Tag: investigation
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Raiffeisen Bank undergoes AML controls investigation
At Raiffeisen Bank, one of the largest banks in Europe, there has been recent news of an investigation into their anti-money laundering (AML) controls. This comes at a time when financial institutions are under increasing scrutiny for their efforts to combat financial crime. What is AML? AML refers to the laws, regulations, and procedures designed…
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Lloyds to face AML controls investigation
Lloyds Banking Group is set to face an investigation into its anti-money laundering (AML) controls following alleged breaches. The Financial Conduct Authority (FCA) and the Serious Fraud Office (SFO) are reportedly looking into the bank’s AML procedures and controls after concerns were raised about potential gaps in its compliance. AML regulations are in place to…
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Valid8 Financial launches fraud investigation solution
Valid8 Financial, a leading provider of financial services and solutions, has announced the launch of a new fraud investigation solution aimed at helping businesses combat fraud and financial crime. The new solution, known as Valid8 Detect, leverages advanced technology and data analytics to identify and investigate potential instances of fraud within an organization. By analyzing…
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Tipalti investigating ransomware attack
Tipalti, a leading global payment automation company, announced on October 4, 2022 that they are currently investigating a ransomware attack on their system. The attack occurred late last month and is believed to have been executed by a sophisticated criminal organization. The breach has potentially exposed sensitive customer data, including financial information and personal details.…