Risk & Compliance RSS

AML/CFT framework, Cash, Daily news, EU AML Authority (AMLA), financial crime, Fraud & Security, money laundering, Regulation, Risk & Compliance -

Money laundering is about much more than white-collar crime. It is a process which fuels the activities of criminal gangs that are extremely harmful to European society as a whole.... read more

The post How to ramp up Europe’s fight against money laundering appeared first on Payments Cards & Mobile.

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Cyber Crime, Cyber Security, Daily news, Fraud & Security, real-time fraud, Regulation, Risk & Compliance -

As part of its strategy for addressing fraud risks in the context of the Single Euro Payments Area (SEPA) payment schemes the European Payments Council (EPC), has elected to develop... read more

The post European Payments Council requests proposal for real-time fraud platform appeared first on Payments Cards & Mobile.

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Artificial Intelligence (AI), Cyber Security, Daily news, E-Commerce, e-commerce fraud, Fraud, Fraud & Security, M-Commerce, Risk & Compliance -

A new study has found that the value of losses due to e-commerce fraud will rise this year, from $17.5 billion in 2020 to over $20 billion by 2021; a... read more

The post E-commerce fraud losses to exceed $20 billion annually appeared first on Payments Cards & Mobile.

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Cyber Crime, Cyber Security, Daily news, Fileless malware, Fraud & Security, malware, ransomware, Risk & Compliance -

The latest Internet Security Report reveals that fileless malware and cryptominer attack rates grew by nearly 900% and 25% respectively, while unique ransomware payloads plummeted by 48% in 2020 compared... read more

The post Fileless malware attacks surge by 900% – Ransomware attacks decline appeared first on Payments Cards & Mobile.

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AML, anti-money-laundering, Cyber Crime, Daily news, Fraud & Security, Regulation, Risk & Compliance -

Europe’s banks are undergoing one of the greatest periods of transformation in their 800-year history. Banking models that prioritised delivery through branch networks are disappearing, replaced by digital as mobile... read more

The post Report: Rethinking AML for the digital age appeared first on Payments Cards & Mobile.

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