Risk & Compliance RSS

Cyber Security, Cybercrime, Daily news, financial crime, Fraud & Security, Risk & Compliance -

Newton’s Cradle (a highly favoured executive toy) was a common sound in offices for many years. If you cast your mind back to your schooldays you’ll no doubt remember that... more

The post Round-up: Financial crime in focus appeared first on Payments Cards & Mobile.

Read more

Ally Bank, Barclays, BBVA Compass, Citizens Bank, Comerica Bank, Contracts, Daily news, Fifth Third Bank, Fraud & Security, Goldman Sachs, HSBC, Identity, KeyBank, KY3P, M&T Bank, Morgan Stanley, Products, Regions Bank, Risk & Compliance, Santander US, SunTrust Bank, The Huntington National Bank, UBS, US Bank -

A group of 12 regional and digital financial institutions have joined together as investors and members in KY3P, for managing third-party risk and optimising the processes by which financial institutions... more

The post The future of KYC? What’s so cool about KY3P appeared first on Payments Cards & Mobile.

Read more

Bitcoin, Bitwise Asset Management, CoinMarketCap.com, Cryptocurrency, Cryptocurrency exchanges, Daily news, Regulation, Risk & Compliance -

A recent research report by Bitwise Asset Management revealed that 95% of the reported trading volumes in Bitcoin by CoinMarketCap.com is fake and artificially created by unregulated exchanges. Surprisingly, this fake data... more

The post SEC report reveals 95% of Bitcoin trading volume is fake appeared first on Payments Cards & Mobile.

Read more

Daily news, Danske Bank, Fraud & Security, More money laundering, Risk & Compliance, Swedebank -

Heads continues to roll in the Nordic banking sector as the chief executive of Swedbank was fired by the board, paying the price for a rapidly escalating €135 billion money... more

The post More money laundering worries for Nordic banks appeared first on Payments Cards & Mobile.

Read more

Card Fraud, card not present fraud, credit card fraud, Cyber Security, Daily news, debit card fraud, financial fraud, Fraud, Fraud & Security, Fraud losses, Fraud Report, payment card fraud, Risk & Compliance -

Fraud losses on UK-issued cards totalled £671.4 million in 2018, a 19% increase from £565.4 million in 2017. At the same time, total spending on all debit and credit cards... more

The post Fraud Report: losses on UK-issued cards totalled £671.4 million in 2018 appeared first on Payments Cards & Mobile.

Read more