Cyberfraud is out of control, “New York Federal Reserve almost lost $1billion” allegedly
by Jack Large
Do we need hackers to protect us? But when countries are involved why bother?
Anti-Money Laundering
Background
The Money Laundering Control Act of 1986 is a United States of America Act of Congress that made money laundering a Federal crime. This legislation combined with other legislation such as the European…
Read moreReal-time payment fraud detection backstop from Kyriba
by Jack Large
Breakthrough that corporate treasury needs: real-time detection of specified non-compliant behaviour just before the payment is made
Vital cybersecurity and data-security insights for CYA
by Jack Large
Equifax hearing reveals some ideas for data security, but should you be worrying about your competitors and under reporting
Investigative Due Diligence solutions and platforms are your future
by Jack Large
IDD is making complex problem analysis and management possible and easy. Achieving new levels of performance and returns in many fields, e.g. managing the anti-money laundering nightmare
How to protect yourself against the 6 common characters in money laundering
by Jack Large
BAE Systems research shows that money laundering represents the fifth largest economy in the world and equates to 3 per cent of global GDP and how to protect your organisation
How to use manual processes and digital to protect your business from fraud
by Jack Large
Rahman Ravelli Solicitors recipe - manual + digital - is only way to solve problem
Today’s vital fraud prevention questions for the corporate treasurer
by Jack Large
Dare you complete the International Chamber of Commerce’s cybersecurity self-assessment questionnaire?
Fraud update: the nightmare continues, but new technologies offer hope
by Jack Large
Verizon: Almost half of companies fail on payment security; New techologies: use machine learning combined with AI, and behavioural analytics enable companies to fully understand and minimise cyberfraud
Cyberfraud - it will be your fault. Protect yourself
by Jack Large
Who is responsible: IT? Internal audit? Corporate treasury? Accounts payable? Government? Global regulators?
The behaviours that could signal fraud or market abuse
by Bija Knowles
No one likes to think that their behaviour is predictable or transparent but behavioural analytics is effective in uncovering misconduct such as market abuse, insider trading or collusion
Vendor AML Solutions in Asia Pacific
by Jack Large
Kapronasia review 10 firms offering anti-money laundering services in the region
Global Money Laundering risk index rises with Iran rated worst and Finland least risky
by Jack Large
Basel Institute on Governance AML index shows small general worsening BUT five countries deteriorated severely
Whose KYC data standards? Yours? Mine? Theirs?
by Jack Large
Whose are Know Your Customer standards are you going to use: The banks? Thomson Reuters’s? KYC.com’s
Is there a solution to corporate treasury’s KYC problem?
by Jack Large
Thomson Reuters have just signed three buy-side clients for their Org ID service, and new technologies stabilising, but is it enough?
Are you ready in real-time for the EU 4th AML Directive?
by Jack Large
All businesses are responsible for anti-money laundering checking: Do you really know your customer and understand each transaction? Are you ready to report to suspicious transactions immediately?
Fraud prevention: latest research and tips
by Kylene Casanova
Telltale signs; contactless fraud; eyetracking technology; money laundering; cutting off terrorist funding; cost of fraud prevention
SWIFT to roll out KYC Registry to non-SWIFT banks
by Kylene Casanova
From September, SWIFT will open up membership of its KYC Registry, used by nearly 4,000 correspondent banks and funds players, to all supervised financial institutions
Using RegTech for compliance survival
by Kylene Casanova
Thomson Reuters team up with Logical Construct to offer visibility of key legal and economic terms and risks hidden within their legal documentation
Is money laundering endemic and unstoppable?
by Kylene Casanova
Today’s Wall Street Journal report shows how much work is needed globally and in each country
We are losing the battle against fraud = more new regulations and procedures
by Kylene Casanova
There is no escape: corporate treasury departments will have to cope with many more new practices and technologies
4AMLD is here but EU must increase efforts to fight financial crime
by Kylene Casanova
It's estimated that 2-5% of global GDP is lost through money laundering. Now 4AMLD has become national law in the EU but more needs to be done to tackle financial crime
Look for the financial opportunities in artificial intelligence
by Kylene Casanova
Artificial Intelligence is the biggest commercial opportunity today and will boost global economic output by 14 per cent by 2030, according to research by PwC
Focus on risk as 4th AML directive comes into effect
by Kylene Casanova
The 4th EU AML Directive entered into national law yesterday, with clear guidelines on how banks should tackle crime, but huge obstacles remain, including cost, IT and personnel
BIS Guidelines on management of risks in money laundering & financing of terrorism
by Kylene Casanova
Understand the guidance your bank is receiving on AML