John Scanlon discusses the wildlife/FinCrime nexus at FinCrime World Forum
Before a global audience, Australian lawyer John Scanlon today presented his experiences of the illegal wildlife trade, and explored how the illicit industry props up international financial crime.
China arrests more than 1,000 in cryptocurrency money laundering case
The Ministry of Public Security in China has detained around 1,100 people on charges of using cryptocurrency to launder money.
FCA goes real-time to warn about online fraud
Britain’s Financial Conduct Authority (FCA) sweeps the internet several times a day to check for online scams and then issue warnings within 24 hours, an official of the financial regulator told a Parliamentary committee.
Keynote: Tackling the devastating impacts of wildlife trafficking
John Scanlon has been leading the charge to tackle wildlife trafficking and in June he will talk about the issue at FinCrime World Forum. Here, he explains how he is campaigning for a change to a key United Nations Protocol and how the Covid-19 pandemic has shone a spotlight on the issue
Banking fraud soars 159%
New report reveals that banking fraud attempts has increased by 159% from the final three months of 2020 to Q1 2021.
US defence contractor to pay $50m to settle fraud allegations
Military vehicle manufacturer Navistar Defense has agreed with the US department of justice (DoJ) to pay $50m (€41m) to resolve allegations it fraudulently induced the country’s Marine Corps to modify at inflated prices a suspension system contract for mine-resistant, ambush-protected armoured vehicles.
Pooling obligations through fincrime utilities can help us be the ‘gatekeeper’
Helene Erftemeijer, ahead of her talk to GRC World Forums next month, discusses an innovative collective transaction monitoring project in the Netherlands and why we must break down siloes to keep up with the criminals
Cyber-criminals target Texas unemployment system
A cyber-criminal gang has shared a 13-page tutorial explaining how to successfully commit unemployment identity fraud in Texas.
OCC warns of fraudulent emails seeking access to Bitcoin wallet keys
The regulator stated that it did not send the messages nor does it hold any funds for individual benefit.
The key theme: Aligning RegTech to FinCrime realities
Interest is growing in the use of RegTech solutions in financial crime and this will be a major topic at FinCrime World Forum next month. Here we take a look at some of the major technologies and techniques that could be utilised as well as some of the barriers to adoption
