Fintech Finance

MARCH 27, 2025

During the initial phase, travellers from 10 countries and regions, can simply scan the LANKAQR code at more than 400,000 merchants across the island to make payments, just as they are used to at home.

Cross-Border 59

Cross-Border Cross-Border Payments SARS Interoperability 59

FICO

DECEMBER 12, 2018

Among the key provisions is addressing the increasing burden on financial institutions required to file Suspicious Activity Reports (SARs) and the enormous amount of data flowing to Treasury’s Financial Crime Enforcement Network (FinCEN). FinCEN received 2,034,406 SARs in 2017 and volume is growing at a double-digit rate annually.

SARS 40

SARS AML Law Enforcement Suspicious Activity Report (SAR) 40

Payments Source

JANUARY 12, 2021

Congress acted first when it freed financial firms from having to disclose the beneficial owners of commercial clients. Now it's time for regulators to further ease anti-money-laundering reporting requirements by freeing them from filing duplicative or unnecessary suspicious activity reports.

SARS 65

SARS Money Laundering AML Duplicate 65

The Paypers

AUGUST 23, 2021

The UK’s Financial Intelligence Unit (UKFIU) has published its guide on how suspicious activity report (SAR) intelligence is being used by law enforcement, aiming to demonstrate SAR filing best practices.

SARS 39

SARS Suspicious Activity Report (SAR) Law Enforcement Best Practices 39

The Fintech Times

JANUARY 6, 2025

Travel companies in the region will now be able to obtain Qashio cards and transact in different currencies including AED, SAR, USD, EUR and GBP issued from UAE enabling payments and settlements in multiple currencies. In the coming years, Visa and Qashio aim to work to together by allocating over AED 100 million to the programme.

SARS 64

SARS Payments Underserved Reconciliation 64

FICO

MARCH 24, 2021

Financial Intelligence Units (FIUs) can play a critical role in producing sophisticated analysis on TBML schemes – including reporting entities (SAR/STR data). The graph below shows the trend of TBML-related SARs filed with FinCEN between 2014 and 2018. million SARs filed overall during the same period.

Money Laundering 98

Money Laundering SARS Financial Crimes Fincen 98

Fintech Finance

MARCH 17, 2025

Today, the number of Alipay+ payment partners that can make payment via DuitNow QR, has more than doubled to 15 international apps, bringing even more customers to Malaysian SMEs.

Cross-Border 59

Cross-Border Cross-Border Payments SARS SDN 59

PYMNTS

SEPTEMBER 21, 2020

The documents, officially known as suspicious activity reports (SARs for short) show that the banks had filed more than 2,000 reports across the past 17 years.

Fincen 139

Fincen AML Suspicious Activity Report (SAR) Financial Crimes 139

PYMNTS

JANUARY 15, 2021

It also said the bank’s Check Cashing Group admitted that it failed to file thousands of suspicious activity reports (SARs) as well as thousands of Currency Transaction Reports (CTRs) from 2008 to 2014. financial system.”.

Fincen 107

Fincen Suspicious Activity Report (SAR) Money Laundering SARS 107

Fintech Finance

AUGUST 8, 2024

billion Alipay+ users worldwide can make payments via 15 Asian and European Alipay+ e-wallets at retail stores leveraging Thunes’ Accept solution.

Cross-Border Payments 98

Cross-Border Payments Cross-Border SARS Alternative Payment Methods 98

Fintech Finance

JUNE 24, 2024

Alipay+ has now enabled over 400,000 merchants in Europe, with over 120,000 in the DACH region alone.

Transactions 108

Transactions SARS Cross-Border eWallet 108

Fintech Finance

AUGUST 21, 2024

These 12 overseas e-wallets include AlipayHK (Hong Kong SAR, China), Kaspi.kz (Kazakhstan), MPay (Macao SAR, China), Touch ‘n Go eWallet (Malaysia), Hipay (Mongolia), NayaPay (Pakistan), Changi Pay (Singapore), OCBC Digital (Singapore), Kakao Pay (South Korea), Naver Pay (South Korea), Toss Pay (South Korea) and TrueMoney (Thailand).

SARS 98

SARS Debit Card Mobile Payments eWallet 98

PYMNTS

DECEMBER 28, 2020

FinCEN also emphasized the importance of Suspicious Activity Reports (SARs) as being critical to identifying and stopping cybercrime in “conjunction with effective implementation of Bank Secrecy Act (BSA) compliance requirements.”. So far, two vaccinations have been approved by the U.S. Food and Drug Administration (FDA) for emergency use.

