The Payments Association

NOVEMBER 12, 2024

In response, regulatory bodies like the Financial Conduct Authority are tightening anti-money laundering (AML) and counter-terrorism financing (CTF) measures, levying steep penalties for non-compliance. Nasdaq’s 2024 Global Financial Crime Report highlights the urgency, estimating that $3.1 billion in losses in 2023 alone.

Financial Crimes 88

Financial Crimes Crime Fraud Prevention Compliance 88

Segpay

OCTOBER 18, 2023

Money Laundering: The payments processed through the legitimate merchant’s system are used to launder money generated from illegal activities. Criminals try to launder their criminal money through the merchant’s accounts.

Transactions 52

Transactions Due Diligence Money Laundering Legal 52

The Fintech Times

DECEMBER 11, 2023

. “Identity providers will also continue to be targeted, with modern defensive postures being able to bypass controls like multi-factor authentication while threat actors will continue to target third-party vendors to scale their attacks. In fact, our claims data has shown a significant increase in this activity.

Cybersecurity 107

Cybersecurity Ransomware Authentication AI 107

The Payments Association

APRIL 14, 2025

These assets will be subject to standards akin to those applied to traditional payment service providers, covering areas such as capital requirements, governance, operational resilience, and anti-money laundering (AML) compliance. For firms operating in or entering the crypto space, this signals a decisive regulatory pivot.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88