The Payments Association

FEBRUARY 10, 2025

The Home Office outlines six key principles: tone from the top, due diligence, risk assessment, proportionate procedures, monitoring/review, and communication/training. The issue of fraud is growing in the UK, with the average monetary loss per corporate fraud case being 21,433 in Q2 2023 , the highest among all fraud types.

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 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

Stax

NOVEMBER 27, 2023

Of course, financial criminal activity doesn’t have to just lead to monetary loss—it could also lead to a data breach of customer information. You’d also likely have to undergo enhanced due diligence (EDD), which is used for customers with a higher risk of identity theft, money laundering, or other illegal activities.

Due Diligence 88

Due Diligence Money Laundering AML Financial Crimes 88