A recent report on Cyprus by MONEYVAL (the Council of Europe’s anti-money laundering body) asked for more aggressive procedures on tackling AML/CFT. It concluded that Cyprus understands the money laundering and terrorist financing risks that it faces to a large extent, albeit the understanding of terrorist financing risk is less comprehensive. MONEYVAL noted that major improvements are necessary, on various aspects, for the effectiveness of the Cypriot AML/CFT regime.
According to a 2019 LexisNexis cost of fraud study, whether you’re a massive institution or a small firm, you’re experiencing the effects of fraud. It affects all parts of the industry, and is increasing sharply everywhere.
Every sector is experiencing fraud differently. As you might expect, due to the large volume of transactions processed, mid/large banks continue to report the most fraud attempts (2,278 per month), with mid/large lending firms not faring much better (1,565 attempts per month).
ICA'S INAUGURAL MENA REGULATORY AND FINANCIAL CRIME COMPLIANCE CONFERENCE - #BIGCOMPCONVO2020
Dubai, UAE: The Infocredit Group is delighted to announce its sponsorship of the ICA Inaugural MENA Regulatory and Financial Crime Compliance Conference, 1-2 March 2020, Fairmont Hotel, Dubai. This sponsorship will allow the Infocredit Group and ICG MECOS – as a part of it - to play a key part in the big compliance conversation.
Infocredit Group is proud Sponsor of the AML/CFT and Financial Crime Conference taking place in Malta on 13th February 2020.
Infocredit Group and its strategic partner LexisNexis Risk Solutions are pleased to announce that they will be sponsoring ICA’s MENA Inaugural Conference, which will take place on 1-2 March 2020 at Fairmont Dubai, UAE.