The Payments Association

FEBRUARY 10, 2025

Businesses must proactively assess fraud risks, implement adequate procedures, leverage technology for fraud detection, and foster a culture of compliance to avoid regulatory penalties. Compliance requires proactive fraud risk assessment, the implementation of preventive procedures, and a culture of accountability. What’s next?

Crime 88

Crime Risk Assessment Fraud Prevention Due Diligence 88

Fintech News

MAY 8, 2024

New measures that will take effect this year include mandatory risk-awareness assessments for customers, bans on trading incentives, and restrictions on providing credit for cryptocurrency transactions. In November last year, MAS had also approved stablecoin issuance aligned with its proposed regulatory framework.

Addressing 114

Addressing Stablecoins Monetary Loss Cryptocurrency 114

The Fintech Times

FEBRUARY 19, 2025

.” Risks of automation dependance Sharing a similar view, Adam Ennamli , chief risk and security officer at General Bank of Canada , added: “Failures can have existential consequences, from significant monetary losses to complete loss of market trust and regulatory penalties.

AI 64

AI Risk Monetary Loss Automation 64

Stax

NOVEMBER 27, 2023

Of course, financial criminal activity doesn’t have to just lead to monetary loss—it could also lead to a data breach of customer information. CDD stands for Customer Due Diligence, and it is a part of the KYC process that involves basic checks to confirm a customer’s identity and assess their risk profile.

Due Diligence 88

Due Diligence Money Laundering AML Financial Crimes 88