More From #RISK – Page 153
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NewsAsset recovery among South Korea’s strong points, FATF
South Korea shows a good understanding of money laundering and terrorist financing (TF) risks bolstered by an ongoing risk-assessment process, according to the Financing Action Task Force (FATF).
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NewsFATF identifies confiscation as New Zealand strength
New Zealand Police has a strong focus on confiscation of proceeds of crime, backed by a top-level target for the volume of criminal assets to be restrained, says the Financing Action Task Force (FATF). The goal is NZ$500m (US$350m, €297m) this year.
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NewsEight US companies fined for cyber security failings
The United States’ Securities and Exchange Commission (SEC) has levied fines totalling $750,000 (€636,000) on eight broker-dealers and/or investment advisors after personally identifying information of around 11,500 clients was exposed.
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NewsHacker accesses personal data of Asian airline’s passengers
The private information of fliers with Bangkok Airways has been compromised in a cyber-attack.
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NewsNew Zealand bank penalised for breaching AML/CFT rules
The high court in New Zealand has fined the TSB Bank in NZ$3.5m (US$2.45m, €2.08m) for long-lasting breaches of anti-money laundering and countering terrorism financing (AML/CFT) rules.
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NewsT-Mobile’s beefs up cyber security after humbling experience of data breach
Telecom T-Mobile has entered into long-term partnerships with cyber security provider Mandiant and management consultancy KPMG after private information of millions of customers and prospective customers was compromised in a cyber-attack on its US operations.
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NewsBritain to push for post-Brexit data dividend
The UK will seek multi-billion-pound global data partnerships to boost growth and trade.
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Q&AInterview: Brian Stafford, CEO at Diligent
Brian Stafford is the CEO of Diligent, the world’s leading GRC software as a service provider with more than 500 million in revenue.
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NewsFAFT reports identifies room for improvement in Japan’s AML/CFT measures
Japan has a good understanding of the main elements of money laundering and terrorism financing risks, but there are areas where things could be better.
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VideoGRCTV: 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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PodcastMicrosoft Podcast: Manage risk with intelligent data protection and compliance solutions
During this podcast, our subject matter experts will discuss the biggest concerns for today’s CIOs, CISOs and DPOs and they will explore the best ways to protect data, mitigate risk, and address compliance regulations in this new reality.
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NewsDanish DPA vets companies’ data security
Datatilsynet, Denmark’s Data Protection Authority, is conducting a written check on 30 organisations’ information-protection systems.
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NewsGoogle to boost cyber security
Tech giant Google has announced it will invest $10bn (€8.51bn) over the next five years to strengthen cyber security.
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NewsFootball authorities to receive $201m after corruption scandal
International soccer’s governing body Fifa and associated organisations are to receive $201m (€171m) seized by the United States’ justice department during a financial crime investigation into the way the sport was run.
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NewsHong Kong breaks up money-smuggling gang
Customer officials in Hong Kong have arrested five men suspected of laundering about HK$170m (US$21.8m, €18.6m) in the first case customs has detected of an attempt to smuggle money out of the territory by driving over the border.
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NewsUS names three people for financial crimes in South America
The treasury department in the US has sanctioned three Paraguayans for money laundering and import-export offences based in the Tri-Border Area of Paraguay, Argentina and Brazil.
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NewsFCC proposes highest-ever fine for robocallers
The Federal Communications Commission in the US has announced it plans to order John Burkman, Jacob Alexander Wohl and J M Burkman & Associates to pay $5.13m (€4.37m) for making 1,141 unlawful ‘robocalls’ to mobile phones.
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AnalysisApple Has Been Scanning iCloud Mail for CSAM For Years — And We’ve Known This Since 2019
Apple’s proposals to scan iCloud Photos for child sexual abuse material (CSAM) have proved controversial among privacy advocates. But did you know that the company has been scanning iCloud Mail for several years? Not many people do.
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NewsAT&T refutes claims of data breach
Telecommunications company AT&T has denied claims that the personal data of 70 million of its customers were stolen by threat actor ShinyHunters.
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NewsDutch DPA conditionally allows data sharing in fight against fraud
The Netherlands’ data protection authority has granted more than 160 financial institutions a licence to share information about fraudsters to help fight financial crime.
