589 Results from /crime
Steve Morgan Banking Industry Market Lead at Pegasystems
Banks seem to struggle on applying anti-money laundering controls, despite their obvious determination to not break the law and support initiatives to stop criminal activities and terrorist funding. Even the biggest banks have problems, as the UK’s financial regulator reported in December 2021. The regulatory pressure to focus on know-your-custom...
20 January 2022 /identity /crime Law and Finance
Nickii Mallia Business Development Manager at Aqubix Ltd - KYC Portal
Any compliance officer will tell you that financial safety is the first benefit associated with regulatory compliance. Compliance officers are requested to issue reports to ensure they’re complying with the industry standards, laws, rules, and regulations set by government agencies and regulatory bodies, no matter the industry or company size. It ...
11 January 2022 /regulation /crime Operational Risk Management
Customers are at the centre of any business, yet very few firms truly understand who their customers are. It is known that one of the biggest challenges in this industry is the ability to identify the uniqueness of human beings, therefore having the lack of a Single Customer View (SCV) within your database. Without a SCV and real-time insights, or...
07 January 2022 /regulation /crime Operational Risk Management
Retired Member
2021 has been a year of two halves – the first we were all dealing with life under lockdown. And the second half, supercharged with the vaccine programme, has seen life trying to get back to normal. But whatever the conditions, financial criminals have carried on regardless, capitalising on pandemic conditions and our increasing reliance on techno...
06 January 2022 /regulation /crime Financial Transformation
In today’s world it is vital to adopt a continuous KYC (cKYC) approach rather than the inefficient costly periodic client reviews and remediation projects, to understand your customers' risk profile throughout their relationship or lifecycle. From the point a prospect approaches an organisation to be on-boarded as a customer and during the customer...
05 January 2022 /regulation /crime Operational Risk Management
Increased internal fraud. The effects of COVID-19 on the world of business are still being felt across many companies. The change to work from home has been a difficult and contentious decision for many CEOs across the world, couple with the “great resignation” where workers are moving to either seek more freedoms or change their job type post-pan...
04 January 2022 /crime /predictions Payments strategies 2015-2020-2030
Dexter Penn CEO at Kalgera
As Christmas Day fast approaches, many of us will be frantically last-minute shopping to ensure a Christmas to remember, not least after last year’s lockdown Christmas. Typically, UK households spend around £740 more than normal during the month of December, according to the Bank of England. While this is good news for the economy, it’s not so goo...
22 December 2021 /regulation /crime Financial Inclusion
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
In What Is Subscription Trap? (Part 1), we saw several Dark Patterns used by brands and service providers ("Merchants") to make it difficult for us to cancel subscriptions like Social network e.g. LinkedIn Premium Digital media e.g. Wall Street Journal Streaming video service / OTT e.g. Netflix Hosting service e.g. Hostgator SAAS softwa...
20 December 2021 /payments /crime
Amita Choudhary Marketing Manager at Princeton Growth Accelerator
In the modern world, we are all so used to our data being for sale that many of us do not even really evaluate the issue. However, while we might not mind our email address or name being on a marketing database, your financial data is far more important to keep private. That is why you should ignore the importance of financial privacy. Want to sto...
20 December 2021 /crime Financial Inclusion
Jackie Barwell Director at ACI Worldwide
Against the backdrop of continuing economic uncertainty, financial fraud will continue to thrive in 2022, with fraudsters expected to exploit consumers across all digital channels. Sadly, the industry has not yet solved the age-old question: “Who are you?”. And as it stands, fraudsters, in many cases, are winning the war when it comes to financial...
16 December 2021 /crime /predictions Transaction Fraud Systems and Analysis
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