Law Enforcement Cracks Down On Corporate Payments Fraud
PYMNTS
DECEMBER 23, 2019
Payments messaging technology provider SWIFT recently opened up its Know Your Customer (KYC) platform, the KYC Registry , directly to corporates. SWIFT’s decision to open up the registry also reflects the growing threat of fraud in corporate payments. About $2 million in fraudulent invoices were reportedly sent to the U.S.
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