#RISK Intelligence – Page 149
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NewsABN Amro pays €480 million to settle anti-money laundering investigation out of court
The Dutch bank ABN Amro has accepted an offer from prosecutors to pay €480million to settle accusations of structural anti-money laundering compliance failures and ‘culpable’ money laundering.
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NewsCourt rules Google misled users about collection of location data
Australia’s Federal Court has found that Google misled consumers about personal location data collected through Android mobile devices in 2017 and 2018.
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NewsInvestigation under way after hack at provider of code testing software
Codecov has called in law enforcement agencies after a cyber attacker breached one of its products which enables software developers to test source code to help prevent bugs and syntax errors.
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SponsoredMicrosoft: Identifying and managing insider threats
Data breaches due to the behaviour of insiders is of increasing concern globally, but how do you tackle the problem? Neha Monga of Microsoft explains how you can identify and mitigate the risks
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NewsDanske Bank CEO resigns after being named suspect in ABN Amro AML investigation
The Chief Executive of Danske Bank has resigned due to being named as a suspect in an investigation into anti money laundering (AML) legislation breaches at rival bank ABN Amro.
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NewsCity of London calls for action to boost regtech growth
The City of London Corporation has called for urgent action to tackle barriers to the growth of regulatory technology, including the establishment of a collective ‘industry voice’ to represent the United Kingdom regtech sector.
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NewsPair of AML experts charged in US over $1bn of high-risk transactions
Two anti-money laundering (AML) compliance professionals are facing charges in the United States (US) over facilitating high-risk transactions through a credit union without appropriate controls.
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NewsChinese court upholds landmark facial recognition data ruling
A court in China has upheld a ruling forcing a zoo operator to delete a visitor’s facial recognition data, in what has been described as a key judgement for data rights in the country.
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NewsBusiness Update: IBM to Acquire myInvenio to help Organizations Use AI-powered Automation
Addition of myInvenio provides customers with a comprehensive AI-powered automation portfolio for business automation - including process mining, robotic process automation (RPA), document processing, workflow, and decisions - all built on Red Hat OpenShift (Press Release)
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Q&APrivSec Job Focus: Lluis Mora, Chief Security Officer, Entain Group
In our latest reader-submitted Q&A, Lluis Mora talks about the importance of product design, customer experience and trust
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Q&AFinCrime Job Focus: Cameron Brown QC
In our latest Q&A, Cameron Brown talks about expanding electronic crime and increasingly sophisticated fraud
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NewsPrivacy tops anxieties over digital Euro, poll finds
Payments remaining a private matter emerged as the leading concern Europeans have about proposals by the European Central Bank (ECB) to introduce a digital Euro.
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NewsFincrime experts warn compliance teams to step up efforts in face of new US sanctions
The United States has announced fresh sanctions on Russia, in retaliation to Moscow’s alleged interference in elections and cyber-attacks including the SolarWinds hack.
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NewsNew Zealand’s central bank to set up AML department
The Reserve Bank of New Zealand (RBNZ) is establishing a standalone, enforcement department covering compliance in anti-money laundering (AML) as well as the banking, insurance sectors.
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BlogUnexplained Wealth Orders (UWOs) – under-used and under-valued?
The United Kingdom’s Unexplained Wealth Orders have so far failed to live up to the hype, argues Nicola Sharp
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NewsEDPB finds UK and EU data protection laws are strongly aligned – but some concerns remain
The European Data Protection Board (EDPB) has found many aspects of the United Kingdom’s data protection framework to be ‘essentially equivalent’ to the European Union’s but has also recommended several areas are further assessed.
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AnalysisWhy are British educational establishments under cyber attack?
The National Cyber Security Centre in the United Kingdom last month put out an alert to schools, colleges and universities warning of a rise in ransomware attacks. But what is driving the attacks and how can educational establishments respond? GRC World Forums finds out.
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NewsCouncil of Europe calls for urgent action to improve FIUs across continent
The Council of Europe (CoE) has called for its 47 member states to strengthen their Financial Intelligence Units to improve anti-money laundering and counter-terrorism financing.
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NewsGlobal cyber-attacks ‘top 600 a minute’
An average of 648 online threats per minute took place worldwide in the fourth quarter of last year, up 10.2% on the previous three months, according to research by security company McAfee Labs.
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News97% of businesses ‘experienced cyber attacks via mobile devices last year’
Nearly every business polled reported a cyber-attack via a mobile device last year, according to research by cyber security firm Check Point Software Technologies
