Fintech News

JULY 1, 2024

Security, intelligence, law enforcement, supervisory, and regulatory agencies work together to detect and respond to both existing and emerging threats. This strategy involves coordinated risk identification, robust legal frameworks, strict regulatory regimes, decisive enforcement actions, and international cooperation.

Risk Assessment 114

Risk Assessment Assessments Risk Finance 114

The Payments Association

FEBRUARY 10, 2025

This legislation represents a significant shift in corporate accountability, aiming to strengthen the UKs legal framework against financial crime. Voices from the industry Businesses subject to the Failure to Prevent Fraud offence must understand their legal obligations under the new law.

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

Fintech News

JULY 17, 2024

These figures underscore the immense challenge facing regulators and law enforcement agencies in their efforts to curb illicit financial flows in the crypto space. The United Arab Emirates has amended Federal Decree-Law No. (20)

Money Laundering 107

Money Laundering Law Enforcement AML Non-Bank 107

PYMNTS

MARCH 9, 2020

To that end, PayPal said last month that it would team with law enforcement agencies, academics and experts to track how payments are used to traffic firearms illegally through the United States. That’s easier said than done, perhaps, in the digital age, where money flows digitally, increasingly in real time.

PayPal 70

PayPal Financial Crimes Crime Law Enforcement 70

PYMNTS

NOVEMBER 4, 2016

The 500-page, $5,000 applications are an attempt to offer an unequivocal legal framework for businesses to exchange in bitcoin. Still, slow regulation fares better for the safety, security and legality of future work with bitcoin than blanket bans. Currently, 15 applications are pending.

Bitcoin 76

Bitcoin Digital Currency Law Enforcement Legal Framework 76

Neopay

JULY 18, 2024

Sub-Saharan Africa: This region suffers from high money laundering risk due to corruption, poor transparency, and weak rule of law. The European Union’s 6th Anti-Money Laundering Directive (6AMLD) has enhanced the legal framework, increasing penalties and expanding the scope of predicate offenses.

Money Laundering 52

Money Laundering AML Crime Cryptocurrency 52

PYMNTS

APRIL 28, 2017

Law enforcement does not have the bandwidth to investigate or prosecute for these crimes unless they reach a large financial threshold. New Human Rights Laws Proposed to Protect from Mind Hacks. Cybercrooks know this and use that to their full advantage. It really is the future.

Ransomware 62

Ransomware End User Crime Authentication 62