12.02.20

Feds step up efforts to target Venezuelans accused of money laundering in Miami

Federal authorities are stepping up their efforts to seize millions of dollars deposited in Miami bank accounts that they say were used to pay kickbacks to Venezuelan government officials for inflated contracts with the national oil company, PDVSA.



12.02.20

NC Attorney Charged With Committing Bank Fraud to Fund Plastic Surgery

A North Carolina attorney has been charged with bank fraud after she and two coconspirators allegedly applied for loans and credit cards using Social Security numbers that were not theirs.



12.02.20

Investment firms report a quadrupling of cases of fraudsters 'cloning' them and using their legitimate reputation to trick victims

Top investment firms warn cases of sophisticated fraudsters 'cloning' their legitimate operations and products to steal people's cash have soared in the past few months.



12.02.20

Singapore banks unveil tougher commodity finance standards after fraud scandals

Singapore's banks have finalised a code of best practice for the provision of trade finance to the commodities sector, after a string of fraud scandals left lenders with significant financial losses.



12.02.20

Federal Judge Advances Lawsuit Accusing Felix Sater of Laundering Loot Through Trump Properties

A federal judge on Monday partially advanced a lawsuit accusing Russian mafia-tied businessman Felix Sater of laundering millions stolen from Kazakhstan's BTA Bank through Trump Organization properties.



12.01.20

Pandemic, A Driving Force in 2021 Financial Crime

Ransomware gangs with zero-days and more players overall will characterize financially motivated cyberattacks next year.



12.01.20

UAE sets up courts, fines law firms to combat money laundering

The UAE has set up a series of special federal courts to tackle the issue of money laundering, as part of the country's wider efforts to combat such financial crimes, it was announced on Sunday.



12.01.20

Bank of America exec arrested for bribery. Feds say banker ran kickback scheme.

A former New York-based Bank of America executive received tens of thousands of dollars at a time in cash bribes, federal prosecutors say, in exchange for fraudulently helping a New Jersey firm get a line of credit at the bank.



12.01.20

CEO Charged With Securities And Bank Fraud In Alleged Scheme To Raise Funds For Digital Advertising Company

Andrew Chapin has been charged in a criminal complaint with multiple counts of fraud in connection with a multi-million-dollar scheme to amass funds for a digital advertising company based on false information, announced U.S. Attorney David L. Anderson and Federal Bureau of Investigation Special Agent in Charge Craig Fair.



12.01.20

Money Mules

Don't Be a Mule: Awareness Can Prevent Crime



11.30.20

UAE to set up new courts to hear money laundering cases

Move includes establishment of individual, college and appeals departments



11.30.20

Orange County Insurance Agents Arrested In $4 Million Securities Fraud Scheme, California Department of Insurance Reports

Robert Andrew Lotter, 63, of Newport Beach, and Charles Albert Major, 72, of Irvine, were arrested on Wednesday on multiple felony counts of securities california department of insurance logoviolations and burglary after allegedly defrauding more than 20 victims of over $4 million.



11.30.20

Editorial: Staggering allegations about money laundering at B.C. casinos

Testimony at the Cullen Commission, which is examining money laundering at B.C. casinos, has turned up some troubling allegations.



11.30.20

Financial sector sets up online platform vs fraud

The rapid shift of Filipinos to online transactions has also resulted in the increase of online scams and fraudulent activities.



11.30.20

Hodlers thankful as Bitcoin is gainful: Bad Crypto news of the week

Everyone from the Wall Street Journal to the Queen of England has an eye for Bitcoin in this week's Bad Crypto podcast.



11.27.20

Financial Institutions Are Among the Most Regulated: Six Global Compliance Standards You Should Know

It's no surprise that financial organizations are among the world's most heavily regulated areas of business.



11.27.20

APP scam: 'I lost over ?10,000 when scammers pretended to be my bank'

We all think it wouldn't happen to us, but criminals are using increasingly sophisticated techniques to steal our cash. .



11.27.20

Open Banking, Open Risk: How To Eliminate Fraud In The Future Of Finance

The open banking revolution is quickly gathering momentum. While the transition is likely to increase the operational efficacy of banking and heighten customer experience, it also threatens to expose individuals to privacy and security shortfalls.



11.27.20

Compliance is a necessity - not a nicety!

In today's competitive climate, there's no doubt that increased regulation is a threat to your business.



11.27.20

3 Reasons Bitcoin Crashed by $3,000 -And Why It's Still Bullish

Bitcoin suffered a price crash earlier on Thursday, having missed record highs by a narrow margin earlier this week.



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