The Payments Association

FEBRUARY 10, 2025

On 6 November 2024, the government released its guidance to organisations on the offence of failure to prevent fraud , introduced as part of the Economic Crime and Corporate Transparency Act 2023 (ECCTA). The only defence is having "reasonable procedures" in place to prevent fraud.

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

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. trillion a year.

Due Diligence 88

Due Diligence Money Laundering AML Financial Crimes 88

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