Under new proposals, bank transfers could be delayed for an additional 72 hours in cases of suspected fraud
The creation of the Anti-Money Laundering Authority represents a significant step in policy.
As European regulators crack down on money laundering, Switzerland is the latest to announce reform and place a greater burden on banks.
Have financial institutions got the balance right between human and automated decision-making when it comes to fraud detection and management?
Rampant APP fraud raises thorny questions on liability for banks across the globe. Where will regulators head next in their bid to tackle the scourge of scams?
The guide provides a snapshot of regulatory frameworks and licensing schemes for payments in eight Asian markets — but it is no substitute for legal advice.
Consultations published by the UK payment systems regulator will answer practical questions about the incoming APP fraud reimbursement requirement.
While reimbursement for APP fraud is generally regarded as a positive step, it is crucial to recognise the profound impacts that go beyond the mere restoration of funds.
Risks facing banks whose businesses straddle highly regulated home markets and countries with ill-defined rules and lower transparency standards are growing.
Economic security issues have come to the fore, particularly in eastern Europe, as risks in the fintech space continue to evolve.
Data lies at the heart of combating fraud in the EU.
The UK’s highest court’s decision is a relief for banks, but their vigilance to customer fraud is still essential.
Small UK payment services providers may struggle under a mandated tighter time frame to reimburse victims of fraud.
Politicians are coming under fire for the country’s lax approach to fighting the financing of crime.
In an increasingly real-time world, how can companies better fight fraud?
The European Commission has suggested a new regulation requiring banks and payment services providers to offer instant payments across the EU.
Authorised push payment fraud, which can be difficult even to identify, needs to be tackled head on by banks and the wider finance industry.
Authorised push payment fraud has soared during the pandemic and banks are battling to find solutions.