Getting off the greylist

LexisNexis Risk Solutions hosted an event with the theme “Risk Ready Mauritius” to empower compliance professionals in Mauritius on 26 March.

Romance scamming has become a prevalent way to defraud lonely and vulnerable people, says LexisNexis Risk Solutions.

ThreatMetrix won the Most Innovative Fraud Prevention and Detection Solution of the Year award.

Throughout 2022, governments and international organisations imposed and enforced sanctions targeting countries, entities and individuals engaging in activities that threatened international peace and security.

As fraud levels and sophistication increase, it becomes more important than ever to classify fraud into different types.

High volumes of false positive rates can also stem from a cautious approach to risk management, says Jonny Bell, director of financial crime compliance and payments at LexisNexis Risk Solutions.

LexisNexis Risk Solutions has won two awards in Africa for its fraud and financial crime compliance solutions.

It is estimated that US$50 billion a year in illicit financial funds flows out of West African countries alone.

The fight against the growing threat of money laundering and terrorist financing is led by the Financial Action Task Force.