All articles by Carl Brown – Page 9
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NewsFormer US security chief warns of increased cyber crime due to coronavirus
The former head of the US National Security Agency has warned that the coronavirus pandemic has significantly increased cyber risk, with companies likely to face a growing number of attacks.
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FeatureIdentifying, verifying and authenticating customers – which tech options will you go for?
Know Your Customer rules are tightening but bank customers increasingly want fast sign-up and quick banking. FinCrime Report looks at some of the identification and verification technologies currently being used to prevent fraud and money laundering in an increasingly complex landscape while ensuring user experience remains positive.
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News
Businessman with criminal links hands over £10m to UK investigators following Unexplained Wealth Order first
A UK businessman with links to serious criminals has surrendered property worth nearly £10m after an Unexplained Wealth Order (UWO) was issued to force him to reveal where his money came from.
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Q&AFinCrime Job Focus: Ellison Anne Williams, CEO & Founder, Enveil
In our latest reader-submitted Q&A, Ellison Anne Williams explains how she has worked to make homomorphic encryption commercially practical for anti-money laundering and data protection
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News‘SARs are used as a free pass for bankers and this must stop’: US regulation chief hits out following FinCEN Files
The head of one of the most influential US regulators has heavily criticised the actions of bankers and called for radical change following the publication of the FinCEN Files.
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NewsDon’t take you eye off insider cybercrime threats. Register for our free webinar
Cybersecurity measures are often focused on threats from outside an organization rather than threats posed by individuals inside an organization.
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NewsUS Treasury warns making ransomware payments could breach sanctions regulations
The US Treasury department has warned that facilitating payments to cybercriminals to remove ransomware from IT systems risks breaching sanctions regulations.
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NewsFashion chain H&M fined $35m for snooping on employees
Fashion chain H&M has been fined $35million for data protection breaches, including recording and sharing private information about hundreds of employees among managers.
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NewsSARs system is ineffective at uncovering money laundering, warns United Nations panel
The system under which banks report suspicious activity has uncovered “very few” instances of money laundering, corruption or other financial crimes, a United Nations (UN) panel report has said.
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NewsBritish MPs write to ministers to demand AML answers as FinCEN Files blame game begins
The chair of a UK parliamentary committee has written to government ministers and watchdog heads after the country’s anti-money laundering controls were put under the spotlight by the FinCEN Files.
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NewsAustralian banking giant Westpac agrees to pay record A$1.3bn fine for AML failures
Australian banking giant Westpac has agreed to pay A$1.3bn ($900m in US dollars) after admitting money laundering failures.
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FeatureFinCrime Job Focus: tell us about your role
Do you work in a field tackling financial crime? Don’t miss the chance to feature in one of FinCrime Report’s regular job focus Q&As.
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AnalysisThe FinCEN Files and $2trillion in suspicious payments: what you need to know at-a-glance
The FinCEN files have hit the headlines this week but what are they exactly?
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NewsUS bank State Street hit with $1.24m AML fine in Australia
US banking giant State Street has been fined $1.24million in Australia for failing to report international fund transfers on multiple occasions.
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NewsYoutube faces £2bn UK court battle over alleged children’s privacy breach
YouTube is facing a legal battle over claims it is breaching millions of young people’s privacy and data rights.
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NewsFATF publishes ‘red flag’ money laundering indicators for cryptocurrencies
The Financial Action Task Force (FATF) has outlined “red flag indicators” to help financial institutions detect money laundering and terrorism financing linked to virtual assets.
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ArticleWelcome to FinCrime Report – we want to hear from you
Today we launch the new FinCrime Report website, brought to you by award-winning events and publications business GRC World Forums.
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ArticleFinCrime World Forum day-long digital event to feature key figures and crucial insight
The FinCrime World Forum live streaming event is now open for registrants and sponsorship queries.
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AnalysisThe IIoT and the future cyber threat landscape
You can’t help but wonder whether Robert Hannigan can easily get to sleep at night, given the report into cyber-security threats he has just co-authored.
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NewsDeutsche Bank agrees to pay $583k to settle sanctions violation case
The United States Treasury Department has announced that Deutsche Bank will pay $583,100 in settlements for “apparent violations of Ukraine-related sanctions regulations.”
