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Fraud typologies all financial institutions should know

Abrigo

Variations include: Pig butchering scams Scammers build relationships with victims through social media or dating apps, persuading them to invest in cryptocurrency or other financial opportunities. These scams often take place on dating apps and social media.

Fraud 221
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Exploring Industry Shifts in Banking Compliance at XLoD

Perficient

The world’s leading financial institutions and regulators come together at XLoD to discuss the future of non-financial risk and control. They want to know how AI and machine learning can enhance the capabilities of compliance, legal, and risk professionals in managing non-financial risk.

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Vietnam Launches New Social Media App As Facebook Alternative

PYMNTS

Vietnam is introducing a social network similar to Facebook after the Communist-ruled government asked domestic tech companies to create substitutions. The social media company has teamed up with Sony Music Entertainment to feature music content, and aims to reach three million users in 2019 and 20 million by January 2021.

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Facebook Ireland Holds Up Dating Feature Over Regulator GDPR Compliance Concerns

PYMNTS

The DPC — which acts as the regulator for all of Europe — searched the social media giant’s offices in Dublin. Privacy regulators raised concerns that the new feature wasn’t compliant with the new General Data Protection Regulation (GDPR).

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Deep Dive: Why The Pandemic Is Pushing MENA Regulators To Upgrade Open Banking, Privacy Laws

PYMNTS

Consumers and businesses have been moving online in recent years, and regulators from the European Union to the Middle East and North Africa (MENA) region have worked to keep up with this migration. The pandemic is dramatically altering how merchants can transact, which data they can store and where they can store it, however.

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Thought starter: Top challenges accountants face and actionable ideas to solve them

Abrigo

Thomas focused on three key issues directly affecting the present and future of the accounting industry – increased regulations, a shifting workforce, and changing continuing education – as well as some thoughts on the opportunities these challenges offer. Image source: Rubiks.com. Blog Accountant'

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How AML Regulations Are Pulling Credit Unions Into Law Enforcement

PYMNTS

CUs are also actively communicating with law enforcement agencies, keeping regulators informed about suspicious activity, while receiving tips on noticeable trends that these same agencies are eyeing. AML Compliance Turns CUs Into Law Enforcement. However, their members are not the only ones with whom credit unions must regularly work.