Steve Goddard

In a new step to tackle financial crime, we’ve committed to 9 priorities with the National Crime Agency (NCA) for the UK’s regulated sector. This will help firms focus on the most serious threats, including: • Cash-based money laundering. • The exploitation of money mules. • Fraud linked to high-risk jurisdictions. Read more: https://lnkd.in/ey2dm--j #FinancialCrime #FinancialServices #FinancialRegulation

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PayPal-backed treasury and payments platform Finmo has secured authorisation as an Electronic Money Institution (EMI) from the Financial Conduct Authority (FCA) in preparation for a UK expansion. 📰Tyler Pathe reports 👇 https://lnkd.in/e3Rr6tzd #PayTech #Payments

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Coming soon! The FedNow® Service is adding the ScamClassifier(SM) model classifications to its fraud reporting requirements to help continue to provide a safe instant payment network and support the industry in combating potential scams. Find out more: https://lnkd.in/dWBxrC7P #FedNow #instantpayments #payments #paymentsindustry #FederalReserve 

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📢 Big news for digital identities - The UK Government has announced new guidance that will formally recognise certified digital identities as valid tools for complying with the UK’s Money Laundering Regulations (MLRs). This long-awaited move brings much-needed clarity for regulated firms using digital identities for AML and CDD. Here are the key updates ⤵️

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Fraud doesn’t wait. So why should your detection? If you’re still relying on post-disbursement audits to catch financial crime, you’re basically locking the vault after the thieves have left. Modern fraudsters act in seconds. Fintech lenders must be faster! In our latest blog, we break down how real-time fraud analytics, digital underwriting with layered risk checks, and AI-powered compliance tools are helping fintechs stop financial crime before it hits. Real-time is no longer a luxury. It’s survival. Learn how to go from reactive to real-time defense here: https://lnkd.in/gbUNDf9y #Fintech #DigitalLending #FraudPrevention #AI #Compliance #SigmaInfosolutions #FintechLenders #FraudAlert #DigitalSecurity

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First-party #fraud has overtaken #scams as the most reported fraud type across our global client base. Our expert, Stephen Topliss, explores what this shift means for fraud prevention teams, why UK mule activity is on the rise and how 1.5 billion human-initiated attacks may signal a calm before the next AI-driven fraud storm. Based on analysis of over 104 billion global transactions from the LexisNexis® Digital Identity Network®. Watch now for expert perspective on the year ahead. https://splr.io/6043sKzMX

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