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AML, compliance, Cyber Crime, Cyber Security, Daily news, financial crime, Fraud, Fraud & Security, Identity, Regulation, Risk & Compliance -

UK financial services organisations are collectively spending £34.2 billion each year on financial crime compliance (FCC), according to the latest True Cost of Compliance report from LexisNexis Risk Solutions. This... read more

The post UK financial services sector spending £22k per hour fighting fraud appeared first on Payments Cards & Mobile.

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AML, Cyber Crime, Cyber Security, Daily news, EuReCA, Fraud & Security, Identity, money laundering, Regulation, Risk & Compliance, terrorist financing -

The European Banking Authority (EBA) has launched its central database for anti-money laundering and counter-terrorist financing (AML/CFT). This European reporting System for material CFT/AML weaknesses, EuReCA, will be central to... read more

The post EBA launch EuReCA -a central database for AML and counter-terrorism financing appeared first on Payments Cards & Mobile.

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AML, anti-money-laundering, Cyber Crime, Daily news, E-Money, electronic money institutions, EMI, Fraud & Security, Issuing & Acquiring, Processing & Systems, Regulation, Risk & Compliance -

Anti Money Laundering (AML) red flags have been indicated at more than a third of UK-licensed electronic money institutions (EMIs), according to Transparency International UK. Transparency International UK warned in... read more

The post AML warnings raised at a third of UK EMIs as ‘major gateway’ for illicit funds appeared first on Payments Cards & Mobile.

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AML, BASIS ID, Biometrics, Cyber Crime, Cyber Security, Daily news, Fraud & Security, Identity, KYC, Risk & Compliance -

BASIS ID, an innovative electronic identity verification company, providing KYC and AML solution, along with risk and fraud management services worldwide, is pleased to announce a successful launch of a... read more

The post BASIS ID unveils Entr, the breakthrough in technology and design to redefine digital KYC and AML service appeared first on Payments Cards & Mobile.

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AML, Anti-Money Laundering Authority, Anti-Money Laundering Authority (AMLA), anti-money-laundering, Cash, Cyber Crime, Cyber Security, Daily news, Fraud & Security, Identity, Regulation, Risk & Compliance, The Financial Action Task Force (FATF) -

The European Commission has presented an ambitious package of legislative proposals to strengthen the EU’s anti-money laundering and countering terrorism financing (AML/CFT) rules. The package also includes the proposal for... read more

The post Beating financial crime: Commission overhauls anti-money laundering and terrorism rules appeared first on Payments Cards & Mobile.

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