Tag: Fraud

The Payment Systems Regulator (PSR) is progressing in its fight against APP fraud by introducing two consultations. 

Visa UK has revealed a litany of new measures designed to protect small businesses and combat ‘friendly fraud’. 

In Q2 of 2023, the UK saw a rise in fraudulent activity with a loss of £593m, pushing the total stolen cash in the past year to almost £3.5bn.

Unlocking the potential for commercial success, dynamic financial crime risk assessments offer a multitude of benefits for financial institutions. Acuminor, a RegTech company explained...

As cryptocurrencies become increasingly popular, the risk of scams targeting investors has grown. In response, Commonwealth Bank (CBA) has launched new safety measures aimed at safeguarding its customers. The bank will now impose restrictions, delays, and limits on certain payments to cryptocurrency exchanges.

New NAB data indicates a worrying trend among Australians selling second-hand items on platforms such as Facebook Marketplace and Gumtree.

The concept of FRAML, the integration of Fraud and Anti-Money Laundering (AML), is radically altering the outlook of risk management and compliance in the financial sector. A recent webinar, led by the Electronic Transactions Association (ETA) and sponsored by Hawk AI, engaged a panel of Fraud and AML professionals to dissect the benefits and hurdles of FRAML.

The development of tech in recent decades has seen us move from personal computers to the metaverse in a fairly short time frame.

UK financial services organisations are collectively spending £32.4bn each year on financial crime compliance (FCC), according to a report from LexisNexis Risk Solutions.

Resistant AI, a fraud and financial crime prevention services provider, has made its Document Forensics solution available on Google Cloud Marketplace.