FinTech FinCrime Exchange

🕵🏼♂️ New Member Announcement 🕵🏼♂️ We are delighted to welcome lemon.markets as the latest member of the FFE! 🙌🏻 A little about lemon.markets: lemon.markets is on a mission to open 100 million brokerage accounts within the next ten years. Providing the infrastructure for FinTechs and Banks powering the next generation of investment products. Use the lemon.markets API to launch a customer-centric and compliant investment product on your terms. lemon.markets joins our global community of 300 FinTechs. 🤗 Please give Patrick Einsmann, Head of AML, MLRO, a very friendly welcome to the FFE family! 👋 To discover more about the FFE please visit us at https://hubs.ly/Q01zDkKG0 👀 FFE is powered by FINTRAIL | FFE established in partnership with Royal United Services Institute #FinTech #FinCrime #Exchange #FFE #Typologies#Community #Networking #AML #Compliance #Fraud #KYC #CTF #RedFlags #RiskIndicators #CrimePrevention

🕵🏼♂️ New Member Announcement 🕵🏼♂️ We are delighted to welcome Billhop as the latest member of the FFE! 🙌🏻 A little about Billhop: Billhop is a payment service that enables businesses across the EEA to pay their supplier invoices with their credit card. Billhop is a regulated payment institution based out of Stockholm, Sweden. Billhop joins our global community of 300 FinTechs. 🤗 Leanne P., UK MLRO, was an FFE member with her former company, and has rejoined with Billhop. 💪 Please give Leanne P. a very friendly welcome back to the FFE family! 👋 To discover more about the FFE please visit us at https://hubs.ly/Q01zDkKG0 👀 FFE is powered by FINTRAIL | FFE established in partnership with Royal United Services Institute #FinTech #FinCrime #Exchange #FFE #Typologies #Community #Networking #AML #Compliance #Fraud #KYC #CTF #RedFlags #RiskIndicators #CrimePrevention

🕵🏼♂️ New Member Announcement 🕵🏼♂️ We are delighted to welcome Capi Money as the latest member of the FFE! 🙌🏻 A little about Capi Money: Capi helps businesses in Africa pay their overseas suppliers. Importers of goods in Africa pay up to 10% to settle an invoice and wait weeks for the payment to arrive. They’re on a mission to give businesses in Africa the same price and speed as businesses expect in the US and Europe. Capi Money joins our global community of 300 FinTechs. 🤗 Please give Joe Fisher, Compliance Officer & MLRO, a very friendly welcome to the FFE family! 👋 To discover more about the FFE please visit us at https://hubs.ly/Q01zDkKG0 👀 FFE is powered by FINTRAIL | FFE established in partnership with Royal United Services Institute #FinTech #FinCrime #Exchange #FFE #Typologies #Community #Networking #AML #Compliance #Fraud #KYC #CTF #RedFlags #RiskIndicators #CrimePrevention

🕵🏼♀️ FFE Global Typology Virtual Meet up: July - Last Chance to Register! 🧑🏽💻 We are delighted to invite the FFE #community to the July #Global Virtual Meet up, taking place next Tuesday! 🙌🏻 🔹 We are thrilled to welcome Cifas to our next FFE meet up. Helena Wood, Director of Public Policy & Strategic Engagement, will present on their public policy work including the Cifas Fraud Pledges 2024, and then go on to discuss what the new change of government might mean for fraud policy. Brian Kinch, Strategic Accounts Director, will then give members an understanding of what Cifas can offer in fincrime compliance, and how they can support members' success in fighting financial crime. 👀 🔹 We are also excited to welcome Banking Circle's AML Intelligence & Investigations team to share a typology they recently identified. Lana Babenko-Smith and Tania Rodriguez will talk through the typology involving European entities sending an unusually large volume of EUR payments to Virtual IBANs held by Chinese companies. Based on the findings, it is suspected that Chinese "shadow banking" may be involved in potentially facilitating the laundering of fraud proceeds. Their presentation will cover the typology, how it was identified and what actions we took to mitigate the risk.🕵️♂️ 🔹 In addition, we are pleased to include Monzo Bank to share a typology involving invoice factoring fraud targeting multiple banks via a small organised crime ring. Aisling T., Senior Fincrime Manager, Business Banking, will discuss that as a smaller business bank, seeing a factoring fraud was difficult for their operations staff to spot. Aisling will share detail on how the group used pyramid-scheme like approaches to steal and then launder the proceeds of crime, including a rundown of the red flags that should have raised alarms even if the underlying fraud wasn't fully understood.  🚩  🗓 23rd July: 3:00pm - 5:00pm (BST), 10:00am - 12:00pm (ET), 10:00pm - 00:00am (SGT) ⏰ All FFE members welcome! 🤗 To register your interest in the FFE please contact us at [email protected] 📨 FFE powered by FINTRAIL | FFE in partnership with Royal United Services Institute #FFE #FinTech #FinCrime #Exchange #Global #Virtual #Meetup

