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

Brazil’s Possible Pix Pause Likely to Cause Disruption
Brazil’s Possible Pix Pause Likely to Cause Disruption
December 07, 2021  |  International

In Brazil, a temporary suspension looms for a popular payment choice — and, by extension, a disruption in commerce itself. But, beyond the fact that...

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FinCEN Proposes Rule to Fight Illicit Finance, Boost Corporate Transparency
FinCEN Proposes Rule to Fight Illicit Finance, Boost Corporate Transparency
December 07, 2021  |  Regulation

The Financial Crimes Enforcement Network (FinCEN) handed down a Notice of Proposed Rulemaking to “implement the beneficial ownership information reporting provisions of the Corporate Transparency...

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White House Looks to Fight Real Estate Money Laundering
White House Looks to Fight Real Estate Money Laundering
December 07, 2021  |  Real Estate

The White House is looking for public input on ways to fight corruption in the U.S. real estate market, part of a larger project to...

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Crypto Company to Hackers: Give Back Our $119M
Crypto Company to Hackers: Give Back Our $119M
December 06, 2021  |  Cryptocurrency

The blockchain company BadgerDAO has a message for whoever stole $119 million in cryptocurrency from its platform: Please give it back. As Vice reported on...

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Confirmation of Payee (CoP) Offering Makes ‘Massive Difference’ for UK Businesses Tackling Fraud
Confirmation of Payee (CoP) Offering Makes ‘Massive Difference’ for UK Businesses Tackling Fraud
December 01, 2021  |  Security & Fraud

Digital fraud in the U.K. is increasing at an alarming rate. A recent report by UK Finance showed that authorized push payment (APP) fraud losses...

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Malicious Google Play Apps Show Password Vulnerabilities
Malicious Google Play Apps Show Password Vulnerabilities
December 01, 2021  |  Cybersecurity

In the endless cycle of cybercrime whack-a-mole, fraudsters just scored a win with a sophisticated campaign using real-seeming apps as “droppers” carrying trojan code designed...

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The Metaverse Will Need Its Own INTERPOL to Police Payments Crossing Between Virtual, Real Worlds
The Metaverse Will Need Its Own INTERPOL to Police Payments Crossing Between Virtual, Real Worlds
November 30, 2021  |  Safety and Security

If the metaverse is a virtual world, will it need a virtual version of INTERPOL to police it for fraud and financial crimes? Like so...

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‘Smash and Grab’ Theft Trend Scares Shoppers and Workers, Threatens Mall Traffic
‘Smash and Grab’ Theft Trend Scares Shoppers and Workers, Threatens Mall Traffic
November 24, 2021  |  Retail

It’s always the unexpected things, it seems, that cause the worst problems. At a time when the retail industry and shopping public are laser-focused on...

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As Platforms Wage War on Cybertheft, Crooks Turn to Low-Tech Shoplifting and Online Resale
As Platforms Wage War on Cybertheft, Crooks Turn to Low-Tech Shoplifting and Online Resale
November 22, 2021  |  Security & Fraud

As online identity verification and transaction security improve, making it more difficult for cyberthieves to impersonate legit eCommerce customers, bad actors are reverting to low-tech...

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