More From #RISK – Page 206
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NewsAUSTRAC consults on AML/CFT rule changes as part of regulatory overhaul
AUSTRAC has opened a consultation on proposed changes to its anti-money laundering (AML) and counter-terrorism financing (CTF) rules as it seeks to strengthen its approach.
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NewsNorway’s DPA proposes €9.65m fine for Grindr dating app
Norway’s data protection authority has notified gay dating app Grindr that it intends to impose a financial penalty of NOK100 M ($11.7m, €9.65m) on the company for breaching consent requirements under the General Data Protection Regulation (GDPR).
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NewsLandmark privacy employee research project unveiled on Data Privacy Day
A unique global research project to track privacy employee culture, attitudes and behaviour has been unveiled today to mark Data Privacy Day.
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NewsICO resumes real-time bidding and adtech probe
The Information Commissioner’s Office (ICO) in the UK has restarted its investigation into real-time bidding (RTB) and the adtech industry, paused last May so the authority could prioritise activities related to the Covid-19 pandemic.
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NewsRUSI argues for national security response to tackle fraud ‘epidemic’
A UK thinktank has called for fraud to be considered a ’national security priority’ backed by a new public-private strategy.
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VideoFinCrime World Forum 2021: A Global Live Stream Experience
FinCrime World Forum brings together the people and companies defining financial crime compliance. Join our next virtual forum on 22 - 23 June 2021.
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NewsMarriott wins US data hack lawsuit
A US district court judge has dismissed a case against Marriott following a cybersecurity breach affecting around 5.2 million of the luxury hotel chain’s customers
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NewsGDPR and CCPA: where the differences lie
California’s Consumer Protection Act in many ways looks like the General Data Protection Regulation, but there are some significant differences. Darren Wray provides a handy guide to understanding how the two pieces of legislation differ from each other.
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NewsThousands of fake Covid-19 websites and emails closed down in Canada
More than 4,000 false Canadian government websites and email addresses taking advantage of the pandemic to try to mine personal data or steal money have reportedly been removed by the Canadian Centre for Cyber Security (CCCS).
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NewsAttorney Slaughter set for top FTC role
President Joe Biden has designated attorney Rebecca Kelly Slaughter as acting chair of the Federal Trade Commission (FTC), following the resignation of chair Joseph Simons.
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NewsChina’s clampdown on payment providers is necessary to protect international financial ecosystem
The authorities in China are seeking to expand anti-money laundering supervision of non-bank payment providers and have also stepped up fines. Jose Caldera explains why this is needed.
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NewsHealth insurer fined $5.1m for data breach affecting 9m-plus people
Excellus Health Plan of New York state is to pay $5.1m (€4.2m) to the Office for Civil Rights (OCR) in the US and implement a corrective action plan following a data breach.
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NewsThree financial institution staff arrested in UK as concern grows over Covid-19 loan scheme fraud
Three men working for a financial institution have been arrested in the United Kingdom as part of a probe into suspected fraudulent claims totalling £6million made through the Covid-19 Bounce Back Loan Scheme (BBLS)
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ebookA Practical Guide on How to Protect Your Organization’s Sensitive Data
IT Security teams are looking for a holistic approach to solving today’s data security challenges, with a data security platform that enables them to identify and protect sensitive data wherever it resides, using a comprehensive set of data protection mechanisms and centralized policy and key management.
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NewsData stolen from Scottish regulator in cyberattack published online
Data stolen from an environmental regulator in Scotland in a cyberattack has now been published online.
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NewsPhilippines ‘could face FATF sanctions’ for failing to implement legislation
The Philippines risks being put on the Financial Action Task Force’s “grey list” if it does not fully implement the necessary amendments to its anti-money laundering law, according to the country’s Anti-Money Laundering Council (AMLC).
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NewsSaudi Arabia to implement stricter AML rules for Forex offices
The authorities in Saudi Arabia have reportedly approved stricter rules to combat money laundering and terrorism financing.
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NewsGDPR fines increase 19% year-on-year as regulators ‘test limits of powers’
Daily breaches of the General Data Protection Regulation (GDPR) increased 19% in the last 12 months compared to the previous year, according to research.
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NewsSpanish and US authorities ‘dismantle’ group laundering money for South American drug cartels
A criminal network which laundered money and used hitmen to collect cash throughout Spain for South American drug cartels has been “dismantled”, Europol has said.
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Q&AFinCrime Job Focus: Andy Mason, Head of Customer Operations & Financial Crime, Mettle
In our Q&A this week, Andy Mason talks about sharing information, technology and the importance of being laser-focused on your priorities
