Remove Financial Crimes Remove Fraud Prevention Remove Suspicious Activity Report (SAR)
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Evolving money laundering risks for EMIs: Insights from the upcoming NRA

The Payments Association

Many smaller PSPs, unencumbered by legacy systems and legacy data providers, are leading the way in fraud prevention by using the most innovative methods to drive down the costs and efficiency of onboarding. Between 2020 and 2024, the FCA recorded a 231% rise in MLR-related supervisory activity for EMIs and PSPs.

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Money mules create a real-time AML problem: Here’s how to address it

The Payments Association

To address the money mule problem, organisations must combine elements of fraud prevention, cyber threat intelligence, and anti-money laundering capabilities. It takes AML teams weeks (if not months) of diligent analysis to escalate these activities to law enforcement. Is AML a real-time problem?

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Behavioral Analytics Attack Fraud, Cyber and Financial Crime

FICO

FICO introduced behavioral analytics in the early 1990s and we currently analyze two-thirds of the world’s payment card transactions , in real time, for fraud. Now, FICO’s proven behavioral analytics can be applied by forward-thinking institutions to fight a wide range of financial crimes.

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Compliance, Gaming and Gambling in Australia vs USA

Segpay

Fraud Prevention & Transaction Monitoring Australia: Real-time monitoring is required, with suspicious matter reports (SMRs) submitted to AUSTRAC. USA: Stricter transaction monitoring, requiring Suspicious Activity Reports (SARs) to FinCEN and geographical targeting orders (GTOs) for high-risk areas.

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Payment Screening: What Is It, How It Works and Its Importance

Seon

If a customer sending or receiving a payment does hit a sanctions list, regulated entities are required to file a Suspicious Activity Report (SAR) with the relevant authorities. Together, payment screening and transaction monitoring form a multi-layered approach to AML compliance and fraud prevention.

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How AML Case Management Drives Efficiency in Financial Investigations

Seon

If it’s determined a SAR needs to be filed, all the information needed can be found within case details, populated and filed directly with the regulatory authorities. Advance Your Fraud Prevention Fraud prevention and AML solutions must remain agile, adapting to the increasing signals of our digital-first world.

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AI’s impact on payments: NVIDIA’s vision for fraud prevention and customer engagement

The Payments Association

Initially, focused on areas where machine learning and traditional AI played a key role, like fraud prevention and know your customer (KYC) and anti-money laundering (AML) compliance. AI, for example, streamlines suspicious activity reports (SARs). From banks to digital wallets, AI adoption is expanding.