All News articles – Page 32
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NewsNamibia moves to introduce unexplained wealth orders
The Financial Intelligence Centre (FIC) in Namibia is working on introducing unexplained wealth orders to help prevent financial crime.
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NewsCourt stops RNZ using more hacked material
Public broadcaster Radio New Zealand (RNZ) has been ordered by the country’s high court not to use any more information stolen in a cyber-attack on Waikato District Health Board (DHB) last May.
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NewsSyrian ‘bribed to win lucrative Venezuelan contracts’
Naman Wakil of Syria conspired with others to bribe officials at Venezuela’s state-owned energy and food companies to obtain contracts worth at least $250m (€211m), a Miami court was told.
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NewsTwo ex-Wall Street bank traders convicted of precious metals’ fraud
A US jury has found two commodity traders guilty of manipulating the precious metals futures market by routinely making large ‘spoof’ orders, the practice of pushing market prices up or down by placing an order for a contract with no intention of executing it.
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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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NewsDeliveroo fined for privacy and transparency breaches in Italy
Italian data protection authority Garante has imposed a €2.5m ($3.0m) financial penalty on food delivery company Deliveroo for disproportionate collection of workers’ data and lack of transparency in use of algorithms.
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NewsEx-lawyer jailed in US for fraud and money laundering conspiracy
A judge in Colorado has imprisoned former California attorney David Kaplan for 36 months after he admitted his part in a conspiracy to commit wire fraud and money laundering.
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NewsPayroll boss sentenced for laundering $1bn-plus
Businessman Michael Mann has been jailed after admitting laundering more than $1bn (€845m) stolen funds from employers, employees, financial institutions and financing companies in the US over three years.
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NewsBritish banks ‘failing to fully support fraud victims’
Some UK banks are providing insufficient help to customers who fall victim to financial scams, leaving them at risk of losing more money in recovery fraud, according to consumer rights’ organisation Which?
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NewsZimbabwe’s controversial cyber security and privacy bill sent back
After passing Zimbabwe’s Senate without debate, the government’s Cyber Security and Data Protection Bill has been referred back to the upper chamber.
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NewsMistrust of data handling ‘threatens digitalisation of economy’
The digital world is at risk without deep reform of the way companies treat data and governments regulate it, according to Lorenzo Milans del Bosch, a partner in US management consultants Oliver Wyman.
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NewsBrazilian board executives struggle with LGPD regulations
Under half of Brazilian organisations believe they would not be fully compliant with Brazil’s General Data Protection Law (LGPD) by August 1, 2021.
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NewsIsle of Wight schools struck by ransomware attack
Six schools have fallen victim to a ransomware attack which is now preventing staff from accessing their systems.
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NewsAfrica needs to curb financial crime to grow
For Africa to transform itself into the epitome of economic empowerment and self-reliance, the continent needs to prevent illicit outflows from the region, according to Ghana’s President Nana Addo Dankwa Akufo-Addo.
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NewsWeak US government cyber security ‘puts individuals’ data at risk’
The personal information of millions of Americans is at risk because branches of government have failed to implement basic defences against cyber-attacks, according to a Senate committee report.
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NewsMonzo subject to AML probe as it combats financial crime
UK financial watchdog FCA is investigating digital bank Monzo for compliance with anti-money laundering regulations. The checks come as the bank says it is stepping up measures to combat financial crime and reduce the risk of customers falling victim.
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NewsSolarWinds hackers accessed offices of US prosecutors
Email accounts in the offices of 27 US district attorneys were breached during the SolarWinds supply-chain cyber-attack last December, the department of justice (DoJ) has admitted.
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NewsFlorida congresswoman reintroduces children’s privacy bill
Rep. Kathy Castor, D-Fla has plans to reintroduce a privacy bill that could allow parents to sue companies that violate their kids’ privacy.
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NewsICO fines nuisance call blocker company £170K
The Information Commissioner’s Office (ICO) has fined Yes Consumer Solutions Limited (YSL) £170,000 for making unsolicited direct marketing calls to customers registered with the Telephone Preference Service (TPS).
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NewsZoom settles class action privacy lawsuit for $85m
Zoom Video Communications has agreed to pay $85 million and bolster its security practices in a class action lawsuit filed Saturday afternoon.
