#RISK Intelligence – Page 189
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NewsUK government announces new verification powers for Companies House in AML plan
The UK’s official company register will be required to verify company directors’ identities before they can be appointed, under plans announced by the government.
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AnalysisSARs and the FinCEN Files – did disclosure rules play a part?
The FinCEN Files have shocked many across the world. The leaked documents show banks moved more than $2 trillion between 1999 and 2017 in payments even though they believed them to be suspicious. So how was this allowed to happen?
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FeatureSecurity: more than just “tech”
Ahead of this week’s Data Protection World Forum webinar, Building Security’s Influence in the C Suite, independent cyber security consultant Dr Emma Osborn highlights the importance of owning cyber risk at board level.
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AnalysisThe FinCEN Files and $2trillion in suspicious payments: what you need to know at-a-glance
The FinCEN files have hit the headlines this week but what are they exactly?
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NewsCyber attack linked to death of woman at hacked German hospital
A woman has died in Germany after a cyber attack at the Düsseldorf University Clinic (DUC) caused her to be turned away for emergency medical treatment at the hospital earlier in September.
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WebinarA New and Critical Approach To Protecting Your Data
Most cybersecurity protections are based on looking for, finding, and stopping threats.
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NewsUS bank State Street hit with $1.24m AML fine in Australia
US banking giant State Street has been fined $1.24million in Australia for failing to report international fund transfers on multiple occasions.
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BlogThe AML “travel rule”: a new challenge for VASPs and GDPR
A new rule aimed at tackling money laundering through virtual assets is concerning problems, not least with data protection legislation, argues Teggy Altankhuyag
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NewsYoutube faces £2bn UK court battle over alleged children’s privacy breach
YouTube is facing a legal battle over claims it is breaching millions of young people’s privacy and data rights.
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FeatureDon’t Lift and Shift: Evolve
At July’s Last Thursday in Privacy event, Sian John MBE, Microsoft’s EMEA / APJ director of cybersecurity strategy, gave companies transitioning to a cloud service model some food for thought. PrivSec’s Catherine Wycherley caught up with her to get some further insight.
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NewsFinCEN proposes change to US banking AML requirements
The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has proposed changes to anti money laundering (AML) requirements to make risk-assessments an explicit obligation for financial institutions.
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NewsFATF publishes ‘red flag’ money laundering indicators for cryptocurrencies
The Financial Action Task Force (FATF) has outlined “red flag indicators” to help financial institutions detect money laundering and terrorism financing linked to virtual assets.
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ArticleHuman error reveals personal data of 18,000 Welsh Covid-19 sufferers
Public Health Wales yesterday announced a data breach involving the personally identifiable data of 18,105 people resident in Wales who had received a positive test for Covid-19.
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ArticleFacebook launches legal action against IDPC over proposed halt to EU-US data transfers
Facebook has begun legal action against the Irish Data Protection Commission (IDPC).
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ArticleWelcome to FinCrime Report – we want to hear from you
Today we launch the new FinCrime Report website, brought to you by award-winning events and publications business GRC World Forums.
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ArticleFinCrime World Forum day-long digital event to feature key figures and crucial insight
The FinCrime World Forum live streaming event is now open for registrants and sponsorship queries.
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AnalysisThe IIoT and the future cyber threat landscape
You can’t help but wonder whether Robert Hannigan can easily get to sleep at night, given the report into cyber-security threats he has just co-authored.
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NewsDeutsche Bank agrees to pay $583k to settle sanctions violation case
The United States Treasury Department has announced that Deutsche Bank will pay $583,100 in settlements for “apparent violations of Ukraine-related sanctions regulations.”
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AnalysisThe money laundering and fraud threats on the rise due to Covid-19
Remote working, the lockdown, government relief packages, restrictions of travel and greater digital use of financial services…The COVID-19 pandemic has led to drastic changes in the way we all live and work in a short space of time.
