Open banking's PSD2: Open Trust vs. Open Abuse
Open banking is what it says on the tin. It empowers retail consumers and SMEs within the EU to have open access to their bank accounts through FinTechs intermediary functionality, then takes control of their current account data to view or initiate payments permitted via registered or regulated TTPs (Third Party Providers). Enabling consumers to be better informed of what products and services outside the offering of their traditional banking relationships.
Money Laundering Risks in the Australian Real Estate Industry
Australia’s real estate market is fertile ground for criminals looking for money laundering opportunities. This white paper covers several key themes such as the current government legislation regarding the real estate industry (or lack thereof), a comparison of Australia’s AML framework with five countries’ best-practice approaches, and a number of recommended strategies for addressing the deficiencies.
Case Study: LYSIS & NAPIER Transaction Monitoring
Lysis Operations Case Study. The challenge: A requirement to have an effective transaction monitoring framework, operational controls and processing to manage and monitor payments across Europe and to establish a solution which can adapt and iterate with the constantly-changing regulations and requirements.