Fintech Finance

FEBRUARY 5, 2025

Cihat served as Vice President of Global Ecosystem Security & Integrity at Visa, where he spearheaded global risk compliance frameworks, enhanced fraud control initiatives, and collaborated with federal and international law enforcement on high-profile investigations.

Risk 59

Risk Law Enforcement Regulatory Compliance Compliance 59

Finextra

JUNE 23, 2025

The technical promise of these new rails will need to be met with robust risk management. The GENIUS Act’s drafters were well aware of this: notably, the law requires that issuers have the ability to freeze or “burn” (invalidate) tokens if necessary – a tool to stop hackers or sanctioned actors from exploiting the system.

Embedded Finance 52

Embedded Finance Stablecoins Finance Payment APIs and Integration 52

Stax

JANUARY 8, 2024

As such, PayFacs need to equip themselves with an effective risk management strategy that helps them continuously monitor risks and employ appropriate risk responses if needed. TL;DR Four main types of risks come with payment facilitation: compliance risks, operational risks, transactional risks, and reputational risks.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

VISTA InfoSec

JUNE 21, 2023

The Federal Trade Commission (FTC) recommends that companies notify law enforcement as soon as possible by contacting local FBI or U.S. In the UK, the General Data Protection Regulation (GDPR) states that incidents that pose a risk must be reported within 72 hours of identification. Secret Service offices. 5 - (2 votes)

Data Breach 130

Data Breach Breach Law Enforcement Cybersecurity 130

Fintech News

JUNE 3, 2024

The firm identified over 21 million risk activities across 472 million companies as of November 2023. In February, one of India’s law enforcement agencies uncovered a money laundering operation involving fake invoices issued by purported shell companies in Singapore for software and other services.

Money Laundering 127

Money Laundering Financial Crimes Crime APACS 127

VISTA InfoSec

SEPTEMBER 30, 2024

government bodies, health organizations, educational institutions, and law enforcement agencies) – An organization systematically monitors individuals on a large scale, especially online behaviour. Key Responsibilities of a Data Protection Officer 1.Monitoring

CCPA 130

CCPA Privacy Laws Data Breach 130

VISTA InfoSec

OCTOBER 21, 2024

government bodies, health organizations, educational institutions, and law enforcement agencies) – An organization systematically monitors individuals on a large scale, especially online behaviour. Key Responsibilities of a Data Protection Officer 1.Monitoring

CCPA 130

CCPA Privacy Laws Data Breach 130

PYMNTS

DECEMBER 1, 2020

Customs and Border Protection Commissioner Alan Bersin, and other “eminent leaders in supply chain risk management, law enforcement, and logistics” are among the founding advisory board, according to the announcement. Altana AI was started by leaders in the supply chain data science area.

AI 64

AI Law Enforcement Cross-Border Risk 64

PYMNTS

DECEMBER 29, 2020

Detecting potentially suspicious activity more quickly through the use of data also provides more meaningful and actionable information to law enforcement agencies that are facing rapidly evolving threats with limited resources. “So “Accurate and reliable data is a critical piece of modernizing the AML regimen,” he said.

AML 108

AML Money Laundering Compliance Law Enforcement 108

Fi911

JULY 8, 2024

By providing risk management services and tools, regulators can help prevent fraud from damaging the eCommerce industry’s reputation and growth. Collaboration between merchants, payment processors, issuers, and law enforcement agencies is crucial to staying ahead of ever-evolving fraud tactics.

Account Takeovers 105

Account Takeovers Fraud Detection Phishing Fraud Prevention 105

The Payments Association

APRIL 7, 2025

In addition to keeping abreast of regulatory developments, firms will need to juggle proactive horizon scanning for new trends and risk typologies while exploring and embracing cutting-edge technologies like GenAI to bolster their risk management frameworks.

Financial Crimes 88

Financial Crimes Crime Fraud Prevention AML 88

Neopay

JUNE 13, 2024

The financial services sector remains proactive in protecting customers from fraud, partnering with other sectors, government bodies, and law enforcement to disrupt criminal activities. Ben Donaldson, Managing Director of Economic Crime at UK Finance, highlighted that nearly £1.2

Law Enforcement 52

Law Enforcement Scams Fraud Prevention Crime 52

Fintech News

FEBRUARY 21, 2024

The introduction of more sophisticated fraud detection technologies and a growing awareness among investors about the risks of scamming tactics contributed to this downward trend. These tools have enabled law enforcement agencies to trace the flow of funds, unmasking the networks behind criminal operations.

Crime 109

Crime Ransomware Scams Romance Scams 109

The Fintech Times

NOVEMBER 26, 2024

Recent hires Recent compliance hires include: Todd McElduff – enterprise compliance director The enterprise compliance team at Binance is responsible for working with law enforcement to service requests and conduct special investigations, educating and training crime fighters.

Compliance 64

Compliance Financial Crimes Crime Money Laundering 64

PYMNTS

MAY 11, 2018

Can risk sandboxes become a proving ground for a firm’s competitive edge? To serve and protect (to borrow a phrase from law enforcement) is easier said than done. Some companies view risk management and compliance as roadblocks to innovation.

Compliance 50

Compliance Risk Innovation Risk Management 50

PYMNTS

MAY 4, 2020

CUs must therefore invest in capabilities that can identify and report phishing attacks, monitor abnormal system and network activity, review incident response and containment procedures and contact law enforcement agencies for support. How Data Analytics Can Help Credit Unions Solve Fraud Issues.

