Addressing KYC and CDD Challenges: Effective Approaches for Compliance

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Know Your Customer (KYC) and Customer Due Diligence (CDD) are cornerstones of regulatory compliance, particularly in financial institutions. Designed to prevent financial crimes such as money laundering, terrorism financing, and fraud, these processes require organizations to verify the identities of their customers and assess the risk of engaging in business relationships with them. However, the…

Implementation of dMonitor at Mokka

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Mokka is a financing service operating in Romania, specializing in providing flexible payment solutions for online and offline shopping. Through the Mokka platform, customers can purchase products and services from various partner stores, with the option to pay in interest-free installments over a predetermined period. Mokka aims to simplify the purchase process, offering a convenient…

Social Engineering Fraud: Understanding and Mitigating the Threat

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Social engineering fraud is a sophisticated and manipulative tactic used by cybercriminals to deceive individuals and organizations into divulging confidential information or performing actions that compromise security. Unlike traditional hacking methods that exploit technical vulnerabilities, social engineering relies on human psychology and trust manipulation. This article explores the various types of social engineering fraud, how…

Employee Fraud: Understanding, Preventing, and Addressing the Silent Threat

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In today’s business landscape, employee fraud stands as a significant threat to organizations of all sizes. Defined as any deceptive act committed by an employee intended to result in personal gain, employee fraud can take many forms, including embezzlement, theft, insider trading, and falsification of documents. Understanding and mitigating this risk is crucial for maintaining…