112 Results from 2021, /crime
Retired Member
The success of Amazon’s recent Prime Day - this year over 250 million items were sold worldwide - typically results in many other merchants promoting similar sales events. With many merchants hoping the marketing strategy works out for the best. Unfortunately, this presents a multitude of challenges. Not just the need to prepare well in advance fo...
19 July 2021 /payments /crime Exposing Financial Crime
The recent news that the iconic ‘Blankety Blank’ game show was returning to our screens under the masterful Bradley Walsh brought back many great memories. Originally a firm family favourite on the BBC back in the 1980’s under fellow Irishman, Sir Terry Wogan and again reprised under the always funny Les Dawson, the premise of the game was a fun qu...
19 July 2021 /crime The Payments Business
Matt Beattie Managing Director at Beyond
Many organisations continue to wrestle with the challenge of delivering a fast and efficient client onboarding (& review) approach while ensuring compliance with the various KYC/AML rules. Ultimately, the goal for every Financial Institution is to optimise this balance and gain the associated competitive advantage, with the added benefit of a ...
12 July 2021 /regulation /crime Banking Strategy, Digital and Transformation
Andreas Hobbelin Head of AML & FCP at ZTL PAYMENT SOLUTION
In February 2021, I asked the Swedish company registry (#Bolagsverket) about some statistics regarding beneficial ownership, this is the response: Approx.: - 70.000 companies have registered that they don't have a beneficial owner. - 13.500 companies with a beneficial owner that is a non-resident and or not registered with a Swedish national ID. ...
07 July 2021 /regulation /crime Banking Regulations
John Bertrand MD at Tec 8 Limited
APP (Authorised Push Payments) and taking control of bank accounts are 54% of the £1.26 billion fraud in 2021. Given the sheer volume of scams being generated, 70% of people with mobile phones have receive a text message claiming to be, for example, from Royal Mail requesting a small payment for parcel delivery. These scams, as they expand, could m...
04 July 2021 /payments /crime Banking Strategy, Digital and Transformation
No, it’s not a Bank, it’s an offshore bank located east of Malta (35°53'N 14°45'E) and hardly visible on the map What about Hurds bank? If I say bypassing sanctions, do I have your attention? Since at least 2015, Russia, Venezuela, Iran, Syria, Libya and even North Korea as well as terrorist organizations such as Hamas and Hezbollah, have been r...
01 July 2021 /regulation /crime Transaction Banking
Steve Goddard FME at Featurespace
A recent survey found that 93% of respondents agreed that fraudsters have become more diverse and that the speed of innovation has increased with it, resulting in greater complexity when detecting their behaviour. This stat flashed up in my mind on one of many zoom calls I attend, engaging with peers to try and get some normalcy in my life, when ...
29 June 2021 /payments /crime Transaction Fraud Systems and Analysis
During last months, I asked many of my friends and family members regarding their experiences while opening an account with one of the thousands of Fintechs or setting up new account with car/scooter sharing company or other similar usercases espeically requiring identity verification. Given my background in identity management and digital ident
26 June 2021 /identity /crime Artificial Intelligence and Financial Services
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
All of us are familiar with subscriptions of the following type: 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 software e.g. Salesforce A subscription is for a given plan at a fixed monthly fee. When you sign up for it, you typically submi...
23 June 2021 /payments /crime
Camlo Kalandra Marketing Executive at UTP Merchant Services
A slew of high-profile companies have recently fallen victim to cybercrime including America’s Colonial Pipeline, EA Games, McDonald’s, and the world’s largest meat supplier JBS. The majority of these have involved ransomware attacks, in which hackers steal data or threaten to delete files if a fee is not paid – usually in cryptocurrency. JBS paid...
17 June 2021 /security /crime
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