More From Financial Crime Threats – Page 3
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NewsGrowing cyber-threat is causing anti-fraud analytics to surge
New research has shown that rapidly increasing cases of online fraud, a situation made worse by the pandemic, has prompted more insurers in the US to turn to predictive algorithms and digital identity technology to stem the tide.
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NewsFinancial services and lending firms suffering under spiralling fraud costs
A new report into fraud on financial institutions in the US and Canada has found that many sector organisations are continuing to foot big bills as a result of the criminal activity.
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NewsBlockchain venture boosts jobs and crypto usage in Kansas, US
Residents of the US state of Kansas are benefiting from access to cutting-edge crypto technology thanks to a new venture by the cryptocurrency platform, Blockchain.
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NewsNew analysis explores cyber insurance landscape through 2021
A new report has provided deep analysis of the cyber insurance market to give insight into the sector’s huge changes and risks and how these have been driven by the pandemic.
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NewsDay two of FinCrime Global delves into RegTech’s role in the fight against financial crime
FinCrime Global second day brought more global experts together to discuss the key themes defining the financial crime landscape today.
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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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NewsCryptocurrency 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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NewsNew 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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NewsNew 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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NewsEuropol 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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NewsPhishing 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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NewsNew 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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NewsUS 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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NewsSFO 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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NewsFlipkart 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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NewsRobinhood 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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NewsNigeria 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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NewsBanks 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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NewsFinCEN 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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NewsDigitalisation 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.
