Tag: financial crime

Car accidents and vehicle breakdowns are an unfortunate but mostly unavoidable part of life for the global population. However, victims in these cases can someone be easy targets for scam artists.

A new report by the UK’s Treasury Select Committee has called on the government to work harder to tackle the ‘growing fraud epidemic’ in the UK.

After a strong 2021, many RegTech companies are looking ahead to the new year with optimism for another year of advancement and greater innovation. With the pandemic still raging on, 2022 could be another year for RegTech companies to further ingrain themselves into the system. What trends should the industry look out for this year?

During a year of heightened financial crime, the Financial Conduct Authority (FCA) handed out £568m in fines during 2021.

Financial crime prevention firm Acuminor has updated its ThreatView platform to bolster its financial crime support offering.

The Australian Transaction Reports and Analysis Centre (AUSTRAC) has teamed with government agency Services Australia to launch a financial crime guide.

A four-month long operation conducted by Interpol between June and September this year has led to the arrest of 1,003 individuals and capturing of $27m in illegal cash.

A recent whitepaper by KYC and AML software providers Themis and Encompass Corporation has found financial services’ companies worldwide lost over £1m due to financial crime deficiencies last year.

Founded in 2014, FinTecSystems is specialised in open banking infrastructure and data analysis to help companies make data-driven and automate decisions. At a time when companies are scrambling to protect their assets from criminal actors, could FTS’ open banking infrastructure be a flood barrier against the rising wave of financial crime?

Data and analytics software business Quantexa has unveiled the latest release of its data analytics platform to help companies tackle the rapid proliferation of data.