Everything in Payments Risk and Compliance
Everything in Payments Risk and Compliance
One of the simplest and most common techniques used by rookie money launderers is “structuring” or “smurfing”—breaking up large transactions into smaller amounts to avoid detection. The goal is to…
Introduction: What Are Watchlists? A watchlist is a broader, flexible list of individuals, entities, or countries that pose potential risks. Being on a watchlist doesn’t necessarily mean that an individual…
Before finding the next fraud pattern/modus operandi affecting your organization, we need to make sure you have the right complete data for analysis. Having complete organized transaction data to detect…
As compliance and risk specialists it is important to find the weakest link. Where are the opportunities to create assets that appear genuine but are not and where can firms…
Transactions by exchanging tokens instead of card details is a fraud prevention dream. VTS solves much more than just this. Visa Token Service (VTS) is a technology designed to enhance…
One of the key regulations developed by the FATF to address these concerns is the “Travel Rule.” This rule mandates that financial institutions share certain information about the originators and…
The International Anti-Financial Crime Summit 2024 (IAFCS2024) will take place on October 9 next in London. This unmissable conference takes place at the 10 Union Street convention centre, located in…
Some of the most horrible crimes we have seen in our career was not Identify theft but synthetic ID. We saw a fraud vector that had the patience to raise…
We are seeing an explosion of companies speaking about replacing risk and compliance manual work done today by risk and compliance analysts and even 2nd line of Defence roles. Whilst…