More from Banking, Financial Services & Insurance – Page 32
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AnalysisThe FinCEN Files and $2trillion in suspicious payments: what you need to know at-a-glance
The FinCEN files have hit the headlines this week but what are they exactly?
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NewsUS bank State Street hit with $1.24m AML fine in Australia
US banking giant State Street has been fined $1.24million in Australia for failing to report international fund transfers on multiple occasions.
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BlogThe AML “travel rule”: a new challenge for VASPs and GDPR
A new rule aimed at tackling money laundering through virtual assets is concerning problems, not least with data protection legislation, argues Teggy Altankhuyag
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NewsFinCEN proposes change to US banking AML requirements
The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has proposed changes to anti money laundering (AML) requirements to make risk-assessments an explicit obligation for financial institutions.
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NewsFATF publishes ‘red flag’ money laundering indicators for cryptocurrencies
The Financial Action Task Force (FATF) has outlined “red flag indicators” to help financial institutions detect money laundering and terrorism financing linked to virtual assets.
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ArticleWelcome to FinCrime Report – we want to hear from you
Today we launch the new FinCrime Report website, brought to you by award-winning events and publications business GRC World Forums.
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ArticleFinCrime World Forum day-long digital event to feature key figures and crucial insight
The FinCrime World Forum live streaming event is now open for registrants and sponsorship queries.
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AnalysisThe IIoT and the future cyber threat landscape
You can’t help but wonder whether Robert Hannigan can easily get to sleep at night, given the report into cyber-security threats he has just co-authored.
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NewsDeutsche Bank agrees to pay $583k to settle sanctions violation case
The United States Treasury Department has announced that Deutsche Bank will pay $583,100 in settlements for “apparent violations of Ukraine-related sanctions regulations.”
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AnalysisThe money laundering and fraud threats on the rise due to Covid-19
Remote working, the lockdown, government relief packages, restrictions of travel and greater digital use of financial services…The COVID-19 pandemic has led to drastic changes in the way we all live and work in a short space of time.
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NewsPakistan signs AML deal with UAE as it seeks to avoid FATF blacklist
Pakistan has signed an agreement with the United Arab Emirates to combat money laundering and terror financing as it seeks to avoid being blacklisted by the Financial Action Task Force (FATF).
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AnalysisThe Fincrime Report Glossary: an A-Z of terminology
Your guide to the sometimes bewildering jargon in the world of financial crime.
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BlogLocating mule accounts and identifying fraudsters with behavioural biometrics
Behavioural biometrics can not only help identify fraud, it can cut it off at its root, argues Tim Ayling
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AnalysisCompliance calendar
Your guide to the upcoming regulatory events across the world, including details of forthcoming mutual evaluation reports for individual countries
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FeatureStablecoins ecosystem: a promise that can be kept
The European Parliament, on 13 September 2019, issued a note wherein it observed that the introduction of a privately governed currency (here, Libra) could fundamentally challenge the current EU financial framework, conflict with EU law and tax requirements, and violate consumer rights.
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ArticleOne in five Europeans have experienced identity theft fraud in the past two years
New research has found over half of Europeans have experienced at least one type of fraud in the last two years.
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FeatureBattling the rise of the deepfakes
Deepfake videos are becoming commonplace. So much so that you may have come across one without realising. Today, over 15,000 deepfakes are reportedly lurking online.
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ArticleHackers can bypass Visa card’s contactless limit
Security researchers at Positive Technologies have discovered flaws that could bypass the payment limits on Visa contactless cards.
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NewsTesco hit with £16.4m fine following cyber fraud
The Financial Conduct Authority (FCA) has hit Tesco Bank with a fine of £16.4m fine following the popular bank’s failure to deal with a cyber-attack that occurred in November 2016.
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FeatureReturn fraud and fake receipts up for sale on the deep & dark web
As online sales in the UK rose by 3.6% in 2017, there is an ongoing need for online retailers to enhance their customer experience and in turn sustain rapid growth.
