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metaverse

Payment Innovation – IDnow: Technology crucial to a smooth AML experience in...

The exponential growth of the metaverse opens a new door for fraudsters, as the space looks to evolve and provide a secure AML environment.

FSB backs LEI for a “cross-border payments evolution”

The Financial Stability Board (FSB) has placed its backing into the adoption of Legal Entity Identifier (LEI) tools to bolster cross-border payments.  FSB has highlighted...
AGA

AGA guidance acknowledges fraud shifts in the gaming industry

The American Gaming Association (AGA) acknowledged the shifts in fraud behaviour in the latest edition of its AML guidance.

Sumsub releases best practice KYC guide for trading companies

Digital fraud mitigator Sumsub has released a new KYC guidebook that aims to help reduce fraud risk for trading companies.

Denmark launches new 2025 AML strategy

The Danish Ministry of Justice has established a new national strategy against money laundering and terrorism financing.  With plans to be finalised by 2025, the...

Ondato launches automated AML onboarding tool

Ondato has announced the release of Ondato Risk Scoring - its automated tool for companies to ensure safety during the onboarding process.  The solution combines...

FCA fines TJM £2M over financial crime system failures

The Financial Conduct Authority (FCA) has issued a £2,038,700 fine to TJM Partnership Limited for failing to ensure it had effective systems and controls...

Fraugster finds a total of £2.1bn AML fines for 2021

Releasing its Payment Intelligence Report 2022, Fraugster has reported that a total of £2.1bn in AML fines were handed out to over 80 institutions...

iDenfy unveils ‘Face Authentication’ offering

Digital identity firm iDenfy has announced that it's adding a new automated ID verification toolkit to its security solution arsenal. The ‘Face Authentication’ service is...

Salv CEO Taavi Tamkivi: Detecting fraud ‘similar to puzzle pieces –...

Fighting against financial criminals requires extensive teamwork, intellectual machine learning and a new concept pivotal to AML firms, data exchanging within the private sector...

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