Most Popular Content – Page 47
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Q&AFinCrime Job Focus: Francesa Dowling, Head of Compliance, Amaiz
In our latest reader Q&A, Francesa Dowling argues that compliance should never be seen as a tick-box exercise
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NewsFATF executive secretary calls for end to AML ‘box-ticking’ culture
The executive secretary of the Financial Action Task Force has said there is a need to ensure Anti Money Laundering (AML) professionals “stop just ticking boxes”
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NewsTwo charged with bribery and laundering over plan that ‘generated $65m in profit’ through Ecuador pension scheme
Two men have been charged in the United States for their role in a bribery and laundering scheme to make illegal profits from a public police pension scheme (ISSPOL) in Ecuador
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AnalysisUAE’s AML journey: radical change or more of the same?
The United Arab Emirates has long been a magnet for illicit funds, for a whole host of often deep-rooted economic, historical, geographical and cultural reasons. But with the Financial Action Task Force calling for urgent action, the Gulf state has recently shown signs of flexing its regulatory muscles, but can it really adequately tackle financial crime?
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NewsVirginia becomes second US state to enact comprehensive data privacy law
Virginia’s Consumer Data Protection Act, which will force companies to give consumers the right to opt out of data collection, has this week been signed into law.
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BlogBrexit, freedom, and financial crime: a pyrrhic victory?
At the eleventh hour, the European Union and the United Kingdom have signed an agreement that, among other things, continues cooperation on financial crime. But how does its effectiveness compare to what it replaces? asks John Binns
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NewsMoney laundering warning over UK freeport plan
The United Kingdom government’s plan to set up eight freeports have prompted concerns of potential increased money laundering risks.
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NewsCJEU rules electronic communication location data must only be used in investigations of ’serious crime’
Location data drawn from electronic communications must only be used by law enforcement investigations involving ‘serious crimes’ and to prevent ‘serious threats to public security’, the European Court of Justice (CJEU) has ruled.
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News South Africa’s regulator clamps down on Facebook’s contact-sharing
Social media giant Facebook cannot share any contact information it collects from WhatsApp users in South Africa with its other business without obtaining authorisation from the country’s Information Regulator (IR), the watchdog has ruled.
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NewsBusiness Update: Kape Technologies officially acquires Webselenese following three year partnership
The acquisition is said to provide a more comprehensive view on privacy and security issues to help consumers make the best decisions possible. (press release)
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NewsCryptocurrency fraudster pleads guilty to money laundering and $16m fraud
Swedish national Roger Nils-Jonas Karlsson is facing up to 20 years in jail in the US after admitting defrauding 3,500-plus people of more than $16m (€13m).
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NewsUS state accused of excessive data collection prior to breach
Lawmakers in Washington state have questioned the extent of information collected by the state’s Employment Security Department (ESD) for fraud-monitoring purposes.
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NewsFrench DPA launches programme to assess audience measurement solutions for consent exemptions
France’s data protection authority has launched a programme to help determine whether specific audience measurement solutions are exempt from collecting user’s prior consent.
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NewsSwiss voters reject digital identity scheme amid data privacy trust concerns
A majority of voters, 64.4%, said no in a referendum to an electronic identity (eID) scheme which would be licensed and controlled by the Swiss government but provided mainly by private companies.
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NewsDEA warns of rise in illicit drug money laundering through virtual currency ATMs
Virtual currency ATMs are increasingly being used to launder illicit drug proceeds, a federal agency in the United States has warned.
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BlogBrexit trade agreement fails to replicate financial crime information-sharing
The Trade & Co-operation agreement will see the UK lose access to information but hopefully common sense will prevail, writes Michael Hatchwell
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NewsItalian government body fined for data breaches while investigating Covid-19 relief scandal
Italy’s social security and pensions agency Istituto Nazionale della Previdenza Sociale (INPS) has been ordered to pay €300,000 for contravening privacy protection laws when investigating politicians claiming state aid during the coronavirus crisis.
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NewsBusiness Update: Aqua Security announces $135 million in series E funding at a $1 billion valuation
Aqua plans to use the investment to fuel continuing growth of the cloud native security leader, driving product innovation and expanding market presence. (press release)
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NewsUkrainian oligarch and former governor sanctioned over alleged corruption
The United States Secretary of State Antony Blinken has sanctioned Ukrainian oligarch and former governor Ihor Kolomoyskyy, who has business interests in the United States, over alleged corruption
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NewsSwedish police fear Covid-19 gambling rules could spark money laundering rise
Money laundering could rise in Sweden’s gambling sector this year because of increased use of unlicenced gaming companies, the country’s financial police have warned in a report.
