Tag: prevent
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EBA explores ways to prevent money laundering and terrorist financing
The European Banking Authority (EBA) is actively investigating and exploring strategies to prevent money laundering and terrorist financing in the European Union (EU). Money laundering, a criminal activity used to disguise the illegal origins of money, poses a significant threat to financial systems worldwide. It allows criminals to legitimize the proceeds from illegal activities,…
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Deduce raises USD 9 million to prevent AI-generated identity fraud
Deduce Raises USD 9 Million to Prevent AI-Generated Identity Fraud February 28, 2022 California-based cybersecurity company Deduce has announced a successful fundraising round, raising an impressive USD 9 million to bolster its efforts and technology in preventing AI-generated identity fraud. The funding will be crucial in strengthening Deduce’s mission to enhance online security measures and…