FinCEN revelations: regulators must act as “first line of attack”
Banking

FinCEN revelations: regulators must act as “first line of attack”

10m | By Leanna Reeves, Journalist

FinCEN revelations: regulators must act as “first ...

“It's not just banks that are guilty of this. It's professional enablers that are letting them do it,” says Martin Cheek, managing...

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Atradius warns of rise in fraud
Insurance

Atradius warns of rise in fraud

1y | bobsguide

Atradius warns of rise in fraud

Simon Rockett, head of UK risk underwriting at the company, told bobsguide that opportunistic fraudsters have capitalised on how the pandemic has affe...

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IRS solicits contractors to crack down on crypto tax evasion
Trading & brokering

IRS solicits contractors to crack down on crypto tax evasion

1y | By Shannon Moyer, Journalist

IRS solicits contractors to crack down on crypto t...

The IRS is evolving its efforts to crack down on crypto tax non-compliance, recruiting independent contractors obtain cryptocurrency transactions data...

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Complex spoofing techniques avoiding detection
Trading & brokering

Complex spoofing techniques avoiding detection

2y | By Rebekah Tunstead, Reporter

Complex spoofing techniques avoiding detection

Increasingly sophisticated techniques adopted by participants to spoof deep, liquid markets are allowing perpetrators to escape notice, according to D...

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Bipartisan AML bill takes aim at US federal governance
Insurance

Bipartisan AML bill takes aim at US federal governance

2y | By Alex Hamilton, Reporter

Bipartisan AML bill takes aim at US federal govern...

Draft legislation aimed at improving the US’s federal anti-money laundering (AML) and counter terrorism financing (CFT) supervision would be a s...

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Starling head of fraud: In-house tech allows us to react more quickly
Banking

Starling head of fraud: In-house tech allows us to react more quickly

2y | By David Beach, Reporter

Starling head of fraud: In-house tech allows us to...

The in-house technology employed by Starling Bank gives the digital-only challenger great advantage over their incumbent competition when it comes to ...

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Mastercard: Difficulties in providing post-Brexit advice for new entrants
Banking

Mastercard: Difficulties in providing post-Brexit advice for new entrants

2y | By Rebekah Tunstead, Reporter

Mastercard: Difficulties in providing post-Brexit ...

Mastercard is struggling to give smaller firms the advice they need to navigate potential post-Brexit landscapes, said Scott Abrahams, group head of a...

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Report: Machine learning aids visible hand of payments
Insurance

Report: Machine learning aids visible hand of payments

2y | By David Beach, Reporter

Report: Machine learning aids visible hand of paym...

Banks are turning to machine learning and other advanced technological protocols to protect consumers in the escalating fraud arms race, as legacy sys...

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Distress around fraud hits UK payments market
Payments

Distress around fraud hits UK payments market

3y | By David Beach, Reporter

Distress around fraud hits UK payments market

Consumers view fraud as part and parcel of the ecommerce experience, leading to security concerns in the payment industry while simultaneously pressin...

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Innovation forcing CIOs to compromise IT security
Asset management

Innovation forcing CIOs to compromise IT security

3y | By David Beach, Reporter

Innovation forcing CIOs to compromise IT security

Cyber criminals are frequently targeting systemically vital infrastructure in healthcare, government and finance, and are increasingly sponsored by na...

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How banks should monitor suspicious shipping activity
Banking

How banks should monitor suspicious shipping activity

3y | By Byron Mckinney, Product Owner - Commodity Trade Finance

How banks should monitor suspicious shipping activ...

A number of news stories in 2017 detailed the radical methods being employed to evade sanctions controls, for example, through the transfer of commodi...

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More payments traffic, less time to monitor – the PSD2 fraud headache
Banking

More payments traffic, less time to monitor – the PSD2 fraud headache

3y | By Michael Hocking, Writer and Reporter

More payments traffic, less time to monitor – the ...

The biggest shake-up to banking and payments in a decade, PSD2 offers third parties unrivalled opportunity to access user-permissioned financial data....

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Putting the (artificial) intelligence back into banking
Banking

Putting the (artificial) intelligence back into banking

3y | By Jayakumar Venkataraman, Partner, Financial Services Practice

Putting the (artificial) intelligence back into ba...

Financial services and technology vendors make for uneasy bedfellows. While tech has formed banking’s bedrock since the Big Bang deregulation of...

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FinCEN Final Rule: Four data management challenges
Asset management

FinCEN Final Rule: Four data management challenges

3y | By Laura Glynn, Global Regulatory Affairs Manager

FinCEN Final Rule: Four data management challenges

The Final Rule brings with it a raft of regulatory compliance challenges for financial institutions. While its intention is to promote “uniformi...

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Protecting from Ponzi: Tips for detecting shady schemes
Banking

Protecting from Ponzi: Tips for detecting shady schemes

4y | By Andrew Simpson, Chief Operating Officer

Protecting from Ponzi: Tips for detecting shady sc...

Since money has existed, there have been people devising ways to defraud others. A Ponzi scheme is one of the oldest forms of fraud, and continues to ...

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Protecting from Ponzi: Tips for detecting shady schemes
Banking

Protecting from Ponzi: Tips for detecting shady schemes

4y | By Andrew Simpson, Chief Operating Officer

Protecting from Ponzi: Tips for detecting shady sc...

Since money has existed, there have been people devising ways to defraud others. A Ponzi scheme is one of the oldest forms of fraud, and continues to ...

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Editor's picks: Developments in AML
Payments

Editor's picks: Developments in AML

4y | By Alex Hammond, Managing Editor (2017-2018)

Editor's picks: Developments in AML

1. How “de-risking” is changing the face of AML compliance programs Andrew Simpson, Chief Operating Officer, CaseWare Analytics The last d...

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How to use graph technology to detect money laundering
Banking

How to use graph technology to detect money laundering

4y | By Emil Eifrem, Founder and CEO

How to use graph technology to detect money launde...

Neo Technology’s Emil Eifrem looks at how graph technology can help governments, companies and professional fraud investigators piece together e...

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