Tag Archives: aml compliance

$36.6 Million Loss: Are Money Mules at Helm of the Payment Fraud?

Crime typologies are shifting. Today, Fraudsters have a global reach and an easy access to vast data collected as a result of data breaches. This makes the problem pertaining to the security of consumers’ personal information never-ending. As we progress to 2018, fraudsters discover new ways to contaminate the space for more money providing an

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De-Risking Money Laundering

Money Laundering has become a critical outbreak which has significantly dampened the confidence of financial institutions (FIs). Collapses of high profile companies have increased the vulnerabilities of the effectiveness of corporate governance, quality of financial reports, and credibility of audit functions. Money laundering (ML) has been weakening the soundness of a country’s economy, as well

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