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04.23.20

ClubsNSW sues its former employee who blew the whistle on pokies money laundering

Troy Stolz, the whistleblower who exposed a widespread lack of anti-money laundering compliance around poker machines in registered clubs, is being sued by ClubsNSW.



04.23.20

FFIEC Updates Its Bank Secrecy Act/Anti-Money Laundering Examination Manual

On April 15, 2020, the Federal Financial Institutions Examination Council (FFIEC) released an updated version of certain portions of its Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual (BSA/AML Manual)...



04.23.20

Michael Novogratz: This is Bitcoin's "moment"

A colossal stimulus package in the US presents a compelling case for Bitcoin ahead of its halving, says the CEO of Galaxy Digital.



04.23.20

Coronavirus Fuels Explosive Growth In Telehealth - And Concern About Fraud

On March 17, Medicare chief Seema Verma stepped to the podium at a White House coronavirus briefing and unveiled a "historic action" to promote virtual medical care, or telehealth.



04.23.20

Here's How Human-like Bots Perform Online Fraud

In 2019, login pages were the prime target of fraudsters across different verticals



04.22.20

Anti-Money Laundering: What You Need to Know Now About the Updated BSA/AML Examination Manual

In case you missed it, there is now a revised examination manual for Bank Secrecy Act/Anti-Money Laundering compliance.



04.22.20

Shell Corporations Facilitate Contracting Fraud at the Department of Defense

Last year, the Pentagon discovered that network-linked surveillance cameras installed on dozens of military bases and Navy aircraft carriers had cybersecurity vulnerabilities that could enable hackers to take control of the networked cameras and obtain the data they record



04.22.20

Con artists are after your stimulus checks- here are 4 red flags to watch for, says fraud expert

Americans are starting to receive their $1,200 stimulus checks, which are meant to help them get by during the coronavirus pandemic.



04.22.20

IBM and Fenergo join forces to fight financial crime

The agreement enables IBM and Fenergo to create solutions that combine Fenergo's CLM offering with IBM's RegTech portfolio of anti-money laundering (AML) and know-your-client (KYC) solutions, all built with Watson



04.21.20

Large Korean bank to pay $35 mln fine for violating anti-money laundering law -NY state

Industrial Bank of Korea 024110.KS, one of South Korea's largest banks, will pay a $35 million fine to settle charges it violated New York laws designed to thwart money laundering and other suspicious transactions, a state regulator said on Monday.



04.21.20

Stimulus check fraud concerns Secret Service

Do you know what a government-issued stimulus check looks like?



04.21.20

British Court Awards $11 Million to EY Whistleblower Who Exposed Money Laundering

A British court awarded $11 million in damages and expenses on Friday [April 17] to a former partner at global accounting firm Ernst & Young who exposed money laundering at a major gold refinery in the United Arab Emirates.



04.21.20

RBI asks banks, NBFCs to assess money laundering, terrorist financing risks periodically

The internal risk assessment carried out by the regulated entity should be commensurate to its size, geographical presence, complexity of activities/structure



04.21.20

Banking Regulation - Financial Crime and Banking Secrecy

Luxembourg follows the Financial Action Task Force recommendations, implemented in the European legal framework by Directive



04.20.20

Hackers steal $25 million worth of cryptocurrency from Uniswap and Lendf.me

Hacker is believed to have used an exploit shared on GitHub last year to steal funds from both platforms.



04.20.20

NAB to take AU$1.14 billion hit to its first-half net profit

An expected AU$1.06 billion reduction in capitalised software balance is partly to blame.



04.20.20

Supervising anti-money laundering compliance laws

Governments should be thinking smarter when supervising anti-money laundering compliance laws



04.20.20

FBI Warns of Emerging Health Care Fraud Schemes Related to Coronavirus Pandemic

BAD ACTORS ARE SELLING FAKE COVID-19 TEST KITS AND UNAPPROVED TREATMENTS THROUGH TELEMARKETING CALLS



04.20.20

How Goldman Sachs' Compliance Team Saved the Bank From Bribery Charges

"The firm's compliance personnel took appropriate steps to prevent the firm from participating in the transaction, and it is not being charged," regulators said in a statement.



04.16.20

International Regulatory Milestones for Crypto Exchanges in 2020

The lack of uniformity among different jurisdictions' cryptocurrency laws makes it difficult for crypto exchanges seeking to expand to new markets.



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