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Fraud Prevention

Background

Fraud is wrongful deception for financial gain. The global levels of fraud are huge and growing: according to the Association of Certified Fraud Examiners (AFCE) in the USA, a typical business loses 5…

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KYC Compliance

Making KYC checks easier for corporates

by Ben Poole

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KYC checks can be a source of inefficiency for corporates with multiple banking partners. SWIFT’s KYC Registry aims to streamline these processes.

Financial Reporting

ICFR driving financial reporting efficiencies

by Ben Poole

Financial reporting

Beyond regulatory compliance, a KPMG report finds corporates in Abu Dhabi are benefitting from standardised processes and new business models.

Environment, Social, Governance

EBA makes AML and ESG moves

by Ben Poole

European Banking Authority HQ

The European Banking Authority has issued guidance on the enforcement of AML rules and launched a consultation on ESG risks.

Fraud Prevention

Cybersecurity coming of age

by Ben Poole

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PwC research finds 96% of executives have shifted their cybersecurity strategy due to COVID-19 and 40% are accelerating digitisation.

Fraud Prevention

Dutch banks take aim at money launderers

by Ben Poole

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Transaction Monitoring Netherlands is a collaborative effort that aims to crack down on money laundering and terrorism financing.