Ratings agencies

Of all the dogs that failed to bark when the financial crisis loomed, credit rating agencies (CRAs) were the most notorious. Nicholas Kochan reports on the measures being introduced by global financial centres and regulators to improve their reliability and transparency. Tight regulation for credit ratings agencies (CRAs) is now …

Inadequate info sharing is hampering AML investigations, says NCA’s Toon

Slow and inadequate sharing of information between financial intelligence units worldwide is undermining money laundering investigations, said Donald Toon, head of the Economic Crime Command and the Cyber Crime Unit at the National Crime Agency. Toon said new powers contained in the Criminal Finances Bill would make it easier for …

Facial recognition software may aid banks in AML/fraud fight

Video evidence can be a powerful tool but banks have yet to acquire the technology to apply it to their anti-fraud systems, according to Facewatch. The company is using facial recognition software to help firms make better use of video and CCTV systems. Banks’ failure to centralise their CCTV systems …

Dover 58

The streets of the UK are paved in gold. Its fields are paved with rich pickings. These illusory images of life in Britain are sold to the citizens of some of China’s more remote parts in an effort to persuade them to part with unimaginably large sums of money. Some …

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