Most Popular Content – Page 42
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NewsUK authorities eye crackdown on company formation agents’ laundering
The United Kingdom’s National Crime Agency (NCA) is planning a crackdown on company formation agents in a bid to tackle money laundering.
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NewsEU member states agree negotiating stance for ePrivacy regulation
European Union member states have agreed a joint position on the proposed ePrivacy regulation, allowing the EU President to open talks with parliament about the final text.
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NewsFive Eyes network warns ePrivacy directive change will make online child abuse easier
The intelligence-sharing network Five Eyes has reportedly warned that changes to the European Union’s ePrivacy directive will hamper efforts to combat online child abuse.
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ReportNot enough needles and too much hay: the problem with Suspicious Activity Reports
The FinCEN Files shed a light on a creaking system under which millions of reports of suspicious activity are filed to over-stretched authorities every year. FinCrime Report examines how to make it easier for government agencies to find the useful “needles” in the “haystack” of SAR reports.
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NewsAustralian government ordered to compensate asylum seekers for privacy breaches
The Information Commissioner and Privacy Commissioner in Australia, Angelene Falk, has found the Department of Home Affairs interfered with the privacy of 9,251 asylum seekers by mistakenly releasing their personal information
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FeatureGDPR vs data protection act – Spot the difference
With GDPR now adopted into EU law, we speak to Steve Sands, Chief Information Security Officer (CISO) and Data Protection Officer (DPO) at Synectics Solutions to highlight how it differs from the Data Protection Act, and the implications for business.
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NewsPhilippines strengthens AML and CTF law to meet FATF deadline
Philippine President Rodrigo Duterte signed a new law to boost the country’s anti money laundering and counter terrorist financing efforts ahead of a key deadline from the Financial Action Task Force (FATF).
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BlogThe complicated relationship between UK sanctions and Brexit
The sanctions regime in the United Kingdom and Europe is becoming much more complicated due to Brexit and compliance professionals are watching closely. The International Compliance Association and UK Finance explain more.
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BlogCum-Ex tax fraud: the difficulties and dilemmas in pinning blame
The Cum-Ex trading scandal led to governments in several western European countries losing billions of Euros in tax revenue. As fresh prosecutions get underway, Tom McNeill explains the difficulties in proving collusion between different parties.
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NewsUS seizes Iranian oil tanker over alleged terrorist group funding links
The United States has seized an Iranian oil tanker and is seeking a forfeiture order over alleged links to terrorist financing.
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NewsCrown Resorts deemed unsuitable to run $2.2bn Sydney casino due to money laundering concerns
Crown Resorts deemed unsuitable to run $2.2bn Sydney casino due to money laundering concerns
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News£4.5bn of unreported cash identified in UK as criminals exploit ‘cottage industry’ of shadowy company formation
A ‘cottage industry’ of company formation agencies is helping criminals launder billions of pounds in the UK, with £4.5billion of unreported income identified between 2012 and 2017, a report has revealed.
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NewsEpsilon agrees to pay $150m fine to DoJ for selling data to fraudsters
Marketing company Epsilon Data Management has agreed a $150m settlement with the United States’ Department of Justice (DoJ) to resolve a criminal charge for selling data on more than 30 million Americans to perpetrators of fraud schemes who were targeting older people.
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BlogBritish Airways and TalkTalk civil claims emphasise the need for data security vigilance
Following the ICO’s record fine for British Airways under the GDPR, Julian Hayes and Guevara Leacock, consider the potentially very expensive group claim civil action now being prepared.
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NewsBank of Russia reports ‘surge’ in illegal financial services offered online
The central bank of the Russian Federation has identified more than 1,500 organisations suspected of engaging in illegal financial service activity in 2020, as online fraud “surged” during the Covid-19 pandemic.
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Q&APrivSec Job Focus: Cristina Costache, privacy lead (EMEA), Strauss Coffee Bv
In our first reader-submitted Q&A, Cristina Costache describes the ever-changing nature of working in privacy
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Q&AFinCrime Job Focus: James Wilson, Chief Technology Officer, Red Flag Alert
In this week’s Q A, James Wilson, Chief Technology Officer at Red Flag Alert, describes his impatience for innovation and disruption
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NewsSwedish DPA fines police for unlawful processing of facial recognition app data
The Swedish Authority for Privacy Protection (IMY) has ordered the country’s police authority to pay a SEK2.5m ($297,000, €247,000) financial penalty for incorrect processing of personal data when using Clearview AI’s facial recognition technology to identify individuals.
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BlogUnderstanding the components of illegal wildlife trafficking
High profits and the perceived low risk of being caught makes the illegal wildlife trade attractive to criminals. Paula Krulicki of ManchesterCF explains how anti-money laundering teams should investigate the problem.
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NewsUS university suffers data breach
The names and social security numbers of around 9,800 students, alumni and applicants of private research Syracuse University in New York state have leaked.
