The ideal payment system is frictionless, seamless and instantaneous – and free from the risks of financial crime. There’s the catch. As the financial world continues to get more complex and inter-reliant, the holy grail of simplicity and full regulatory compliance becomes seemingly more elusive....

Do you remember paying for things by paper check (that’s a ‘cheque’ if you’re reading this in the UK)? On the receiving end, remember the three-day wait, or more, while funds cleared? Thankfully those days are gone. On a personal level many people can access...

Forget keeping up with the criminals. The financial services industry needs to get ahead of them. But there’s an inherent challenge. Financial criminal behavior is by its nature active and creative. Meanwhile the established ways of countering fraud, money laundering or terrorism funding tend to...

And are your policy and compliance handbook still up to date? There was low-key but significant move in Colombo, Sri Lanka, recently. Reported on 6 October in Sri Lanka’s online Daily News*, the country’s Securities and Exchange Commission (SEC) and the Colombo Stock Exchange (CSE)...

The growth of sports betting in the US, since 2018 and especially since the end of the pandemic, has accelerated exponentially. There are serious consequences for public health across the nation. Sports betting is now lawful in 37 States plus DC. With this liberalization has...

In the financial services sector, political and security constraints seem to grow ever more complex. At the same time, more and more business is conducted digitally. Fraud and unintended breaches of compliance are ever-present hazards. The interaction between these forces affects more of us, and...