More from Banking, Financial Services & Insurance – Page 2
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NewsHigh-profile German Banker on trial for fraud
In a headline-grabbing trial taking place this week in Bonn, a top German banker, Christian Olearius, is facing accusations of involvement in a vast multibillion-euro tax fraud scheme known as “cum-ex” or dividend stripping.
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NewsRegulators will remain tough on financial crime despite global fall in violations
Regulators worldwide issued 97 fines related to financial crimes during this period, totalling $189 million. The downtick represents an 88 percent decrease from the previous year. Experts argue that this decline might be attributed to pandemic-related investigation backlogs and a heightened focus on strict compliance standards by financial firms.
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NewsID theft fraud up by almost 100% through 2022
Throughout last year, levels of ID theft almost doubled in the UK, according to new research.
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NewsID theft hits USA’s southern states most through 2022
New research has revealed that citizens in the southern states of the US suffered most from ID theft in 2022 compared with the rest of the country, with millennials most likely to be the victims.
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WebinarHow Financial Services Companies Can Protect Themselves Against Financial Crime
Webinar produced by GRC World Forums in association with Exterro
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NewsSocial media user data available for as little as $6 on Dark Web
A recent study has uncovered a thriving market for hacked social media and entertainment service accounts on the Dark Web, with accounts available for purchase to users for as little as $6USD each.
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NewsSurvey lists US identity theft hotspots
Rhode Island has been identified as the worst state in the U.S. for identity theft, according to a recent study.
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NewsEBRD and ACAMS work to enhance anti-financial crime training in Middle East and North Africa
In an effort to bolster anti-money laundering (AML) and sanctions compliance efforts, the European Bank for Reconstruction and Development (EBRD) and the Association of Certified Anti-Money Laundering Specialists (ACAMS) have partnered to provide more robust training programs in Egypt, Jordan, Lebanon, Morocco, Tunisia, the West Bank, and Gaza.
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WebinarInvestigating Financial Crime and Fraud: Technology Showcase
Conducting investigations involving financial crimes such as fraud, money laundering, political corruption, insider trading or cybercrime, can be very complex.
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WebinarThe Role of Disclosures in Risk Assessment and Management
Conflicts of interest (COI) management is an integral element of ethics and compliance programs.
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WebinarAfter the attack: There’s No Place for Guesswork in Cyber Attack Investigations (MEA Region)
Investigations are multiplying and diversifying – there are more of them, the data volumes are bigger, and the outspread is wider.
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EventFinCrime: Regional Focus with Exterro
FinCrime: Regional Focus with Exterro is a one-day livestream event, taking place on 24th November 2022, which will untangle the global financial crime landscape, focusing in on seven key regions.
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SponsoredApricorn — Blurred Boundaries: The ‘Consumer’ Scams That Could Be the Next Business Threats
Jon Fielding, Managing Director EMEA, Apricorn
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Feature5 Takeaways From the Basel AML Index 2022: ‘Depressingly Little’ Progress, But Some Grounds for Optimism
The Basel Institute on Governance released its 11th annual Basel AML Index on Tuesday, and the report presents a mixed picture of global attempts to tackle money laundering.
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WebinarInvestigative screening: How adverse media and other external data sources can be combined to make fast and effective risk decisions
Recent events have encouraged financial institutions and their regulators to pay closer attention to the role of adverse media (also known as negative news) screening in AFC risk management. But adverse media screening alone is not a panacea, and there are a range of other external data sources that can be leveraged to improve the process of alert resolution.
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WebinarConducting Investigations in a Zero-Trust Environment
Every day, organisations are faced with insider and outsider threats. Because of that, the Zero-Trust security approach is quickly becoming the standard for both corporations and Government agencies.
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FeatureThe Complex World of NFTs and Financial Crime
Non-fungible tokens (NFTs) are perhaps best known as a way to assign digital “ownership” to pictures of cartoon monkeys. But a new report from Elliptic claims that NFT-based platforms are being used to launder millions of dollars of illicit funds.
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FeatureCrypto Service Sanctioned In a Complex and Evolving Risk Landscape
Image Source: Imgur - The US Treasury Department has sanctioned a “virtual currency mixer” for failing to prevent money laundering by foreign cybercriminals. The developer behind the project was arrested in Amsterdam two days after the sanction was announced.
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FeatureAnother Bad Week Underlines Crypto’s Security Problem
Two crypto heists this week caused nearly $200 million in losses. Seemingly every week there are stories about similar incidents. But is there a security problem with the blockchain itself, or with the software and systems designed to facilitate its use?
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FeatureLaw Firm Fines Quadrupled Over Two Years, Mostly Due to Money-Laundering Compliance Failings
Data from the Solicitors Regulatory Authority (SRA) shows a substantial increase in the number and amount of fines issued to law firms. A look at the data reveals the main cause of the increase: law firms are failing to meet their obligations to detect and prevent money laundering.