Fincen 127

Fincen Suspicious Activity Report (SAR) Scams Federal Trade Commission 127

PYMNTS

JANUARY 30, 2019

The payments company, which was not named for legal reasons, said at least two of its accounts were frozen in October of 2015 after RBS filed suspicious activity reports (SARs) to the National Crime Agency (NCA) in the U.K.

Suspicious Activity Report (SAR) 77

Suspicious Activity Report (SAR) Accounts SARS Money Laundering 77

Fintech News

MARCH 26, 2024

These partners include: AlipayHK (Hong Kong SAR, China), ANEXT Bank (Singapore), BigPay (Malaysia), bKash (Bangladesh), DANA (Indonesia), GCash (the Philippines), Hipay (Mongolia), Kakao Pay (Republic of Korea), MPay (Macao SAR, China), TNG Digital (Malaysia), TossPay (Republic of Korea), TrueMoney (Thailand), and Zalopay (Vietnam).

APACS 103

APACS FinTech SARS Authorization 103

The Fintech Times

APRIL 29, 2024

If that is not the case, and you observe unusual and/or suspicious activity, submit a report (via a suspicious activity or transaction report – SAR or STR) to your local financial intelligence unit (FIU) for investigation, if necessary, escalate matters to the relevant law enforcement authorities. million SARs to the U.S.

Money Laundering 78

Money Laundering AML SARS Financial Crimes 78

PYMNTS

OCTOBER 8, 2020

Adults with positive SARS-CoV-2 test results were approximately twice as likely to have reported dining at a restaurant than were those with negative SARS-CoV-2 test results.”. America doesn’t have the appetite for this. We’ve had it. And restaurant operators are aware.

SARS 116

SARS Research Consumer Economy 116

Fintech News

MAY 19, 2024

The company is currently serving over 13,000 SME customers and employing more than 400 staff across Singapore, Hong Kong SAR, the UK, the Netherlands, the Philippines, and Malaysia. Osome offers solutions in streamlining accounting, financial compliance, and other automatable business tasks.

Automation 106

Automation AI SARS Compliance 106

FICO

NOVEMBER 22, 2017

Each bank has dedicated large teams whose sole purpose is to monitor financial and non-financial transactions and identify and create suspicious activity reports, or SARs. They rely on a Know-Your-Customer process, and use gaggles of transaction rules to identify SARs. Auto-Encoders for Unsupervised Anomaly Scoring.

AML 78

AML AI Money Laundering SARS 78

Fintech Finance

JULY 10, 2024

AlipayHK users will be able to earn personalised rewards with every FREENOW ride they take, providing another benefit for travelers from the Hong Kong region.

Cross-Border 98

Cross-Border SARS eWallet Mobile Payments 98

FICO

FEBRUARY 13, 2017

As regulations become ever more demanding, the rules-based systems grow more and more complex with hundreds of rules driving know your customer (KYC) activity and Suspicious Activity Report (SAR) filing. As more rules get added, more and more cases get flagged for investigation while false positive rates keep increasing.

Money Laundering 74

Money Laundering AML AI Suspicious Activity Report (SAR) 74

Finextra

DECEMBER 23, 2024

a subsidiary of Deutsche Bank AG, for failing to file certain Suspicious Activity Reports (SARs) in a timely manner. The Securities and Exchange Commission today charged registered broker-dealer Deutsche Bank Securities Inc.,

Suspicious Activity Report (SAR) 59

Suspicious Activity Report (SAR) SARS Security 59

Fintech Finance

DECEMBER 14, 2023

The campaign, which will last till December 31, will first be launched for the destinations of Hong Kong SAR, Macao SAR, Japan, South Korea, Singapore, Malaysia and Thailand. As a result, merchants in the Chinese mainland, Macao SAR, Japan, South Korea and Singapore benefited the most from the surge in cross-border mobile payment.

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SARS Cross-Border eWallet Cross-Border Payments 69

Fintech News

JUNE 5, 2024

ANEXT Bank’s customers have extended their operations into key markets such as mainland China, Hong Kong SAR, the United States, and various Southeast Asian countries. These trends align with Singapore’s role as a global trade and financial hub.

Micro-Entry 107

Micro-Entry SARS Multi-Currency Cross-Border 107

Fintech Finance

OCTOBER 10, 2024

2) Travelers spend more, with a shift toward localized experiences Alipay+ payment partners include top payment apps from across Asia, such as Alipay (Chinese mainland), AlipayHK (Hong Kong SAR), Touch ‘n Go eWallet (Malaysia), GCash (the Philippines), KakaoPay, Toss Pay and Naver Pay (South Korea), OCBC (Singapore), TrueMoney (Thailand) and more.

