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Safaricom and Neural Win Award for M-Pesa AML

By Eric Priezkalns
Risk, Fraud & Security
Safaricom's improved AML monitoring has shut down criminal rings and passed details of suspects to the police.

Last week Neural Technologies and Safaricom were recognized at the Global Telecoms Business Innovation Awards for the anti-fraud, anti-money laundering (AML) monitoring they have implemented for M-Pesa, Safaricom’s wildly successful mobile money service.

Patrick Kinoti, Head of Revenue Assurance at Safaricom, said:

This project exceeded our expectations and I am pleased to have won this global award. Since its implementation, we have undertaken a number of investigations and closed down fraud and money laundering rings, and passed details of suspected criminals onto the authorities. It is both impressive and game-changing within the industry.

The award was one of several given in the ‘Mobile Infrastructure Innovation’ category.

Eric Priezkalns
Eric Priezkalnshttp://revenueprotect.com

During his career, Eric has been a Director of Risk Management for a national telco, the Chief Executive of the Risk & Assurance Group, a Chief Marketing Officer for a software business, a consultant, a public speaker and the publisher of Commsrisk since its launch in 2006. Look here for more about the history of Commsrisk and the role played by Eric.

The comms providers that Eric has worked for include Qatar Telecom, Cable & Wireless, T‑Mobile, Sky and Worldcom. In addition to his proficiency at speaking about the current scamdemic, Eric is also a qualified chartered accountant and a subject matter expert in consumer protection, enterprise risk management, fraud prevention, data integrity and billing accuracy. Eric was the lead author of Revenue Assurance: Expert Opinions for Communications Providers, published by CRC Press. He can be reached through the contact form on this website.

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