Dear Subscriber,

In this issue of the PaymentEye e-newsletter James Richardson, Head of Market Development Risk and Fraud, Bottomline Technologies discusses how as well as stricter compliance issues, businesses are facing growing risks around cybersecurity and fraud.

James addresses the strategies that organisations can put in place to address the twin challenges of cyber fraud and regulatory compliance, as well as highlighting the common risk areas that businesses should address when reviewing existing procedures.

We hope you enjoy the issue.

The failure to keep pace with expanding compliance procedures has seen a rise in the number of financial penalties issued by regulators over the past few years. As anti-money laundering (AML), know-your-customer (KYC), counter-terrorism financing and other compliance obligations expand across different territories, organisations large and small have struggled to maintain adequate and comprehensive safeguards – often resulting in sizable fines and significant reputational damage.