560 Results from /crime
Alex Rees Information Technology at Facctum
Financial institutions are pouring record sums into financial crime compliance, yet the system remains riddled with inefficiencies. According to LexisNexis Risk Solutions, global financial crime compliance costs have surged to $206 billion annually, driven by more complex regulations, heightened enforcement expectations, and legacy technology lim...
04 June 2025 /regulation /crime RegTech
Roy Zur CEO at Charm Security
As scams become more advanced and personalized, the tactics used to manipulate individuals are increasingly rooted in behavioral psychology. What once required blunt deception now relies on nuance: fraudsters exploit victims' fears, biases, and emotional vulnerabilities with surgical precision. With fraudsters now equipped with generative AI tool...
27 May 2025 /security /crime Banking Strategy, Digital and Transformation
Regulatory compliance has traditionally been a slow-moving function—reactive, rules-based, and tethered to manual review cycles. But the pace of modern finance demands a fundamental rethinking. As financial crime becomes more sophisticated and real-time transactions dominate, the compliance function must operate at the speed of risk. Legacy compl
21 May 2025 /regulation /crime RegTech
Steve Carpenter Chief Operating Officer of North America at Creditsafe
Fraudsters are more creative than ever, and businesses are paying the price. With 41% of companies facing 7 or more fraud cases in just the first eight months of 2024 alone, the question isn't if your organization will be targeted—it's when. Yet, despite this growing threat, many organizations remain unprepared, relying on outdated or insufficient...
14 May 2025 /security /crime
Jonathan Hancock Head of Product & Innovation at The ai Corporation
With a powerful growth engine, today's digital marketplace presents acquirers with the critical challenge of managing high-risk merchants. Success in this arena hinges on a dynamic and adaptable strategy, balancing opportunity with security. The definition of "high-risk" is fluid, constantly reshaped by technological advancements and shi...
13 May 2025 /payments /crime The Payments Business
Kathiravan Rajendran Associate Director of Marketing Operations at Macro Global
The regulatory landscape for financial institutions continues to evolve with increasing speed and complexity. Navigating the FCA's latest directives and aligning with global initiatives like the Common Reporting Standard (CRS) are just two examples of how compliance today demands far more than simply checking boxes. It calls for a fundamental reth...
08 May 2025 /regulation /crime Banking Regulations
Alex Ford President, North America and Chief Revenue Officer at Encompass | RegTech Association | Women in RegTech
Operational leaders face a stark reality: the onboarding experience has become a make-or-break moment not just for clients but also for the bank itself. Despite significant investment in transformation, many banks continue to struggle with outdated, manual Know Your Customer (KYC) processes that are fundamentally unfit for purpose. The result? Dela...
07 May 2025 /identity /crime
Helena Wood Director of Public Policy and Strategic Engagement at Cifas
Cifas’ annual Fraud Behaviours Survey – research into public attitudes to committing fraud – is a useful bellwether into society’s attitudes to lying for financial gain. Year-on-year our fraud behaviours work has demonstrated a growing normalisation of fraud by the UK public and the findings in the latest survey are no exception. Nearly half (48%) ...
07 May 2025 /regulation /crime
Roy Prayikulam SVP Risk & Fraud Division at INFORM GmbH
The globalization of the financial world has not only brought markets closer together but also created new opportunities for criminals. Cross-border fraud is rapidly evolving into the greatest threat to the integrity of the global financial system. According to the INTERPOL Global Financial Fraud Assessment (March 2024), fraud has reached epidemi...
30 April 2025 /ai /crime Artificial Intelligence and Financial Services
Alexander Boehm Chief Executive Officer at PayRate42
The neobank revolution promised speed, simplicity, and freedom — but it also brought new responsibilities. When it comes to illegal gambling transactions, the stakes couldn’t be higher. Regulators Are Watching — Closely Across Europe, gambling is strictly controlled. Payments to unlicensed operators aren't just risky — they’re illegal. Regulators e...
29 April 2025 /crime
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