Risk & Compliance RSS

AML, anti-money-laundering, Cryptocurrency, Daily news, Financial Action Task Force (FATF), Fraud & Security, Identity, Regulation, Risk & Compliance, W2 Global -

The global Financial Action Task Force (FATF) updated its guidance on how to manage anti-money laundering (AML) measures in cryptocurrency payments fully two years ago – yet recent evidence suggests... read more

The post Finding the right mix: AML for cryptocurrency payments appeared first on Payments Cards & Mobile.

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Daily news, Fraud & Security, Identity, Risk & Compliance, UBO, Ultimate Beneficial Ownership -

In our last blog, we discussed the recent trend for paying with cryptocurrencies, currently growing at around 30% per month. These payment instruments offer lower costs and much faster settlement... read more

The post Ultimate Beneficial Ownership: the next compliance challenge appeared first on Payments Cards & Mobile.

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Brand Abuse, cyber attack, Cyber Crime, Cyber Security, Daily news, Fraud, Fraud & Security, malware, phishing, Risk & Compliance -

Global e-commerce spending grew 28% annually to $4.2 trillion in 2020, paving the way for more fraudulent behaviour and more sophistication in attack types like Brand Abuse. Backing this insight... read more

The post Fraud Report: Massive increase in Brand Abuse cyber attacks appeared first on Payments Cards & Mobile.

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Cyber Crime, Cyber Security, Daily news, Fraud & Security, Risk & Compliance -

Cyber criminals carrying out ransomware attacks are now a bigger risk to UK national security  and businesses than online espionage by hostile states, Britain’s cyber defence chief has warned. Lindy... read more

The post Ransomware and hacking now bigger threat to UK businesses than hostile states appeared first on Payments Cards & Mobile.

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Cyber Crime, cyber insurance, Cyber Security, Daily news, Fraud & Security, ransomware, Risk & Compliance -

Cyber attacks began to climb last year, but big ransomware strikes over the past two months have convulsed the insurance market. Ireland’s healthcare system, a key US fuel pipeline and,... read more

The post Important: As ransomware demands explode cyber insurance companies rethink premiums appeared first on Payments Cards & Mobile.

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