HKMA warns customers of online security after several reports of fraud
The Hong Kong Monetary Authority (HKMA) is warning consumers to be wary of suspicious small transactions, following rise in fraud.
BaFin orders N26 to improve prevention of money laundering and terrorist financing
German Federal Financial Supervisory Authority (BaFin) has ordered challenger bank N26 to improve its prevention of money laundering and terrorist financing.
Spectrum Equity sells anti-fraud company Ethoca to Mastercard
Growth equity firm Spectrum Equity has closed its sale of anti-fraud solution Ethoca to Mastercard, for an undisclosed amount.
Invixium Access nets $1m investment from Connecticut Innovations
Invixium Access, a developer of biometric solutions, has received a $1m investment from Connecticut Innovations.
Finantix names Tim Wood as its chief financial officer to support international growth
Finantix, a software builder for banking, wealth and insurance industries, has named Tim Wood as its new chief financial officer.
UK’s FCA and Action Fraud reveal £27m was lost to crypto and forex investment...
The UK’s Financial Conduct Authority (FCA) and Action Fraud have revealed more than £27m was lost to crypto and forex investment scams during 2018/19.
The European Commission launches new tool to help member states combat VAT fraud
The European Commission has released its new Transaction Network Analysis (TNA) tool designed to help EU countries crack down on criminals and VAT fraud.
4Stop closes Series A round from Ventech
4Stop, a know-your-customer and know-your-business platform, has closed its Series A round of funding.
6 Nordic banks said to team up to establish improved AML standards
Six major banks in the Nordics have reportedly come together to improve customer checking and tackle money laundering.
The ID Co. pulls in $2m in seed round from Amadeus, SixThirty
The ID Co. has pulled in $2m in seed funding, coming hot off the heels of two new product launches.