Culture & Conduct, Digital & Resilience, Regulation & Supervision

Neobanks’ poor compliance fuels rise in digital fraud

By Giovanni Legorano
Image via Getty

Lax compliance processes at neobanks risk contributing to a rise in digital payments for money laundering, Europol has said.

In its first-ever report on financial and economic crime in the EU, the bloc’s law enforcement agency said ‘challenger’ banks had often grown too quickly at the expense of ...

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