Tag: financial crime
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FATF drops UAE off financial crime watchlist
The Financial Action Task Force (FATF) has announced that it is removing the United Arab Emirates (UAE) from its list of countries under increased monitoring for financial crime. This move comes after the UAE has made significant progress in addressing deficiencies in its anti-money laundering and counter-terrorist financing measures. The FATF, an intergovernmental organization that…
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Lucinity partners with Trustly to combat financial crime
Lucinity, a leading financial crime-fighting technology provider, has announced a strategic partnership with Trustly, a prominent online banking payments provider. This collaboration aims to revolutionize the fight against financial crime, offering enhanced security and protection to financial institutions and their customers. Financial crime such as money laundering, fraud, and terrorism financing poses significant risks to…
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Lynx gets EUR 17 mil to fight fraud and financial crime
Lynx, a leading technology company specializing in fraud prevention and detection, announced today that it has secured a funding of EUR 17 million to further enhance its efforts in fighting fraud and financial crime. This substantial investment will allow Lynx to expand its research and development capabilities, hire additional experts, and strengthen its global presence…
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FCA adds Metro Bank to its financial crime watchlist
FCA Adds Metro Bank to Its Financial Crime Watchlist In a recent development, the Financial Conduct Authority (FCA) has added Metro Bank to its financial crime watchlist, raising concerns about the bank’s anti-money laundering and fraud prevention efforts. This move highlights the growing emphasis on strengthening financial institutions’ risk management capabilities to combat illicit activities.…