The true cost of financial crime isn’t financial – it’s personal

Financial Services has had a number of achievements in the fight against financial crime in recent years. In its recent report “Facing up to Financial Crime”, the Emerging Payments Association (EPA) looks at the state of financial crime and its impact on the payments market. But there is still more that can and should be done to prevent and reduce the impact of financial crime. The EPA’s findings, together with its influence in the payments industry, creates a new opportunity in the fight against financial crime. The opportunity to build an industry led digital identity scheme should be explored via collaboration across the financial services industry combined with engagement with government and regulators.

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