Search results for "anti-money laundering "

September 29, 2022
ECB Holds Off on P2P Digital Euro Transactions

A digital euro might be based on blockchain technology, but it will require middlemen to validate transactions, at least to begin with. The core purpose of blockchain cryptocurrency, as described...


September 29, 2022
Want to Stop Crypto Hacks? Make Them Reversible

What if an immutable and irreversible cryptocurrency transaction wasn’t? That’s the idea trio of Stanford University researchers proposed this week as a way to combat the seemingly constant string of...


September 28, 2022
CFTC Lawsuit Aims to Rein in DeFi

A pair of lawsuits by the Commodity Futures Trading Commission (CFTC) could upend the decentralized finance (DeFi) industry as we know it, making the projects ungovernable and threatening anyone who...


September 25, 2022
UK Government Eyes Crypto Opportunity With ‘Agile’ Legislation

Little has been heard from Rishi Sunak since losing the Tory leadership race to rival Liz Truss, now Prime Minister of the U.K., earlier this month. While his withdrawal from...


September 22, 2022
Cloud-Banking Firm Mambu, Metoda Finance Team to Offer Banking Compliance...

Italy’s Metoda Finance has partnered with German cloud-banking platform Mambu to improve regulatory compliance for Italian financial institutions (FIs) making the digital transformation, a press release said Thursday (Sept. 22)....


September 22, 2022
UK Bill Will Make It Easier to Seize Crypto in...

A proposed law in the U.K. will make it easier for law enforcement to seize, freeze and recover cryptocurrency used by criminals to launder profits from illegal activity. The bill,...


September 22, 2022
Today in the Connected Economy: Nasdaq Keeps Closer Eye on...

Today in the connected economy, Nasdaq is reportedly examining companies’ initial public offerings (IPOs) after some companies saw massive gains and big drops in quick succession. Also, buy now, pay...


September 22, 2022
DOJ Asks Congress For Tools To Regulate NFTs

Down at the very bottom of the crypto crime report the Justice Department issued last week was a request that could make it a lot harder to buy and sell...


September 22, 2022
DOJ Asks Congress for Tools to Limit NFT Money-Laundering Risk

Down at the very bottom of the crypto crime report the Justice Department issued last week was a request that could make it a lot harder to buy and sell...


Digital Fraud
No Phishing: Multilayered Defense Best Way to Keep Fraudsters Empty-Handed Social media scraping and automated fraud attacks have deemed old-school single-layer defense systems ineffective. In this month’s Digital Fraud Tracker®,” done in collaboration with and supported by PayPal, Georgetown cybersecurity Prof. Chuck Brooks tells PYMNTS how a mix of drills, training and separated siloes are the best way to send phishermen home empty-handed.
Credit Union Innovation Playbook: Data Analytics Edition

The Credit Union Innovation Playbook, in collaboration with PSCU, delves into the innovation agendas of players in the credit union ecosystem. Each edition of the Playbook hones in on a specific innovation focus, exploring the differences between how credit union members and leaders prioritize innovation in four select areas: risk and fraud, digital banking, data and analytics, and loyalty.