Fintech News

AUGUST 21, 2024

This activity hindered efforts to track and regulate the flow of funds, posing significant challenges for authorities in combating financial crimes. In response, ASC and OCBC collaborated to utilise in-house data analytic models and network detection tools to identify and freeze accounts exhibiting potential money mule behavior.

Accounts 104

Accounts Financial Crimes Scams Freeze Account 104

PYMNTS

MARCH 8, 2019

And South Korea has launched a task force to combat crypto fraud and FinTech-related crimes. According to The Next Web , the move comes after South Korea saw an 800-percent increase in crypto crimes in the last three years.

Crime 46

Crime Freeze Account Blockchain Bitcoin 46

FICO

NOVEMBER 14, 2019

These issues seem to be universal across the banking industry, as an Ovum survey of those that work in AML at UK banks found: 83% say a major business concern is the risk of reputation damage from failures to tackle financial crime. Discover the new capabilities in Falcon X - a solution for fraud management and financial crime compliance.

AML 40

AML Money Laundering Financial Crimes Crime 40