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5 Min Guide to Data Breaches

5 Min Guide to Data Breaches

5 Min Guide to Data Breaches So, how far is your data protected?? Percentage of Data breaches is enormous & this fraud increases exponentially in developed countries. As there are so many types of data breaches and it is difficult to monitor all breaches in real time because of which consumers feel insecure at the
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Essentials for Banking Fraud Management

Essentials for Banking Fraud Management

Banking Fraud today is a wave after wave of multi channel onslaught on banks. It can strike a bank anywhere and any time-through internet banking fraud, ATM fraud, credit card fraud, insider fraud, core banking fraud, money laundering and countless other forms of fraud. The threat of fraud keeps on growing even as banks try
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Understanding Financial Crime, its Implications & How to Combat it

Understanding Financial Crime, its Implications & How to Combat it

Financial crime is a serious criminal offense that is escalating at an alarming rate. Worldwide losses due to financial crime have been estimated to have crossed 3 Trillion USD. Banks worldwide have been struggling to identify and combat financial crime in order to minimize risks. Let’s have a look at the most common kinds of
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AML as a Service

AML as a Service

AML as a Service Past few months have seen a lot of activity from regulators, bankers and industry bodies alike towards curbing money laundering. Rules are becoming stringent and reporting more accurate. Then there were hefty fines levied on certain banks for non compliance with AML guidelines. During our conversation with bankers, it consistently emerged
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Financial Crime in South Africa!

Financial Crime in South Africa!

Financial Crime in South Africa is overwhelmingly omnipresent. According to Christopher Malan, Head of Financial Intelligence Center, South African banks have to work towards being more compliant in combating financial crime i.e. Terrorism Financing and Money Laundering. Four big banks of South Africa were fined for R125 million by the Reserve Bank for failing being compliant to the regulations. Banks
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