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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.



04.16.20

Fighting Fraud In The New Normal

While there is no shortage of new things in the world to get used to these days, cybercrime and fraud are, unfortunately, not among them.



04.16.20

Americans have lost $13.4 million to fraud linked to Covid-19

Americans have lost $13.4 million to coronavirus-related fraud since the beginning of the year, according to the Federal Trade Commission.



04.16.20

Why this top broker still rates Westpac a "buy" despite its $1.4bn profit warning

The Westpac Banking Corp share price is under a cloud since the bank issued its profit warning yesterday.



04.16.20

Is the U.K. Finally Getting Serious About Cracking Down on Dirty Money?

The United Kingdom has long been infamous as a money-laundering haven, with hundreds of billions of dollars in dirty money passing through its financial system just in recent years.



04.14.20

Huobi targets money laundering, fraud

Cryptocurrency exchange and derivatives platform Huobi Group announced today that it has launched a new analytics tool aimed at detecting and preventing money laundering, fraud, illegal dark web sales, and even price manipulation.



04.14.20

CORONAVIRUS STIMULUS CHECK SCAMS, FRAUD, IDENTITY THEFT WARNING: SAFETY TIPS FROM IRS AS MILLIONS AWAIT PAYMENT

As the coronavirus economic stimulus package gets underway in the U.S, the Internal Revenue Service has urged taxpayers to be wary of fraudulent schemes involving the payments.



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