👩🏽💻 FFE Jobs Board | Compliance Manager, London, Hybrid | OakNorth 👨🏻💻 A great #opportunity to join the wonderful team at OakNorth 🕵️♀️ #ApplyNow here 👉 https://lnkd.in/gSpmwf3V 🙌🏻 Or reach out to Phil Coole, to discover more about the role 🤗 #FinCrime #Nowhiring #JobSearch #Jobs

🚨 Here are five of the top global FinCrime stories from the past month. Read FINTRAIL's full monthly RegCap below 👇 and head to our website for previous editions. 1️⃣ The Financial Action Task Force (FATF) held its final plenary under the presidency of T Raja Kumar of Singapore. Jamaica and Turkey were removed from the list of jurisdictions under increased monitoring (the so-called “grey list”), while Monaco and Venezuela were added. 2️⃣ FATF is in the process of updating its guidance on National Risk Assessments (NRAs) in particular concerning money laundering NRAs, and is inviting contributions from the private sector, civil society and academia. 3️⃣ The EU has agreed a new sanctions package against Russia, which for the first time will target supplies of liquified natural gas (LNG), which several member states still import from Russia. 4️⃣ The Financial Conduct Authority (FCA) announced that it will delay the output of its review into the treatment of domestic PEP - now expected in July. 5️⃣ The Global Coalition to Fight Financial Crime (GCFFC) has published a Financial Scams Report: An Assessment of Scams in East Asia - in Australia, Hong Kong and Singapore. It identifies 20 main types of scams and analyses factors which make countries more attractive targets. #fintechnews #compliance #fraud #aml #financialcrime

👩🏽💻 FFE Jobs Board | Head of Compliance and Money Laundering Reporting Officer (MLRO), London | Countingup 👨🏻💻 A great #opportunity to join the wonderful team at Countingup 🕵️♀️ #ApplyNow here 👉 https://lnkd.in/e3rS7mCD 🙌🏻 Or reach out to Roshini Fernando, to discover more about the role 🤗 #FinCrime #Nowhiring #JobSearch #Jobs

👩🏽💻 FFE Jobs Board | Risk Analyst, London, Hybrid | Paysafe 👨🏻💻 A great #opportunity to join the wonderful team at Paysafe 🕵️♀️ #ApplyNow here 👉 https://lnkd.in/eGJ3ure6 🙌🏻 Or reach out to Zwelli Burns, to discover more about the role 🤗 #FinCrime #Nowhiring #JobSearch #Jobs

👩🏽💻 FFE Jobs Board | Merchant Risk Strategy Manager, London, Hybrid | Paysafe 👨🏻💻 A great #opportunity to join the wonderful team at Paysafe 🕵️♀️ #ApplyNow here 👉 https://lnkd.in/eSg3nb9q 🙌🏻 Or reach out to Zwelli Burns, to discover more about the role 🤗 #FinCrime #Nowhiring #JobSearch #Jobs

🕵🏼♀️ FFE Global Typology Virtual Meet up: July 2024 🧑🏽💻 We are delighted to invite the FFE #community to the July #Global Virtual Meet up. 🙌🏻 🔹 We are thrilled to welcome Cifas to our next FFE meet up. Helena Wood, Director of Public Policy & Strategic Engagement, will present on their public policy work including the Cifas Fraud Pledges 2024, and then go on to discuss what the new change of government might mean for fraud policy.  Brian Kinch, Strategic Accounts Director, will then give members an understanding of what Cifas can offer in fincrime compliance, and what is on the horizon for them in terms of supporting member success in fighting financial crime. 👀 🔹 We are also excited to welcome Banking Circle to share a typology they recently identified. Lana Babenko-Smith, AML Intelligence & Investigations Lead and Tania Rodriguez, Senior AML Intelligence & Investigations Analyst, will talk through the typology involving Italian, Portuguese and Bulgarian entities, sending an unusually large volume of EUR payments to Virtual IBANs held by Chinese companies. Companies at both ends of the payment were found to be potential shell companies. Based on the findings, it is suspected that Chinese "shadow banking" may be involved in potentially facilitating the laundering of fraud proceeds. Their presentation will cover the typology, how it was identified and what actions we took to mitigate the risk. 🕵️♂️ 🔹 And in addition, we are also pleased to include Monzo Bank, to share a typology involving invoice factoring fraud targeting multiple banks via a small organised crime ring. Aisling T., Senior Fincrime Manager, Business Banking will discuss that, as a smaller business bank with no invoice financing or factoring products, seeing a factoring fraud was difficult for their operations staff to spot. Aisling will share some information about financing and factoring products, and detail how the group used pyramid-scheme like approaches to steal and then launder the proceeds of crime, including a rundown of the red flags that should have raised alarms even if the underlying fraud wasn't fully understood. 🚩 🗓 23rd July: 3:00pm - 5:00pm (BST), 10:00am - 12:00pm (ET), 10:00pm - 00:00am (SGT) ⏰ All FFE members welcome! 🤗 To register your interest in the FFE please contact us at [email protected] 📨 FFE powered by FINTRAIL | FFE in partnership with Royal United Services Institute #FFE #FinTech #FinCrime #Exchange #Global #Virtual #Meetup