 71

FICO

AUGUST 12, 2021

They provide added services to customers ranging from personal budgeting and spending alerts to personal funds transfers and cryptocurrency wallets. Open Banking includes new, known AML/CTF threats like money laundering conducted through cryptocurrency exchanges. What is Open Banking? Increased exposure to crypto threats.

Financial Crimes 52

Financial Crimes Compliance Crime Risk 52

Fintech News

MAY 12, 2024

The Financial Intelligence Unit (FIU) of India has granted approval to the cryptocurrency exchanges Binance and Kucoin to operate as Virtual Asset Service Providers (VASPs) in the country, according to the Economic Times. Vivek Aggarwal Vivek Aggarwal, Director of FIU-IND, confirmed the approvals during a press interaction.

Money Laundering 113

Money Laundering Best Practices Financial Crimes Cryptocurrency 113

PYMNTS

OCTOBER 2, 2018

The manipulation of cryptocurrencies is getting attention from regulators who have been warning that these digital tokens, and the exchanges they are traded on, could be vulnerable to price manipulation. The Wall Street Journal , citing the New York Attorney General Barbara D.

Bots 72

Bots Cryptocurrency Digital Currency Scams 72

PYMNTS

AUGUST 3, 2020

The Financial Crimes Enforcement Network (FinCEN) issued a press release warning financial institutions (FIs) and consumers about pandemic-related scams, including some connected to cryptocurrency. That could include talking about ways to make money through digital currency schemes like cryptocurrency.

Fincen 88

Fincen Scams Email Compromise Consumer 88

PYMNTS

SEPTEMBER 23, 2020

Financial crime is a pervasive threat to banks, credit unions, FinTechs and other financial institutions (FIs) the world over. Developments Around The Financial Crimes Space. For more on these and other financial crime news items, download this month’s Playbook. British banks spend upward of £6.7

Identity Theft 83

Identity Theft Financial Crimes Technology Crime 83

PYMNTS

JANUARY 18, 2018

Treasury’s financial crime unit is picking up enforcement of cryptocurrency platforms that don’t have strong internal mechanisms in place to prevent money laundering, according to a report in Reuters. The cryptocurrency platforms in the U.S. isn’t the only country looking to crack down on the cryptocurrency market.

Money Laundering 47

Money Laundering Treasury Cryptocurrency Financial Crimes 47

PYMNTS

MAY 19, 2020

Robert Werner brings regulatory, financial crime compliance and enforcement experience from his work in the public and private sectors, Libra said. He also headed financial crime compliance for Merrill Lynch. Previously, Werner worked at the U.S. I look forward to meaningfully contributing to such an impactful project.”.

Treasury 90

Treasury Financial Crimes Crime Fincen 90

Finovate

SEPTEMBER 23, 2024

Open banking PNC Financial Services and Plaid sign data sharing agreement. Cryptocurrency CheckSig offers Italy’s first crypto staking service that integrates tax management. Fraud prevention Financial crime risk management solutions provider Hummingbird acquires no-code integration and automation specialist LogicLoop.

FinTech 98

FinTech Credit Union Fraud Prevention Financial Crimes 98

PYMNTS

SEPTEMBER 29, 2020

Blanco , director of the Financial Crimes Enforcement Network ( FinCEN ), said banks need to be wary of risks with cryptocurrency, according to remarks planned to be given at the ACAMS AML (anti-money laundering) virtual conference on Tuesday (Sept.

Fincen 103

Fincen AML Money Laundering Scams 103

PYMNTS

NOVEMBER 4, 2020

The seizure stemmed from a cryptocurrency fraud scheme being investigated by Brazilian federal police called Operation Egypto. Cryptocurrency has become something of a go-to method for scammers , according to DOJ, as exchanges are often lightly regulated and there are no easy ways to follow the money.

Fincen 93

Fincen Crime Cryptocurrency Money Laundering 93

PYMNTS

OCTOBER 7, 2020

With transactions that become irreversible almost instantaneously, bitcoin and other cryptocurrencies are winning new converts — among scammers eager to avoid credit card chargebacks that can eat into their ill-gotten gains. So, use your credit card to buy cryptocurrency that you give a scammer and you might be stuck.

Bitcoin 93

Bitcoin Consumer Cryptocurrency Scams 93

Fintech News

JULY 17, 2024

The rapid ascent of cryptocurrency has ushered in a new era of financial innovation, but it has also created novel challenges in combating financial crime. These services blend the cryptocurrencies of many users together, making it difficult to trace the origin of funds. billion of value received in April alone.

Money Laundering 109

Money Laundering Law Enforcement AML Non-Bank 109

Fintech Finance

DECEMBER 9, 2024

AGENDA HIGHLIGHTS: The Next Generation of Payments Enhancing Convenient and Secure Access to Financial Services The Next Digital Revolution Global Mobile Wallets and Super-apps Blockchain and Cryptocurrency Adoption Cross-Border Payment Innovations The Future of Financial Crime Levels of Connection – 2.0

Office of the Comptroller of the Currency 95

Office of the Comptroller of the Currency Financial Crimes BSA Cross-Border Payments 95

Fintech Review

OCTOBER 1, 2024

A new focus on digital identity verification As the financial landscape continues to evolve, the importance of Anti-Money Laundering ( AML ) and Know Your Customer (KYC) processes has never been more pronounced. These protocols are integral to combating financial crime and ensure regulatory compliance.

AML 98

AML Verification Research Consumer 98

The Fintech Times

NOVEMBER 26, 2024

With over 240 million customers across the globe, global blockchain ecosystem and cryptocurrency exchange, Binance is seeking top compliance and investigation talent to ensure it can keep pace with the industry and company’s rapid maturation and growth. “We Morgan where she led the financial crime-related reviews for APAC regions.

Compliance 64

Compliance Financial Crimes Crime Money Laundering 64

PYMNTS

OCTOBER 21, 2018

The Financial Action Task Force (FATF) announced that it will get one step closer to creating international standards for cryptocurrency when it launches its first set of rules in June of 2019. Last year, the U.K. And earlier this year it was revealed that the U.S.

AML 79

AML Money Laundering Bitcoin Regulations 79

The Payments Association

OCTOBER 28, 2024

Investment scams , while accounting for fewer cases, lead to the largest financial losses among APP scams, totalling £56.4 Criminals lure victims with promises of high returns, often using fake investment opportunities in areas like cryptocurrency, property, or gold. million in the first half of 2024.

Scams 88

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

PYMNTS

JANUARY 11, 2021

The FinTech startup has already created several financial services products, including cryptocurrency and stock trading, savings wallets, junior accounts and rewards. Storonsky said Revolut wants to develop “many more innovative products” that will advance “innovation and competition” across the financial services sector.

Financial Crimes 86

Financial Crimes Deposit Account Cryptocurrency Advisors 86

PYMNTS

JULY 31, 2019

The Financial Conduct Authority (FCA) has issued updated guidance on the U.K.’s s cryptocurrency market. Prices are extremely volatile, and as we have seen globally, financial crime in crypto asset markets can lead to sudden and unexpected losses.

Stablecoins 75

Stablecoins Regulations Financial Crimes Crime 75

PYMNTS

OCTOBER 13, 2020

And, while terrorist use of cryptocurrency is still evolving, certain terrorist groups have solicited cryptocurrency donations running into the millions of dollars via online social media campaigns.”. billion of cryptocurrency reportedly was lost to theft or fraud – double that of the previous year.

AML 82

AML Fincen Cryptocurrency BSA 82

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