More From Financial Crime Threats
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NewsFacebook, Instagram and Telegram platforms of choice for illegal vaccine cards
Online fraudsters are heading to our favourite social media platforms to push cards that apparently guarantee the card’s holder has been fully vaccinated against Covid-19.
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Cryptocurrency fraud continues to plague UK
So far in 2021, news reports reveal that cryptocurrency fraudsters have cheated over £146m ($200USD) out of victims in Great Britain.
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New operation to protect next generation EU recovery funds
Launched at Europol, Operation Sentinel will contribute to a concerted response to an expected fraud wave.
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New scam exploits iPhone users looking for love
Researchers at Sophos Labs have unearthed a fake iOS cryptocurrency apps that has targeted US, European victims for at least $1.4 million.
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Europol shuts down network selling fake financial services
Law enforcement and judicial authorities from Bulgaria, Cyprus, Germany, the Netherlands and Ukraine, supported by Europol and Eurojust, teamed up against an organised crime group involved in binary fraud.
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Phishing scams via SMS on the rise
A new financial crime report has discovered a rise in phishing scams conducted via text message, an act known as smishing.
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New fraud hotline launched in UK
In a new pilot scheme to combat the surge in financial crimes consumers can now phone 159 to be connected to their bank and receive advice.
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US financial firms tread carefully in Afghan dealings
With a designated terrorist group the Taliban now in charge of Afghanistan, US banks and other financial service companies are being extra cautious in business they have in the country to avoid breaching sanctions on the Islamic group.
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SFO launches money laundering and fraud probe into care home investor
The Serious Fraud Office (SFO) in the UK is investigating entrepreneur Gavin Woodhouse plus individuals and companies associated with him for suspected money laundering and fraud.
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Flipkart faces huge fine for ‘breaking investment laws’
India’s financial crime agency has reportedly asked e-commerce giant Flipkart and others to explain why they should not face a INR100bn ($1.34bn, €1.13bn) penalty for allegedly violating foreign investment laws.
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Robinhood braced for multi-million fine in AML probe
Online trading app Robinhood said it expects to pay a $30m (€25.4m) penalty in relation to an anti-money laundering probe of its cryptocurrency business, according to a Securities and Exchange Commission (SEC) filing
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Nigeria becomes eagle eyed in reporting financial crime
The Economic and Financial Crimes Commission (EFCC) in Nigeria this week launched the Eagle Eye smartphone app to make telling it about economic and financial crimes easier.
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Banks in Latvia improve AML/CTF controls
Latvia’s Finance and Capital Market Commission says banks in the country have implemented numerous changes to improve their internal control systems.
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FinCEN has turned its attention to crypto
The U.S. Financial Crimes Enforcement Network ( FinCEN ) has identified cryptocurrencies as one of the anti-money laundering and countering the financing of terrorism ( AML / CFT ) priorities.
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Digitalisation increases cybercrime risk
The growth in digitalisation has led to a greater threat of falling victim cybercrime, according to respondents in a survey of the MENA region by data provider Refinitiv.
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Environmental crime is money laundering threat says FATF
Countries should view environmental crimes such as illegal forestry, mining, land clearances and waste trafficking – and the associated trading – as a money-laundering (ML) risk, according to the Financial Action Task Force (FATF).
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Head of Guernsey’s new financial crime agency seeks tougher powers
Kevin Davis, director of the Economic and Financial Crime Bureau in Guernsey, is working on acquiring greater powers to seize illegally acquired cash and property.
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FCA warns of dangers from unregistered crypto companies
The 111 crypto asset firms operating in the UK without registration pose a risk to the broader financial system, according to Mark Steward, head of enforcement and market oversight at the Financial Conduct Authority’s (FCA).
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Event
FinCrime World Forum deep-dives into corruption, dirty money, and the fight against kleptocracy
Today at FinCrime World Forum, award-winning investigative reporter and Financial Times investigations correspondent, Tom Burgis, discussed the inner workings of a growing global network of kleptocratic elites.
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Event
FinCrime World Forum focusses on the stark reality of financial crime facing the EU, with Europol’s Burkhard Mühl
Day two of FinCrime World Forum begins with an investigation into the sheer scale and complexity of the financial crime crisis facing governments across Europe and beyond
