All articles by Carl Brown – Page 2
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NewsUK educational trust suffers ransomware attack
The Harris Federation, which runs 50 schools in the United Kingdom has fallen victim to a ransomware attack, just days after the National Cyber Security Centre (NCSC) warned educational establishments of an increase in such incidents.
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NewsFrench government updates AML action plan
The French government has outlined measures to increase anti money laundering (AML) supervision and boost corporate transparency in an updated action plan.
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NewsUK solicitors watchdog warns of real estate vendor fraud trend
A solicitors’ watchdog in the United Kingdom has alerted law enforcement bodies to a trend in real estate vendor fraud, in which homes are sold without the knowledge of the owners.
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NewsUK businesses are not taking cyber security seriously enough, warns new NCSC chief
Businesses in the United Kingdom need to take cyber security more seriously, the new National Cyber Security Council (NCSC) Chief Executive has said
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NewsRegulators urged to ‘stop squabbling’ over GDPR enforcement
The European Commission Vice President has called on regulators to stop squabbling over the enforcement of data protection rules or face the possibility of a centralised model.
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AnalysisSeven key themes from FinCrime World Forum Day One
Financial crime professionals from all over the world gathered virtually today for the FinCrime World Forum. Here are the talking points and takeaways from Day One.
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NewsEBA consults on changes to guidelines on risk-based AML supervision of financial institutions
The European Banking Authority (EBA) is proposing changes to its guidelines on risk-based supervision of financial institutions’ compliance with Anti-Money Laundering (AML) and Counter Terrorism Financing (CFT) obligations.
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NewsUS man admits $5.5 million Covid-relief loan scheme fraud
A Washington man has pleaded guilty to fraud and money laundering in a scheme to obtain $5.5 million from the Paycheck Protection Program (PPP) and hide the proceeds.
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NewsMicrosoft releases updates for older software to try and combat soaring Exchange Server attacks
Microsoft is pushing out updates for older software as ransomware groups seek to exploit vulnerabilities caused by ongoing attacks against on-premise versions of its Exchange Server.
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AnalysisThinking outside the box
Ahead of his appearance at FinCrime World Forum, Nick Maxwell explains why public- private information-sharing, aided by fresh thinking and new technology, is crucial to tackling financial crime
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AnalysisFuture-proofing and inclusivity: a chat with award-winner Sujata Dasgupta
Sujata Dasgupta is rapidly becoming one of the financial crime compliance sector’s rising thought leaders and has just landed a major award for her efforts.
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NewsWhite House and US federal agencies’ concerns mount over Microsoft Exchange Server hack
The White House has urged widespread action to patch Microsoft Exchange servers following an ongoing attack that the company has blamed on China.
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Analysis‘Corporate transparency is a moral and social issue’
Graham Barrow is one of the world’s leading commentators and experts on financial crime and a leading advocate for corporate transparency. Ahead of his appearance at FinCrime World Forum later this month, he speaks to GRC World Forums about why this issue is so important
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NewsTwo charged with bribery and laundering over plan that ‘generated $65m in profit’ through Ecuador pension scheme
Two men have been charged in the United States for their role in a bribery and laundering scheme to make illegal profits from a public police pension scheme (ISSPOL) in Ecuador
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News‘Overstretched’ FinCEN needs technological innovation and more funding, says think tank
The Financial Crimes Enforcement Network (FINCEN) in the United States needs more funding and a ‘Manhattan Project’ to develop new technologies in order to be more effective against money laundering, a think tank has said.
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NewsFATF executive secretary calls for end to AML ‘box-ticking’ culture
The executive secretary of the Financial Action Task Force has said there is a need to ensure Anti Money Laundering (AML) professionals “stop just ticking boxes”
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NewsUK minister signals divergence: 'EU doesn’t hold the monopoly on data protection'
A United Kingdom government minister has signalled the country is likely to diverge from the European Union on data protection.
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NewsNew Zealand issues first formal warning to a real estate agency chain under updated AML law
New Zealand’s Department of Internal Affairs has issued a formal warning to a large real estate agency chain.
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AnalysisUAE’s AML journey: radical change or more of the same?
The United Arab Emirates has long been a magnet for illicit funds, for a whole host of often deep-rooted economic, historical, geographical and cultural reasons. But with the Financial Action Task Force calling for urgent action, the Gulf state has recently shown signs of flexing its regulatory muscles, but can it really adequately tackle financial crime?
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NewsAuthorities shut down trafficking and laundering network that made profit of €14 million
Law enforcement agencies have dismantled a cross-border human trafficking and laundering ring, raiding properties and arresting 38 suspects in France, Romania and Moldova.
