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 moreby Kylene Casanova
Do you have ‘blanket’ policies that are applied indiscriminately to all kinds of data sets rather than a need to know? Don’t wait until your shareholders sue you for lying about cyber security
by Kylene Casanova
Fraud prevention is a combination of processes and systems. Each company has to develop their own strategy for minimising fraud
by Kylene Casanova
SWIFT is to launch a new hosted cloud service called Name Screening, which will allow financial institutions and corporates to look up the names of individuals for compliance and customer due diligence purposes.
by Kylene Casanova
Cyber crime and high-end money laundering are among the top five threats to the UK, according to a report by the National Crime Agency.
by Kylene Casanova
Fraud incident every 15 seconds in the UK shows the need for collaborative initiatives - but with whom? And how do you tell shareholders and authorities that you’ve had a cyber attack?
by Kylene Casanova
If your firm's AML processes and systems aren't up to scratch, you could (individually and as a company) face eye-watering fines. Continuous learning could ensure you don't fall behind on AML.
by Kylene Casanova
How to protect yourself and cyber-crime insurance - Eastwood & Partners new cyber and data protection insurance solution shows type of cover available
by Kylene Casanova
Almost four out of 10 companies have experienced a data security breach within the past year - but the biggest threat comes from third parties.
by Kylene Casanova
The European Banking Authority has published its response to the EC's proposal to bring virtual currency exchange platforms and pre-paid cards within the scope of the 4th Anti-Money Laundering Directive.
by Kylene Casanova
Questions that will lead to action in today’s complex and regulated world
by Kylene Casanova
Despite huge investment in compliance, levels of economic crime are growing. New thinking is needed. Could war game simulations help companies prepare for and respond to crime more effectively?
by Kylene Casanova
Thomson Reuters launches KYC solution for Africa in partnership with local banks
by Kylene Casanova
SWIFT has created a dedicated Customer Security Intelligence team, bringing together a group of IT and cyber experts to investigate security incidents and share vital information.
by Kylene Casanova
Four resources that businesses can use to protect themselves from cyber crime
by Kylene Casanova
UK’s NCA Strategic Cyber Industry Group concluded: “Perfect security is almost impossible”, so your board better have appropriate answers to these questions or are you already in big trouble?
by Kylene Casanova
Stronger partnership between law enforcement, government and business is essential to mimimise fraud but “Perfect security is almost impossible”
by Kylene Casanova
kyc.com’s KYC and due diligence service gains traction with more member banks and more corporate users
by Kylene Casanova
UK government, banks and corporates are working together to create a new world of digital identities
by Kylene Casanova
Cybersecurity metrics are essential in managing your actual security risk, it is NO GOOD relying on what you believe to be in place. AND remember: “There is no guaranteed security, only less risk.”
by Kylene Casanova
“89% of corporates have not had a good KYC experience, and 13% had changed their financial institution relationship as a result”. Each FI is spending on average $60m and some upto $500m annually on KYC
by Kylene Casanova
John Bullard, IdenTrust’s Global Ambassador, discusses how a GTN will facilitate inter-operability across the digital world and why digital e-Identities could re-invent the role of the bank in the 21st century
by Kylene Casanova
IdenTrust’s Global Ambassador, John Bullard explains the basics of e-Identity and why it is vital in today’s digital age
by Kylene Casanova
Less than half of Fortune 500 use SWIFT; only 7 corporates are live on eBAM using 20022 acmt messages on FileAct; Citi first for corporates on SWIFT in India; little progress on BPO and MT798 message usage
by Kylene Casanova
The EY global fraud survey highlights increased pressure on companies to identify and mitigate fraud, bribery and corruption issues.
