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

NICE Actimize Launches AI Tool To Fight Financial Crime
NICE Actimize Launches AI Tool To Fight Financial Crime
August 19, 2020  |  Security & Fraud

NICE Actimize on Wednesday (Aug. 19) released a platform called Xceed that the company says will use “best-in-class AI, data intelligence, behavioral analytics and insights...

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Report: Wirecard Execs May Have Hidden $1B Before Collapse
Report: Wirecard Execs May Have Hidden $1B Before Collapse
August 07, 2020  |  Security & Fraud

In anticipation of its collapse in June, Wirecard AG executives may have raided the German payment company and deposited $1 billion in partner companies while...

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Deutsche Bank Forks Over $150M In Epstein, Foreign Bank AML Settlement
Deutsche Bank Forks Over $150M In Epstein, Foreign Bank AML Settlement
July 07, 2020  |  Legal

Deutsche Bank has agreed to a $150 million settlement with New York regulators over allegations that the giant German bank was effectively asleep at the...

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Investec: What FIs Must Know About Open Banking And Gaining Consumer Trust
Investec: What FIs Must Know About Open Banking And Gaining Consumer Trust
June 25, 2020  |  Fraud Prevention

Digital fraud and cybercrime are constant worries for financial institutions (FIs) of all sizes, with these businesses seeing an average of 30 cyberattacks per hour...

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Today In Payments: EU Launches Pandemic Economy Financial Crime Team; US Lenders Expect Few Loan Defaults
Today In Payments: EU Launches Pandemic Economy Financial Crime Team; US Lenders Expect Few Loan...
June 08, 2020  |  News

In today’s top news, the EU has established a team to fight financial crime amid the economic downturn, and U.S. lenders expect most borrowers to...

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NICE Actimize Buys Guardian Analytics
NICE Actimize Buys Guardian Analytics
June 08, 2020  |  Partnerships / Acquisitions

Financial fraud prevention software and cloud company NICE Actimize has unveiled a deal to acquire Guardian Analytics. With the deal, New Jersey-based NICE Actimize looks...

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Report: Criminals Netted $1.4B From Crypto Crimes
Report: Criminals Netted $1.4B From Crypto Crimes
June 02, 2020  |  Security & Fraud

In the first five months of the year, cryptocurrency thefts, hacks and frauds totaled $1.4 billion, and could exceed the 2019 loss of $4.5 billion...

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Financial Crimes Management Solutions Join The Fraud Battle
Financial Crimes Management Solutions Join The Fraud Battle
May 26, 2020  |  Security & Fraud

Who doesn’t love a good mystery crime drama? Fraud victims, for a start. And for corporations in the financial sector, fraud scales. That’s millions of...

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PayPal On Bringing Data Firepower To Bust Illegal Gun Trafficking
PayPal On Bringing Data Firepower To Bust Illegal Gun Trafficking
March 09, 2020  |  Security & Fraud

To ferret out crime, follow the money; to put a stop to crime, stop the money from getting to the bad guys in the first...

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