U.S. Advisories Clarify Financial Institutions May Face Penalties For Facilitating Ransom Payment
Financial institutions play a critical role in the collection of ransom payments, two U.S. Treasury agencies …
EBA Rebuffs Strong Authentication Fraud Concerns
The way strong customer authentication currently operates opens opportunities for fraudsters, the industry has said, …
Western Union Fraud Victims Receive Further $147m Refund
U.S. authorities have handed out $147m to 33,000 victims of a fraudulent payment scheme related …
U.S. Agencies Unveil $17m Cryptocurrency Exchange Scam
Coordinated action by three U.S. agencies has uncovered a phishing and spoofing attack that exploited …
California Lawyer Pleads Guilty to Payment Processing For 'Sham Merchants'
Rudy Dekermenjian, a California-based lawyer, pleaded guilty before the U.S. District Court of Columbia, admitting …
Current System 'Too Easy' To Challenge Transactions - MPE Summer Week
Market players and regulators have warned the industry that collaboration is needed in the ecosystem to counter …
Bacs Out Of Scope For Second Phase Of Confirmation Of Payee
There are no plans to include Bacs payments in the second phase of the rollout …
EU: Directive on Combating Fraud and Counterfeiting of Non-Cash Means of Payment
The European Council adopted its position on non-cash fraud crimes by implementing Directive (EU) 2019/713 of …
FCA Likely To Diverge From EU On Dynamic Linking - UK Finance
UK Finance is confident that the country’s regulators will be flexible on the requirements for …