Financial Crime

Financial crime is defined as crime that is specifically committed against property. These crimes are almost always committed for the personal benefit of the criminal, and they involve an illegal conversion of ownership of the property that is involved.

Source: complyadvantage.com

Anti-Fraud and Anti-Money Laundering: Two Sides of the Same Coin
Anti-Fraud and Anti-Money Laundering: Two Sides of the Same Coin
July 06, 2022  |  AML

The trade group UK Finance recently published its annual fraud report, and the picture isn’t pretty for British consumers. Financial fraud in the country rose...

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Today in Crypto: OneCoin Founder Ruja Ignatova Added to FBI’s Most Wanted List; Report: FTX Nears Deal to Acquire BlockFi
Today in Crypto: OneCoin Founder Ruja Ignatova Added to FBI’s Most Wanted List; Report: FTX...
June 30, 2022  |  Cryptocurrency

The founder of OneCoin, Ruja Ignatova, is now on the FBI’s Ten Most Wanted list after she allegedly defrauded over $4 billion from investors, CoinDesk...

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DOJ Charges of NFT Insider Trading Show New Digital Focus, Report Says
DOJ Charges of NFT Insider Trading Show New Digital Focus, Report Says
June 29, 2022  |  Legal

As the first Department of Justice indictment comes down on an insider trading scheme for non-fungible tokens (NFTs), it remains to be seen how the...

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Spike in Friendly Fraud Triggers Review of Chargeback Mechanisms
Spike in Friendly Fraud Triggers Review of Chargeback Mechanisms
June 15, 2022  |  Security & Fraud

First-party misuse — known as “friendly” fraud — can be difficult to detect, and reducing it is a delicate matter of telling true policy abusers...

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US, UK Encourage Privacy-Enhancing Innovation to Combat Money Laundering
US, UK Encourage Privacy-Enhancing Innovation to Combat Money Laundering
June 15, 2022  |  AML

The U.S. and U.K. governments announced on Monday (June 13) a new joint initiative to encourage the development of privacy-enhancing technology (PET) that could be...

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LHV UK Fights Push Payment Fraud With Confirmation of Payee Service
LHV UK Fights Push Payment Fraud With Confirmation of Payee Service
June 14, 2022  |  Security & Fraud

Banking services provider LHV UK is fighting authorized push payment (APP) fraud with the integration of the Confirmation of Payee (CoP) service, now live for...

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Treasury Dept Sec: Crypto Wallet ID Rules Will Allow Innovation
Treasury Dept Sec: Crypto Wallet ID Rules Will Allow Innovation
June 10, 2022  |  Crypto Wallet

A proposal being reviewed by the U.S. Treasury Department that would ID who controls unhosted cryptocurrency wallets would also allow innovations related to fighting financial...

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Fixing Retail’s $600 Billion False Declines Problem When Fighting Fraud
Fixing Retail’s $600 Billion False Declines Problem When Fighting Fraud
May 27, 2022  |  Security & Fraud

Fighting fraud and pushing back cybercriminals has become the central focus of cybersecurity – and for very good reason. Cybercriminals have proven themselves to be...

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Today in Crypto: Binance, OKX Delist LUNA and UST; International Investigators Suspect $1B Crypto Ponzi Scheme
Today in Crypto: Binance, OKX Delist LUNA and UST; International Investigators Suspect $1B Crypto Ponzi...
May 15, 2022  |  Cryptocurrency

Binance announced Friday (May 13) that it is suspending spot trading for LUNA and UST, which will be lifted when the network becomes stable. In...

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