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The Fintech Times

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Unified Action Needed to Address Both Domestic and Cross-Border Fraud Risks Reveals Nasdaq Verafin

  • Fraud risks related to domestic and cross-border transactions are increasing, according to Nasdaq Verafin.
  • In 2023, $194.9 billion was moved across borders, contributing to the total fraud figure of $750 billion.
  • The report emphasizes the need for unified action to combat fraud and protect the financial system.
  • Nasdaq Verafin's cloud-based financial crime management solutions aim to prevent fraud and money laundering.

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