BSA News Now

The founder and former CEO of reverse mortgage originator Live Well Financial has been convicted of securities fraud, wire fraud, and bank fraud charges for fraudulently inflating the value of a bond portfolio owned by the company.

New Marqeta survey shows that 68% of people surveyed in the UK are more concerned about fraud since the start of the pandemic, with 79% believing banks should more accurately predict fraudulent transactions

Canada has a money laundering problem, and nowhere is it more apparent than in British Columbia

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Dennis Williams, who rose through the ranks to lead one of the most important unions in the United States as president of the UAW, is heading to prison for his role in the long-running corruption scandal.

Mexico has sent a diplomatic note asking the United States to suspend funding for an anti-corruption group critical of the government, President Andres Manuel Lopez Obrador said on Friday.

Former Governor of California Arnold Schwarzenegger has confirmed that he does not invest in bitcoin or any other cryptocurrencies. He says that he is "like Warren Buffett" in that he does not invest in things he does not understand.

Although the phrase 'know your customer' may seem insignificant to most people, it is of significant importance for banks.

Google has joined Stop Scams and outlined new measures to try and clamp down on financial fraud in the United Kingdom.

Aviva has backed calls for a Government crackdown on financial fraud after its brand was hijacked by criminals.

Bitcoin may be the king of cryptocurrencies, but it's facing an environmental backlash over the energy-intensive technology underpinning it.

The Biden administration plans to release by the end of June a list of corrupt Central American officials who may be subject to sanctions, a U.S. special envoy told Reuters, as Washington seeks to cut back on a root cause of increased migration to the U.S.-Mexican border.

A criminal complaint was filed in the District of New Jersey today charging a dual-resident of New York and Florida with fraudulently obtaining and laundering nearly $4 million in funds from the COVID-19 relief Paycheck Protection Program (PPP).

Nicaragua's national assembly will vote on changes to the anti-money laundering law and the law on development bank Produzcamos following discussions at committee level.

The owner of a Bay Area construction firm admitted to committing felony workers' compensation insurance fraud after years of firing employees when they requested medical treatment for work-related injuries, Santa Clara County prosecutors said.

The Biden administration plans to release by the end of June a list of corrupt Central American officials who may be subject to sanctions, a U.S. special envoy told Reuters, as Washington seeks to cut back on a root cause of increased migration to the U.S.-Mexican border.

Dogecoin's massive rally this year can be seen as a kind of "middle finger" to the traditional financial system, longtime crypto bull Mike Novogratz told CNBC on Wednesday.

Swedish lender Swedbank has been fined 46.6 million Swedish crowns ($5.50 million) by the Nasdaq Stockholm for shortcomings in the bank's anti-money laundering controls between December 2016 and February 2019, the bank said on Wednesday.

Two congressional Democrats sent a letter to Treasury Secretary Janet Yellen on Monday requesting the department bolster anti-money laundering reporting obligations for private equity and hedge fund advisers in an effort to "prevent foreign kleptocrats from moving dirty money through the U.S. and global financial systems."

Europol has announced the arrests in an international operation with German and Italian authorities, as officers targeted members of the 'Ndrangheta mafia group over allegations of drug trafficking and money laundering.