When it comes to credit, debit and pre-paid card use, consumer behaviour is changing – not least because of COVID19.
With all the COVID-19 headlines, it’s easy to miss the latest news on the old fraud favourite: credential stuffing.
As we continue life with COVID-19 around the world, our environment looks dramatically different from January 2020.
In May 2020, FinCEN issued an advisory to financial institutions alerting them to medical scams related to the COVID-19 pandemic.
Trade Finance, by its very nature, is linked to the maritime transportation cross-border movement of goods, and therefore faces increased scrutiny.
As more mainstream consumer and institutional investors embrace cryptocurrencies, it becomes increasingly more difficult, if not impossible, for traditional financial institutions to avoid entanglements with the crypto economy.
Due to the COVID-19 crisis and the recently adopted CARES Act, fraud and AML teams need to address the rapidly evolving financial crime landscape.