News on regulation, fraud, and card scheme rules

Kevin Smith and Bill Trueman from Riskskill take a back-to-basics look at fighting financial crime and remind us what we are trying to achieve with AML.

Regulation alone cannot prevent wrongdoing in organisations. It’s time to put risk culture under the microscope and ensure it’s fit-for-purpose in 2020 and beyond.

It seems as if currently every company has a product claiming to have artificial intelligence built in, but that is not quite how it works. Hear from the Head of the Deloitte aiStudio what artificial intelligence in the real world really looks like.

In reaction to new fraud trends, Mastercard is constantly amending its Business Risk Assessment and Mitigation (BRAM) program. This time around their focus lies on COVID-19 scams, celebrity endorsements and electronic nicotine delivery systems (ENDS).

The future of risk management will likely be a combination of human with machines, rather than human versus machine. Hybrid models will deliver outcomes greater than the sums of their parts, as Christian Chmiel explains.

Especially in the current crisis, Steve Baker's exclusive interview for the 2019 RiskConnect Magazine on Deceptive Marketing has lost nothing of its relevance. That's why we have decided to republish it here for a broader audience.

We examine how Covid-19 is impacting regulators and regulated entities, especially acquirers and Payment Service Providers, in managing and mitigating the risks of financial crime.

Criminals adapt well. The Covid-19 crisis has shown how quickly they are able to invent new scams and re-purpose old ones. We examine some common Coronavirus scams and explain how acquirers and payment service providers can safeguard their businesses.

In Counter Strike: Global Offensive, the multiplayer online game, players can choose to be terrorists or counter-terrorists. Increasingly many of them are choosing to be money launderers.