In today’s fast-paced, interconnected world, adverse media screening has become an essential part of due diligence, compliance, and risk management for businesses. Companies increasingly rely on media to uncover potential risks about individuals or organizations they might engage with, especially to comply with stringent regulations aimed at preventing financial crimes, such as money laundering, fraud,…
KRUK Romania, the leader in debt management, consistently striving to enhance and streamline their processes, proactively aligning with all legal and regulatory requirements. Motivated by maintaining compliance at the heist level through a proactive approach in adopting automation to enhance efficiency, KRUK embarked on a quarterly portfolio scanning project, using the dMonitor platform. This decision…
Financial Crime, often referred to as FinCrime, has emerged as a significant threat to global economies. As financial systems become increasingly interconnected and digitized, the opportunities for criminal activities have expanded. From money laundering to cyber fraud, FinCrime not only jeopardizes the integrity of financial institutions but also poses risks to national security and the…
Artificial Intelligence (AI) is revolutionizing various industries, and one area where its impact is particularly significant is in Anti-Money Laundering (AML) efforts globally. Financial institutions and regulatory bodies are increasingly turning to AI to detect, prevent, and combat money laundering activities. Here’s how AI is reshaping AML practices worldwide. 1. Improved Detection of Anomalous Transactions…
As the iGaming industry continues to expand rapidly across the globe, understanding the varying legal landscapes in different regions has become increasingly important. Whether you’re an operator looking to enter new markets, a player seeking to understand where online gambling is legal, or an investor evaluating opportunities, it’s crucial to be aware of the diverse…
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…
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 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…
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…
