All articles by Carl Brown – Page 8
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NewsFinCEN proposes lowering ‘Travel Rule’ threshold for international transactions to $250
US financial institutions will be required to collect, retain and transmit certain information about international fund transfers worth as little as $250 under a new rule outlined today in a joint notice by the Financial Crimes Enforcement Network (FINCEN) and Federal Reserve Board.
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BlogGermany unveils tough new AML law in bid to boost prosecutions
The German government has adopted draft legislation aimed at boosting money laundering prosecutions.
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NewsUK Treasury Committee announces fresh inquiry into financial crime
An influential cross-party group of lawmakers in the UK has launched a follow-up enquiry into financial crime following the release of the FinCEN Files last month.
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NewsGermany unveils tough new AML law in bid to boost prosecutions
The German government has adopted draft legislation aimed at boosting money laundering prosecutions.
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FeatureIdentifying, verifying and authenticating customers in banking
PrivSec Report looks at some of the identification and verification technologies currently being used to ensure privacy and security in an increasingly complex banking landscape while ensuring user experience remains positive.
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ReportIdentifying, verifying and authenticating customers in banking
GRC World Forums looks at some of the identification and verification technologies currently being used to ensure privacy and security in an increasingly complex banking landscape while ensuring user experience remains positive.
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NewsHalf of large companies to adopt privacy-enhancing computation by 2025
Half of large organisations will implement privacy-enhancing computation for processing data in untrusted environments within five years, Gartner has predicted.
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NewsFinCEN fines early Bitcoin mixer operator $60m
The Financial Crimes Enforcement Network (FinCEN) has fined the founder and operator of Helix and Coin Ninja $60m.
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NewsIAB Europe warns of ‘chilling effect’ on open-source compliance solutions if GDPR breach interpretation upheld
Digital advertising association IAB Europe has hit out at a preliminary report by the Belgian Data Protection Authority finding that its ad tracking consent framework does not comply with GDPR.
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Article20 arrested across Europe in ‘unprecedented’ international operation against laundering network
Law enforcement authorities from 16 different countries have disrupted the QQAAZZ money laundering network, carrying out 40 house searches and arresting 20 suspected members of the group.
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NewsFinCEN publishes new typologies to help firms detect money laundering linked to human trafficking
The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has published new information on typologies and indicators to help compliance teams combat the “horrific toll” of human trafficking.
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NewsBritish Airways fined £20m over data breach
The Information Commissioner’s Office (ICO) has fined British Airways (BA) £20m for failing to protect the personal and financial details of more than 400,000 of its customers.
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Q&AFinCrime Job Focus: Matthew Redhead, researcher and writer
In our latest reader-submitted Q&A Matthew Redhead explains how financial crime can get the emotional juices flowing
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FeatureThe skills needed in the FinCrime team of the future
Becky Marriott’s financial crime fighting journey to date includes working on security in warzones, threat intelligence at the 2012 Olympics, tracing global sanction evasion networks and investigating ISIS. Now at digital banking services provider Tide, Marriott discusses the skills needed to equip the financial crime teams of the future.
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NewsAUSTRAC plans A$100m regulatory system overhaul and more enforcement action
AUSTRAC will overhaul its regulatory system using A$100m of new funding and step up enforcement action, a senior figure at the Australian financial crime regulator has said.
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NewsFATF flags Chinese FIU’s lack of powers to tackle AML
China’s decentralised Financial Intelligence Unit system lacks the power to analyse suspicious activity adequately, a Financial Action Task Force (FATF) report has said.
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NewsLeicester textile firms ‘involved in money laundering and VAT fraud’
A network of clothing manufacturers in Leicester has been involved in money laundering and VAT fraud, a BBC investigation has found.
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NewsUS attorney general raises concern about criminal and terrorist exploitation of cryptocurrency
The US attorney general has raised concern about criminal uses of cryptocurrency in a taskforce document outlining the problem.
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NewsTrickbot ransomware distributor taken offline following court order
An infamous botnet and distributor of ransomware has been taken offline following a US court order, Microsoft has said.
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NewsPWC Middle East launches DIFC-backed data protection compliance tool
PwC Middle East has launched a data privacy assessment tool to help companies in Dubai comply with new data protection legislation.