All News articles – Page 29
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NewsFCC proposes highest-ever fine for robocallers
The Federal Communications Commission in the US has announced it plans to order John Burkman, Jacob Alexander Wohl and J M Burkman & Associates to pay $5.13m (€4.37m) for making 1,141 unlawful ‘robocalls’ to mobile phones.
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NewsHong Kong breaks up money-smuggling gang
Customer officials in Hong Kong have arrested five men suspected of laundering about HK$170m (US$21.8m, €18.6m) in the first case customs has detected of an attempt to smuggle money out of the territory by driving over the border.
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NewsUS names three people for financial crimes in South America
The treasury department in the US has sanctioned three Paraguayans for money laundering and import-export offences based in the Tri-Border Area of Paraguay, Argentina and Brazil.
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NewsFootball authorities to receive $201m after corruption scandal
International soccer’s governing body Fifa and associated organisations are to receive $201m (€171m) seized by the United States’ justice department during a financial crime investigation into the way the sport was run.
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NewsAT&T refutes claims of data breach
Telecommunications company AT&T has denied claims that the personal data of 70 million of its customers were stolen by threat actor ShinyHunters.
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NewsDutch DPA conditionally allows data sharing in fight against fraud
The Netherlands’ data protection authority has granted more than 160 financial institutions a licence to share information about fraudsters to help fight financial crime.
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NewsHackers steal $97m from Japanese crypto exchange
Tokyo-based cryptocurrency exchange company, Liquid, has reportedly lost $97 million due to a cyber attack.
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NewsCompany owner jailed for Covid-relief fraud
Businessman Mukund Mohan of Clyde Hill, Washington state, has been imprisoned for two years after admitting fraud and money laundering to obtain $5.5m (€4.68m) from the US Paycheck Protection Program (PPP) and then hiding the proceeds.
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NewsHealth data-sharing scheme put on hold in UK
A government project to share more widely information held by family doctors (GPs) in England has been shelved for the time being, partly due to privacy concerns.
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NewsNew Zealand share trading platform cautioned on AML breaches
The Financial Markets Authority (FMA) in New Zealand has gone public with a formal warning to Sharesies for having insufficient anti-money laundering measures in place.
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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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NewsPakistan’s national sovereignty ‘compromised’ in cyber-attack
The “casual approach” of Pakistan’s Federal Board of Revenue (FBR) in hosting information on the cloud not only compromises the country’s sovereignty but could also have grave consequences for taxpayers, both domestically and internationally, according to tax practitioners.
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NewsT-Mobile hit with class actions after data breach
A pair of lawsuits have been filed against US telecom T-Mobile following a cyber-attack affecting more than 53m customers and prospective customers.
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NewsUAE establishes specialised money laundering court
Authorities in the UAE have set up a court in Dubai to focus on combating money laundering.
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NewsUS and Singapore to work more closely on cyber security
The United States has reached three memorandums of understanding (MoUs) with Singapore to better coordinate their response to online security incidents, part of improved cyber-security cooperation between the countries.
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NewsRansomware attacks on rise in Australia
Reported data breaches from ransomware incidents increased by 24% to 46 in the half-year to June, compared with the previous six months, according to the Office of the Australian Information Commissioner (OAIC).
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NewsChina adopts new privacy law
China’s legislature has approved an updated law on personal information protection, to take effect on 1 November.
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NewsJPMorgan Chase warns customers of data breach
US banking and financial services company has alerted its customers of a technical glitch that may have exposed the personal data of its customers.
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NewsBrooklyn Tech students uncover data breach
Students at Brooklyn Technical High School unintentionally discovered a data breach within the education department’s Google Drive.
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NewsGlobal AML fines fallen by 50% in 1H 2021
In the first half of 2021, global fines for anti-money laundering and data privacy compliance violations fell by over 50% year on year, but could swiftly rebound as financial crime continues, according to Fenergo.
