AccessPay strengthens Fraud & Error Prevention Suite
AccessPay, a trailblazer in bank integration services, has introduced a significant enhancement to its Fraud & Error Prevention Suite.
The suite now incorporates Confirmation of...
UK tops global list for shell company risks, new Moody’s Analytics research reveals
The United Kingdom has emerged as the global hotspot for shell company risks, according to the latest interactive research unveiled by Moody’s Analytics.
Adapting to change: How the UK’s latest money laundering amendments impact PEPs
On January 10, 2024, a pivotal shift in the UK's regulatory framework will unfold as the Money Laundering and Terrorist Financing (Amendment) Regulations 2023 come into effect.
Tackling money mule abuse of the financial sector – no place to hide
Money laundering is the lifeblood of organised criminals – put simply, without the ability to move and convert criminal proceeds into “clean” money to fund further crime and the lavish lifestyle criminals aspire to, organised crime gangs cease to function.
The ECCT bill: A landmark in UK’s fight against economic crime
The UK has recently taken a step in combatting economic crime with the enactment of the Economic Crime and Corporate Transparency bill.
Refine Intelligence launches with $13m, introducing innovative AML solution
Refine Intelligence, a FinTech company specialising in Financial Crime Greenflagging, announced its launch, marking a significant advancement in anti-money laundering (AML) practices.
California’s pioneering digital financial assets law: A new era in crypto compliance
Until now, cryptocurrency companies in California have operated without a license, but this is set to change with the introduction of the Digital Financial...
The rise of money mules in UK fraud: Prevention and detection
Fraud in the UK has become a significant concern, with 40% of crimes being fraudulent. Money muling is at the forefront, where fraudsters utilise synthetic or real mule accounts for financial gain. The UK government, recognizing the seriousness, plans to publish an action plan to combat this issue.
Australian banks forge unprecedented alliance in $100m Scam-Safe Accord
Australian banks have collectively launched the Scam-Safe Accord, marking a significant step in the battle against financial scams.
Vesta and Stripe unite to combat online fraud with innovative partnership
Vesta, a transaction guarantee platform, has established a partnership with Stripe, a financial infrastructure platform.