Cross-Border 98

Cross-Border Transactions Digital Payments Technology 98

Fintech News

MARCH 25, 2025

With the rollout now live, travellers from 10 countries and regions can use 14 Alipay+ partner e-wallets to make payments at over 400,000 merchants across Sri Lanka by scanning the LANKAQR code.

SARS 74

SARS Cross-Border Payments eWallet Central Bank 74

FICO

FEBRUARY 15, 2017

Our new machine-learning techniques are directed specifically towards real-time, transaction-based KYC anomaly detection and highly refined self-learning models focused on anti-money laundering SAR (suspicious activity report) detection. The weights of the model are either expert-driven or based on limited SAR data.

AML 67

AML AI SARS Money Laundering 67

Fintech News

JUNE 4, 2024

ORO Bank is part of the Gelephu Mindfulness City Special Administrative Region (SAR), a strategic initiative announced by the King of Bhutan, with the aim to serve both local and international clients, particularly startups and emerging businesses.

SARS 107

SARS Non-Bank Mitigation Innovation 107

FICO

JUNE 9, 2022

AML Threat Score: Reducing False Positives Amid Defensive SAR Filings. Defensive SARs obscure the true efficacy of the AML program with a high volume of low-quality outcomes. The Cascading Effect of Defensive SARs. Furthermore, defensive SARs make it hard to quantify false positive reduction, even at 100% SAR detection.

Money Laundering 52

Money Laundering AML SARS AI 52

Fintech News

FEBRUARY 4, 2024

This expansion allows tourists and residents alike to use e-wallets such as Hipay from Mongolia, MPay from Macao SAR, MyPB by Public Bank from Malaysia, Toss Pay and Naver Pay from South Korea, and Tinaba from Italy, alongside existing options including AlipayHK, GCash, Kakao Pay, Touch n’ Go eWallet, TrueMoney, and others.

Cross-Border Payments 111

Cross-Border Payments SARS eWallet Cross-Border 111

FICO

MARCH 4, 2021

Second, rules-based AML systems create an inordinate amount of false positive alarms, diverting investigative resources from pursuing genuine Suspicious Activity Reports (SARs). Supervised machine learning AI models are trained to distinguish between suspicious and normal behaviors, using historical SARs as training examples.

AML 52

AML SARS Money Laundering Suspicious Activity Report (SAR) 52

The Fintech Times

FEBRUARY 18, 2024

The solutions provide significant reductions in investigation time and substantial time savings in suspicious activity report (SAR) filing, improving efficiency in financial crime as well as compliance risk management programmes.

Financial Crimes 59

Financial Crimes Crime Suspicious Activity Report (SAR) AI 59

The Fintech Times

DECEMBER 16, 2023

These e-wallets include Alipay (Chinese mainland), AlipayHK (Hong Kong SAR, China), Touch ‘n Go eWallet by TNG Digital (Malaysia), GCash (the Philippines), and TrueMoney (Thailand).

Cross-Border 69

Cross-Border SARS Cross-Border Payments eWallet 69

Fintech Finance

JULY 25, 2024

Mobile-savvy travelers from the Chinese Mainland, Hong Kong SAR, Europe, Malaysia and South Korea lead the European travel craze in terms of the number of transactions and total spending. The number of tourists who paid with their preferred home payment app via Alipay+ rose by over 30% during the championship period.

Cross-Border 98

Cross-Border Tax Refunds eWallet SARS 98

The Fintech Times

AUGUST 19, 2024

Since China took Hong Kong back from the British during the 1997 handover, the uniqueness of the Hong Kong Special Administrative Region (SAR) meant that under the ‘one country two systems’ policy, it continues to thrive thanks to its own strengths. As a result, Hong Kong SAR is the world’s largest offshore yuan financing centre.

FinTech 72

FinTech SARS Central Bank Cross-Border 72

The Fintech Times

APRIL 29, 2024

The partnership aims to enhance the travel experience for international visitors exploring the island destination of Jeju by providing convenient digital payment services and exclusive offers and contributing to boosting the local economy.

SARS 72

SARS Online and Mobile Banking eWallet Mobile Payments 72

PYMNTS

OCTOBER 27, 2016

are accustomed to submitting suspicious activity reports (SARs) to the government when fraud cases involving at least $5,000 take place. The goal is for the additional information to help combat the growing threat that digital crimes pose to the country’s financial system, Reuters reported on Tuesday (Oct. Banks in the U.S.

Suspicious Activity Report (SAR) 59

Suspicious Activity Report (SAR) Treasury Fincen SARS 59