All Financial Threats articles – Page 5
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News
Cryptocurrency fraud continues to plague UK
So far in 2021, news reports reveal that cryptocurrency fraudsters have cheated over £146m ($200USD) out of victims in Great Britain.
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News
New operation to protect next generation EU recovery funds
Launched at Europol, Operation Sentinel will contribute to a concerted response to an expected fraud wave.
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News
New scam exploits iPhone users looking for love
Researchers at Sophos Labs have unearthed a fake iOS cryptocurrency apps that has targeted US, European victims for at least $1.4 million.
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ebook
Crypto-crime
An introduction to ransomware, darknet markets, money laundering and related illicit activities defining the crypto- crime landscape today.
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Video
GRC TV: The World’s Greatest Money Laundering Scheme: An interview with Casey Michel on American Kleptocracy
Access this episode on demand, as we delve into The World’s Greatest Money Laundering Scheme: An interview with Casey Michel on American Kleptocracy.
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News
Europol shuts down network selling fake financial services
Law enforcement and judicial authorities from Bulgaria, Cyprus, Germany, the Netherlands and Ukraine, supported by Europol and Eurojust, teamed up against an organised crime group involved in binary fraud.
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News
Phishing scams via SMS on the rise
A new financial crime report has discovered a rise in phishing scams conducted via text message, an act known as smishing.
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News
New fraud hotline launched in UK
In a new pilot scheme to combat the surge in financial crimes consumers can now phone 159 to be connected to their bank and receive advice.
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Webinar
How to mitigate crypto risks with the right data-driven compliance strategy
Despite increased adoption of cryptocurrency across the world, some financial institutions continue to hold back from banking cryptocurrency businesses and investing resources to capitalize on its opportunities, in part because of the perception that it is impossible to control for illicit activity.
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Video
GRCTV: Emerging Financial Crime Threats and How To Combat Them
Access this episode on demand, as we delve into Emerging Financial Crime Threats and How to Combat Them.
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News
US financial firms tread carefully in Afghan dealings
With a designated terrorist group the Taliban now in charge of Afghanistan, US banks and other financial service companies are being extra cautious in business they have in the country to avoid breaching sanctions on the Islamic group.
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News
SFO launches money laundering and fraud probe into care home investor
The Serious Fraud Office (SFO) in the UK is investigating entrepreneur Gavin Woodhouse plus individuals and companies associated with him for suspected money laundering and fraud.
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News
Flipkart faces huge fine for ‘breaking investment laws’
India’s financial crime agency has reportedly asked e-commerce giant Flipkart and others to explain why they should not face a INR100bn ($1.34bn, €1.13bn) penalty for allegedly violating foreign investment laws.
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News
Robinhood braced for multi-million fine in AML probe
Online trading app Robinhood said it expects to pay a $30m (€25.4m) penalty in relation to an anti-money laundering probe of its cryptocurrency business, according to a Securities and Exchange Commission (SEC) filing
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News
Nigeria becomes eagle eyed in reporting financial crime
The Economic and Financial Crimes Commission (EFCC) in Nigeria this week launched the Eagle Eye smartphone app to make telling it about economic and financial crimes easier.
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News
Banks in Latvia improve AML/CTF controls
Latvia’s Finance and Capital Market Commission says banks in the country have implemented numerous changes to improve their internal control systems.
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News
FinCEN has turned its attention to crypto
The U.S. Financial Crimes Enforcement Network (FinCEN) has identified cryptocurrencies as one of the anti-money laundering and countering the financing of terrorism (AML/CFT) priorities.
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News
Digitalisation increases cybercrime risk
The growth in digitalisation has led to a greater threat of falling victim cybercrime, according to respondents in a survey of the MENA region by data provider Refinitiv.
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News
Environmental crime is money laundering threat says FATF
Countries should view environmental crimes such as illegal forestry, mining, land clearances and waste trafficking – and the associated trading – as a money-laundering (ML) risk, according to the Financial Action Task Force (FATF).
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News
Head of Guernsey’s new financial crime agency seeks tougher powers
Kevin Davis, director of the Economic and Financial Crime Bureau in Guernsey, is working on acquiring greater powers to seize illegally acquired cash and property.