fraud
📢Canada🇨🇦 tightens Crypto Custody Standards to Mitigate Risks from Hacks, Fraud, and Governance Failures Paid Members Public
📢Canada🇨🇦 tightens Crypto Custody Standards to Mitigate Risks from Hacks, Fraud, and Governance Failures Custodians are now subject to a tiered regulatory framework imposing differentiated restrictions based on capitalization, supervisory controls, and operational resilience. ➡️ Under the new structure, top-tier custodians may hold up to 100% of their clients’ crypto assets.
🫦The European Payments Council plans to launch an anti-fraud platform with a female name Paid Members Public
🫦The European Payments Council plans to launch an anti-fraud platform with a female name The European Payments Council has unveiled FRIDA (Fraud Information Distribution Arrangement), a new initiative aimed at strengthening fraud prevention and information-sharing across the European payments ecosystem. The project is designed around a network of trusted organizations
🪬Europe: consumers value payment security over speed Paid Members Public
🪬Europe: consumers value payment security over speed Financial analysts from the Swiss company Vyntra🇨🇭have identified a new trend in the payments market after surveying over 1,000 European adults. ▶️Key insight: the industry’s long-held belief that transaction speed is a key driver of customer loyalty appears to be
🏴☠️Turkey 🇹🇷: financial intelligence agency to gain authority to freeze crypto accounts Paid Members Public
🏴☠️Turkey 🇹🇷: financial intelligence agency to gain authority to freeze crypto accounts A new bill aimed at combating crypto-related fraud is currently being drafted. If approved, the Ministry of Finance and Treasury (Masak) will be empowered to freeze suspicious accounts not only in banks, payment systems, and electronic money institutions, but
🏴☠️Anti-fraud: SWIFT and leading banks test the use of AI for data sharing Paid Members Public
🏴☠️Anti-fraud: SWIFT and leading banks test the use of AI for data sharing The tests were conducted on 10 million transactions involving 13 of the largest banks. ▶️ Among the participants were ANZ🇳🇿, BNY🇺🇸, and Intesa Sanpaolo🇮🇹, working alongside technology partners such as Google Cloud. ▶️The testing involved privacy-enhancing technologies (PET)
🙊Brazil🇧🇷 and the impact of advanced financial technologies: restrictions introduced for e-wallets with bank-like functions Paid Members Public
🙊Brazil🇧🇷 and the impact of advanced financial technologies: restrictions introduced for e-wallets with bank-like functions The more advanced the technology, the broader and more diverse the market becomes — and with that expansion comes closer regulatory scrutiny. In recent weeks, Brazil, home to Latin America’s most sophisticated instant payments system,
👍United Kingdom🇬🇧: FCA prepares to lift contactless payment limits Paid Members Public
👍United Kingdom🇬🇧: FCA prepares to lift contactless payment limits The UK Financial Conduct Authority (FCA) plans to allow card issuers to set their own contactless payment limits for their customers. For instance, this is already the case in the United States🇺🇸. ▶️This initiative is part of the 50 measures outlined
💀Fear and Loathing in the Asia-Pacific Region: Tether froze USD 49.6 million in funds linked to pig butchering scams Paid Members Public
💀Fear and Loathing in the Asia-Pacific Region: Tether froze USD 49.6 million in funds linked to pig butchering scams Demonstrating that stablecoin oversight can effectively disrupt illicit cross-border money flows, the crackdown brought together Chainalysis, Binance, OKX, and regional law enforcement agencies. ▶️Context: these freezing measures are part of