Revolutionizing Financial Services with Tokenization In today’s digital era, how we perceive and manage assets is evolving rapidly. Tokenization, a transformative concept, holds the potential to revolutionize numerous industries, especially finance. But what exactly is tokenization, and why is it garnering so much attention? What is Tokenization? Tokenization involves issuing a digital [...]
Join us @Compliance & Payments Day 2024 12 December 2024 | Wyndham Grand Istanbul Levent Fineksus, a leading provider of financial technology solutions, is proud to announce the return of Compliance & Payments Day 2024, previously known as Compliance Day. Taking place on December 12th, 2024, at the Wyndham Grand Istanbul Levent, [...]
What is The “Grandparents” Scam? One disturbing and somewhat prevalent kind of fraud targeted on the elderly is the "Grandparents" one. Scammers take advantage of seniors' affection and care for their grandchildren. Usually presenting as a grandchild in need, these con artists use emotional manipulation to persuade their recipients to pay money immediately. [...]
What is Procurement Fraud? A major problem with great financial and reputation repercussions for companies and government bodies is procurement fraud. It happens when someone control the buying process in order to profit unlawfully either personally or through associates. Knowing procurement fraud and its several manifestations can enable companies to better guard themselves [...]
What is Online Gambling Fraud? A major problem in the digital era, online gambling fraud affects providers as well as gamers. The sophistication of illegal activity aimed at the sector increases along with the popularity of internet gaming. Knowing how online gambling fraud operates and its several forms will enable those involved to [...]
What is Customer Screening in AML? A crucial first step in anti-money laundering (AML), customer screening helps companies find and stop financial crimes including terrorism financing and money laundering. It involves cross-referencing client names against several databases, including sanctions lists and politically exposed people (PEP) lists, therefore verifying them. This screening is essential [...]
What is Corporate Screening in AML? Corporate screening for anti-money laundering (AML) is a necessary process helping businesses to prevent financial frauds. Knowing and using corporate screening will assist companies stay free from being victims of fraud, money laundering, and other illegal conduct perhaps seriously jeopardizing their finances and reputation. What Is Corporate [...]
What is Account Takeover Fraud? An increasing issue in the digital sphere, account takeover fraud (ATO) seriously compromises people and companies' security. Usually resulting in financial theft, identity fraud, and other harmful behavior, this kind of fraud happens when a cybercrime actor gets illegal access to someone's internet account. Understanding account takeover fraud [...]
Using AI and Machine Learning in Transaction Monitoring The battle against financial crimes like money laundering has grown increasingly difficult in the digital era of today. The complexity and number of contemporary financial transactions often overwhelm conventional approaches of transaction monitoring. But the scene of transaction monitoring is fast changing as Artificial Intelligence [...]
Money Laundering Through Online Gambling As criminals use online gambling's anonymity and worldwide reach to wash filthy money, money laundering through these platforms raises increasing questions. Effective fight of this threat depends on operators and authorities knowing the hazards and common strategies. Money Laundering Risks in Online Gambling Online gambling sites' worldwide character [...]
