Colin Parsons
speaker
183 appearances
1 recordings
1 series
first heard Dec 2024
last heard Dec 2024
Colin Parsons’s voice in public audio — every appearance, attributed to the second.
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There's a lot of other jurisdictions that are like that.
Australia, Canada is kind of like that as well.
So that can make it a little bit easier to implement some of these fraud regulations or even new channels, new products.
So that's kind of helpful from that point of view.
But Europe does have such a wide variety of institutions, such a large number of institutions.
So I think some of the challenges that they'll see are similar to some of the challenges that we see in the United States.
Yeah, so I think...
The change to that $10 million limit will definitely see fraud kind of in that $1 million to $10 million range, just because at the end of the day, fraudsters...
aren't particularly picky about the way that they move their funds.
They want to get the money as quickly as possible.
So faster payment channels are good for that, but but they don't also want to make things as they want to make things blend in as much as possible.
So, you know, and if we see, we'll see that they'll typically choose the channels that are regularly used by the customers that they're, they're they're targeting.
So if they usually use wires, they'll probably send another wire, you know, wires, you can send,
millions of dollars through wires today.
Um, what we usually see in those larger dollar spaces is, um, things like business email compromise.
You know, if there's a large transaction that's being sent from a business potentially, uh, uh, you know, over a million dollar, uh, could be a real estate transaction or things like that.
Um, that's what we see in that area as well.
There's, there's potential for things like, um,
like high net worth individuals losing money via scams.
Those are kind of the things that I would anticipate that we'll see.
Showing 101–120 of 183 · page 6 of 10
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