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Singapore’s Risk Assessment Highlights New Terrorism Financing Concerns

Fintech News

Singapore has released its updated Terrorism Financing National Risk Assessment (TF NRA) and National Strategy for Countering the Financing of Terrorism (CFT) to address terrorism threats. The country also collaborates with the private sector and academic institutions to enhance its understanding of these risks.

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The platform risk paradox: Managing digital commerce fraud at scale

The Payments Association

The platform risk paradox: Managing digital commerce fraud at scale 12 June 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? How digital commerce platforms manage escalating fraud risks while scaling operations. Why is it important? Consumer fraud losses reached $12.5

Risk 88
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How Can Fintechs Ensure Traditional Financial Service Providers Place More Emphasis on Inclusivity?

The Fintech Times

Unlike traditional banks and financial service providers, which are often constrained by legacy systems and processes, fintechs are often more flexible – enabling them to quickly build solutions that better support underserved communities. appeared first on The Fintech Times.

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Understanding the Dora Compliance: A Comprehensive Guide

VISTA InfoSec

As financial institutions increasingly rely on digital infrastructure to enhance operations, customer experience, and security, they also face growing challenges in mitigating the risks that come with it, such as cyber threats, system failures, and other operational vulnerabilities.

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Can Crypto Firms Catch Up on Compliance Gaps as Regulations Evolve?

Fintech News

As a result, many have passed legislation to implement the Travel Rule for virtual asset service providers (VASPs). Four Years In, The Compliance Gap in the Travel Rule Still Exists In 2021, the FATF updated its risk-based guidance for virtual assets and VASPs, reinforcing the Travel Rule.

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Navigating AML obligations in the age of virtual IBANs

The Payments Association

While vIBANs offer innovation in payment systems, they introduce risks like money laundering due to insufficient oversight. Payment Service Providers must strengthen due diligence, monitoring, and collaboration with regulators to address these risks. Why is it important? What’s next?

IBAN 88
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Banks, Payment Providers at High Risk for Environmental Crimes Money Laundering

Fintech News

Singapore has released an Environmental Crimes Money Laundering National Risk Assessment (NRA), highlighting the primary threats and vulnerabilities associated with it. The NRA concludes that, given the existing controls, the risk of criminals using Singapore for environmental crimes money laundering is medium-low.