Suggested Read: Ukraine to Scale-up Fight Against Financial CrimesĪs a result of rapid digitization and the emergence of decentralized services, the financial markets are greatly evolving.Digital Ledger Technology (DLT) and Decentralized Finance (DeFi) are gaining popularity among stakeholders due to the unlimited opportunities and benefits they provide to users. The ministry is also working to put in place the necessary structures and methods to combat money laundering activities in the country. Khani stated that the MEFA intends to make a special unit for preventing money laundering cases in Iran. Iran has supported all FATF conventions with the exception of two, claiming that doing so would jeopardize its attempts to evade the unfair economic restrictions imposed by the United States. The FATF is a French-based organization that monitors international efforts to combat money laundering and terrorism funding. Khani was referencing Iran’s refusal to ratify all of the Financial Action Task Force’s (FATF) regulations. If Iran is not ready to accept some (money laundering) conventions, it is because of the political agenda that exists behind them,” stated the official. “This will signal to the world that Iran is taking important and fundamental steps in fighting money laundering. Hadi Khani asserted that this move shows Iran’s clear intentions in the battle against Money Laundering (ML) despite its reluctance to join international ML alliances and measures led by the US. “We have … sent this list to all banks, insurance firms, and the local stock market to warn them about the bad records of those individuals on money laundering,” said Khani. Head of MEFA’s Financial Intelligence Center Hadi Khani reported that 300 people had been discovered over the last five months who were suspected of having connections to money laundering networks. The Finance Ministry of Iran has released its first list of individuals suspected of having links with money laundering networks, signaling that the country is serious about fighting financial crimes. The company announced they are now in process of informing all the affected user about the breach in personalized emails, notifying what was compromised. “For the remaining 3.77M users the attacker got their email address and a hash of their password” As per them, 4.5 million such users used third-party logins (Facebook, Twitter, Google, etc.) to register and log into their accounts. Moreover, in their statement, Feepik stated that for some users the hacker took only user emails since not all accounts had passwords associated with them. Though Freepik didn’t issue any formal statement regarding when the breach took place, however, they informed the authorities as soon as they detected the breach and began the investigations about compromised data. According to Freepik, the hacker gathered usernames and passwords of the oldest registered users on Flaticon and Freepik websites. The security breach occurred as a result of SQL injection vulnerability to access one of the databases having user data, stated the company’s official statement. On Thursday, ZDNET reached out to Freepik and company officially disclosed a data breach on Friday (August 21, 2020) confirming the authenticity of emails being sent to registered users to notify about the breach. Perform seamless ongoing KYC with a selfie Verify the authenticity of a business entity User approval through a selfie consent note Validate AML schemes with updated datasetsĮxtract data from documents in any language Verify customers’ real address to avoid scams Verify users while maintaining data privacy Identity verification with NFC technologyĪuthenticate identity documents seamlessly Ensure that you are dealing with trusted entities
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