UK’s new fincrime law is a start, now banks need to step upBy Matt Neill
October 12, 2023
Financial crime costs the UK economy as much as £100bn each year, estimates the government, a figure that has steadily increased alongside the post-pandemic growth in online payments and digital banking.
When war broke out in Ukraine, legislation was rapidly introduced to impose sanctions faster and roll out ...
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...Read more