Phishing 56

Phishing Credit Union Breach Data Breach 56

Accertify

JUNE 28, 2024

The MRC is a global non-profit membership association that brings together eCommerce payments and fraud prevention professionals from merchants, solution providers, and law enforcement agencies to share strategies for making the eCommerce ecosystem safer and more profitable. For more information visit MRC.

Fraud Prevention 45

Fraud Prevention Risk Law Enforcement Payment Gateways 45

Electronic Transactions Association

MAY 10, 2022

Ryan, President & CEO, CSBS To advance MSB compliance standards, MSB industry members received feedback from regulators, law enforcement agencies, banks, and policymakers to create a set of guidelines representing the MSB industry’s views on prudent approaches to MSB AML/CFT compliance. 2] Read the Best Practices for U.S.

Best Practices 40

Best Practices Money Laundering Law Enforcement AML 40

The Payments Association

JANUARY 29, 2025

Inadequate risk management and due diligence : Institutions faced challenges in ensuring effective customer risk profiling and due diligence, particularly for high-risk clients and correspondent banking relationships.

Financial Crimes 88

Financial Crimes Crime Due Diligence Money Laundering 88

Seon

JUNE 29, 2023

Benefits of KYT Aside from the obvious benefits of AML compliance and risk management, KYT helps organizations to be data-driven, profitable, secure, and equipped to support financial audits – and even law enforcement. It can assist law enforcement investigations.

Transactions 52

Transactions Due Diligence Money Laundering AML 52

Segpay

OCTOBER 18, 2023

Increased Scrutiny: Increased Scrutiny: After being implicated in transaction laundering, merchants may face increased scrutiny from financial institutions, regulators, and law enforcement agencies. Merchants must invest in training, costly high-tech solutions, and expensive experts.

Transactions 52

Transactions Due Diligence Money Laundering Legal 52

Segpay

MAY 1, 2024

Some of DORA’s main pillars are: Operational Risk Management: DORA requires PSPs to implement robust operational risk management practices to identify, assess, mitigate, and monitor operational risks effectively.

Cybersecurity 52

Cybersecurity Compliance Procedures Risk Management 52

Core

FEBRUARY 6, 2024

Government Accountability Office’s Fraud Risk Management Framework , a framework rooted in leading practices for both prevention and response is crucial to successfully manage fraud risk mitigation for government programs. According to the U.S.

Best Practices 52

Best Practices Governance Government Fraud Prevention 52

CB Insights

NOVEMBER 2, 2017

It’s been nearly a decade since the financial crisis exposed how a weak risk management framework and lack of governance can almost permanently debilitate even one of the strongest capital markets. The startup flags illicit activity on the Bitcoin blockchain and is leveraged by Bitcoin companies and law enforcement agencies.

Compliance 72

Compliance Regulations Audit Office of the Comptroller of the Currency 72

Stax

DECEMBER 4, 2023

With AML legislation, financial institutions are required to follow strict protocols for money laundering risk management. To make your risk assessment and categorization effective, you must conduct exhaustive AML screening. Non-compliance can have major implications.

Money Laundering 88

Money Laundering Compliance AML BSA 88

FICO

DECEMBER 23, 2020

In a post-COVID world there will be a renewed focus on operational resilience, as well as a return to the core areas of focus, such as: Enterprise risk management — including proper oversight of significant third-party relationships and partnerships.

Financial Crimes 52

Financial Crimes Ransomware Crime AI 52

PYMNTS

APRIL 11, 2018

There seems to be some debate as to what the final laws might be and what the House may seek to do in terms of adding its own stamp to what the Senate has done. In South Korea , executives at the helm of two crypto exchanges were detained by law enforcement amid allegations they embezzled assets from customers. Internationally.

Consumer Financial Protection Bureau (CFPB) 43

Consumer Financial Protection Bureau (CFPB) CFPB Law Enforcement Regulations 43

FICO

JUNE 15, 2023

They use sketchy providers who don’t normally work with law enforcement and then phish, smish, email, and robocall the heck out of people. In an investment scam, the scammers pose as a legitimate entity offering something lucrative or luxurious with fake websites that seem convincing. TJ holds a B.S. in computer science and a M.S.

Scams 52

Scams Real Time Payments Smishing Same Day ACH 52

PYMNTS

JULY 3, 2017

According to Europol, the European Union’s law enforcement agency, the airline industry loses nearly a billion pounds ($1.3 Agents can no longer get away with not offering a wide range of payment methods, around-the-clock support and best-in-class fraud and risk management. The Rise of CNP Fraud.

Payments 44

Payments Cross-Border Debit Card Law Enforcement 44

Seon

JULY 19, 2023

Protect Your Business from Fraud Improve your risk management with SEON’s real-time data enrichment tools, behavioral checks, and deep device fingerprinting analysis. The applications of SOCMINT range from general market analysis to law enforcement. Ask an Expert Can You Track Anonymous Emails with Reverse Email Lookups?

Addressing 52

Addressing Database Law Enforcement Data Breach 52

FICO

JANUARY 19, 2022

Darryl Knopp wrote: For banks with their own BNPL offering, a multi-layered approach to risk management and fraud protection is critical. Read the full post: NFTs and Money Laundering - Are Fraudsters Becoming Artists? BNPL Fraud — When "Buy Now, Pay Later" Backfires.

Financial Crimes 52

Financial Crimes Crime Money Laundering NFTs 52

Fintech News

MARCH 3, 2025

Singapore recently passed the Protection from Scams Act , granting law enforcement the power to freeze bank accounts if they reasonably believe an individual is at risk of being scammed. They are empowering law enforcement to intervene way before the transaction can occur, rather than simply recovering lost funds.

Scams 77

Scams Laws Law Enforcement Authorization 77