Compliance

Banks and the changing nature of fraud

To effectively predict and detect fraudulent activity, banks must recognize the wide range of tools at criminals’ disposals and the technological and social developments that are making fraudsters’ jobs easier.

What you can learn from tech giant’s data protection mistakes

The French data protection authority imposed a fine of 50 million euros against Google for violating the EU’s General Data Protection Regulation (GDPR) principles. What does this decision mean for your business, for your website and for your processes?
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The role of corporate culture in the fight against money laundering

Driven by high regulatory requirements and expectations, scandals that have become public, expensive investigations as well as the underlying reputational risks, financial institutions have been investing heavily into their anti-money laundering setups.
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Money laundering: high risk countries also in Europe

The Financial Action Task Force is constantly updating its country risk assessment. Whilst the list of high-risk jurisdictions include the usual suspects, there is surprisingly one European country on the list, making this is another challenge to be tackled by financial intermediaries.
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Combating money laundering: Switzerland shifts to a higher gear

The Swiss Federal Council has ratified the FDF’s draft of the Anti-Money Laundering Act (AMLA) in June 2018 and issued the corresponding draft for consultation until 21 September 2018. The planned amendments to the AMLA address the weaknesses identified by the Financial Action Task Force.

Donor fraud is on the rise. How can you protect your organization?

Donor fraud is on the rise, but today’s charitable and nonprofit organizations aren’t doing enough to protect themselves. Tracking how and where the donations are spent is just the tip of the iceberg. Monitoring who the donor is and where the money comes from – is equally important.
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