Last, now, next: The trends shaping fraud and financial crime
Financial crime moves fast, and the tools to fight it have to move faster. Over the last five years, the methods used by criminals have grown more sophisticated, exploiting gaps in controls, cross-border transactions, and emerging technologies. According to the UK government’s Fraud Strategy 2026-2029, “fraud against individuals and business is the largest crime type […]
A complete guide to financial crime and AML compliance
Financial crime isn’t something happening on the fringes of the financial system anymore, it runs through it. From everyday fraud affecting individuals to large-scale money laundering operations moving billions, the scale and impact continue to grow. For regulated businesses, that creates a clear expectation: prevent it, detect it, and prove you’re doing both effectively. At […]
Nationwide handed £44m fine over weak Anti-Money Laundering (AML) and financial crime controls
Last week, Nationwide Building Society, the UK’s largest building society, was handed a £44m fine by the Financial Conduct Authority (FCA) for financial crime failings. For a business that has graced the British high street for over 140 years with a long-standing reputation of prudence and member focus, Nationwide has become the latest target of […]
ID-Pal shortlisted in three categories at the Payments Awards 2025
Leading the way in biometric authentication and AI fraud prevention ID-Pal has been shortlisted in three categories at the Payments Awards 2025: Biometric Authentication Innovation of the Year, AI-Driven Fraud Prevention Platform of the Year and Best Use of AI and Data in Payments. Now in its thirteenth year, the Payments Awards celebrate innovation and […]
ID-Pal shortlisted in four categories at the RegTech Insight Awards USA 2025
Looking ahead to the RegTech Summit 2025 We are delighted to announce that ID-Pal has been shortlisted in four categories at the prestigious RegTech Insight Awards USA 2025. Each year, RegTech Insights recognises the top companies in the regulatory technology space through its annual awards programme. These awards highlight both established providers and innovative newcomers. […]
What are the main types of financial crime?
Financial crime is a rapidly evolving threat that presents significant challenges for compliance and counter-fraud professionals. Understanding the diverse range of financial crimes, their associated risks, and effective counter-strategies is crucial for safeguarding the integrity of financial systems.
Will a cashless society be the end of financial crime?
The pandemic accelerated the shift to a cashless society, boosting digital payments but also increasing cybercrime and online fraud, highlighting the need for enhanced security and global collaboration to combat fraud.
ID-Pal Shortlisted in two award categories at the RegTech Insight Awards– Europe 2025
ID-Pal is delighted to have been shortlisted in two categories: Best Sanctions and PEPs Solution and Best Financial Crime Solution at the RegTech Insight Awards – Europe, but we need your help! This award is determined by a public vote, and we would deeply appreciate your support if you’d take a few minutes to cast […]
The Growing Risk of Financial Crime in Wealth Management
The Growing Risk of Financial Crime in Wealth Management: Trends and Solutions Wealth management firms are navigating an increasingly complex financial landscape where the stakes for combating financial crime are higher than ever. Fraud, scams, and money laundering not only pose substantial financial risks but also threaten client trust and regulatory compliance. To stay ahead […]
ID-Pal wins Best Financial Crime Solution Award
ID-Pal wins best financial crime solution award in second consecutive win at the RegTech Insight Awards USA 26th November 2024, USA: ID-Pal, a leading provider of identity verification and OFAC screening solutions, has been recognised once again as a trailblazing RegTech, winning the Best Financial Crime Solution award at the 2024 RegTech Insight Awards USA. […]
ID-Pal Exhibiting at Countering Financial Crime Conference
On 9th October 2024, the Isle of Man will host the “Countering Financial Crime Conference,” an important gathering for professionals dedicated to combating financial crime in today’s increasingly complex regulatory environment. Representing ID-Pal at this event will be Peter Davitt and Paul Agnew, who bring a wealth of experience in identity verification, fraud prevention and […]
ID-Pal is Exhibiting at IAFCS
ID-Pal is excited to announce we will be exhibiting at the upcoming International Anti-Financial Crime Summit (IAFCS) 2024 by AML Intelligence, taking place in London on October 9th. About IAFCS 2024 A sister event to the hugely successful Dublin based EAFCS conference, IAFCS is a premier event in the financial crime prevention sector, bringing together […]