All articles by Carl Brown – Page 3
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NewsOxford University confirms cyber incident at Covid-19 research lab
Oxford University has confirmed reports of a cyber incident at a research laboratory that is researching how to counter the Covid-19 pandemic
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NewsIndonesia set to expand AML regulation for fintechs
Indonesia will soon approve a regulation to stem money laundering and terrorism financing by requiring more financial technology companies to report suspicious transactions, the head of its financial intelligence agency has said.
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NewsUK cyber fraud efforts ‘hampered by uncertain definitions and measurement’ warns think tank
A “worrying” lack of certainty about the definition, understanding and measurement of cyber fraud is hampering efforts to tackle cyber fraud, a United Kingdom think tank has warned.
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NewsFormer Europol director to kick off two days of debate at FinCrime World Forum
Sir Rob Wainwright will kick off two days of debate, insight and virtual networking at the FinCrime World Forum next month.
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NewsFurther $853m fraud reported at troubled Indian housing finance company DHFL
Indian finance company Dewan Housing Finance Corporation Ltd (DHFL) has reported a further fraud worth Rs 6,182 crore (around $850m) to the stock market.
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NewsFour-fifths of companies polled are ‘more concerned about nation-state cyber-attacks than five years ago’
Companies are growing increasingly concerned about the threats posed by nation-state cyber-attacks, with nearly 80% more concerned about becoming a victim than they were five years ago, according to research.
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NewsBig names lined up for next PrivSec Global event in March
Alistair Campbell, former New Labour government spin doctor and Anthony Scaramucci, former White House director of communications, are among the big names speaking at the PrivSec Global live stream experience next month.
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NewsGermany, Portugal and Romania warned to bring AML laws into line with rest of Europe
The European Commission has sent formal letters of warning to Germany, Portugal and Romania urging them to bring their anti-money laundering (AML) laws into line with European Union directives “correctly”.
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NewsCash payments to UK universities raise money laundering concerns
Financial crime experts have raised concern about the number of universities in the UK which accept cash payments from students from countries with high money-laundering risks.
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NewsFines for AML non-compliance only work in 'limited circumstances', say half of specialists polled
Monetary penalties for anti-money laundering (AML) compliance failures are only effective as a deterrent in “limited circumstances”, more than half of specialists polled in a survey have said.
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News‘Record year’ for UK cyber security sector as number of firms increases 21%
The number of active cyber security firms in the UK has surged 21% in a year, a government-commissioned report has found
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NewsHong Kong eyes greater scrutiny of capital flows involving Chinese officials, following FATF criticism
Hong Kong is proposing to expand scrutiny on “politically exposed persons” (PEP) to officials from the rest of China, following recommendations from the Financial Action Task Force (FATF).
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NewsSilicon Valley privacy company Titaniam launches ‘always on’ data encryption product
Titaniam has announced the release of a product which utilises “always on” data encryption.
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NewsDenmark improves FATF compliance overall but downgraded on efforts to regulate VASPs
Denmark’s efforts to improve its anti-money laundering (AML) legislation have been rewarded with a higher technical compliance rating in five areas, but has been downgraded on its efforts to curb Virtual Asset Service Providers (VASPs)
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News“Fishrot Files” corruption and laundering probe into Norway’s largest bank DNB dropped
Norway’s largest bank DNB has announced it is no longer being investigated by the country’s financial crime watchdog over alleged links to bribery and money laundering
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NewsEU-UK data adequacy decision proposal ‘expected within days’
The European Commission is widely expected to propose data adequacy for the UK within days.
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NewsClubhouse app reviews data protection practices following concerns about potential Chinese government access
High-profile US app Clubhouse has pledged to review its data protection procedures after academics warned it contained security flaws that left users’ data at risk of being accessed by the Chinese authorities.
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NewsBank of Russia reports ‘surge’ in illegal financial services offered online
The central bank of the Russian Federation has identified more than 1,500 organisations suspected of engaging in illegal financial service activity in 2020, as online fraud “surged” during the Covid-19 pandemic.
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News£4.5bn of unreported cash identified in UK as criminals exploit ‘cottage industry’ of shadowy company formation
A ‘cottage industry’ of company formation agencies is helping criminals launder billions of pounds in the UK, with £4.5billion of unreported income identified between 2012 and 2017, a report has revealed.
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NewsYellen warns of ‘explosion’ in fraud, cybercrime, cryptocurrency misuse and laundering
The new US Treasury Secretary has warned of the need to tackle rising financial crime, cryptocurrency misuse and cyber attacks.