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

Hackers Return Some Money From $600M Crypto Theft 

Hackers Return Some Money From $600M Crypto Theft 
Hackers Return Some Money From $600M Crypto Theft 
August 11, 2021  |  Cybersecurity

A group of hackers behind a more than $600 million cryptocurrency heist — one of the largest of its kind – has begun to return...

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Feds Turn To Big Tech To Fight Cybercrime
Feds Turn To Big Tech To Fight Cybercrime
August 05, 2021  |  Cybersecurity

Following a series of high-profile infrastructure attacks, the federal government has turned to the world of Big Tech to help protect against cybercrime. Get the...

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Chinese Cryptocurrency Tied To More Than $2B In Crime, Scams
Chinese Cryptocurrency Tied To More Than $2B In Crime, Scams
August 03, 2021  |  Cybersecurity

Chinese cryptocurrency is the latest involved in a rash of illicit activity involving $2.2 billion in digital payment tokens used in scams and dark internet...

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FBI To Congress: Banning Ransomware Payouts Could Backfire 
FBI To Congress: Banning Ransomware Payouts Could Backfire 
July 28, 2021  |  Cybersecurity

Approaches to ransomware payoffs are getting a lot of attention from government agencies, cybersecurity firms and think tanks, but the FBI has now handed down...

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Stablecoin Tether Faces DOJ Probe
Stablecoin Tether Faces DOJ Probe
July 26, 2021  |  Cybersecurity

The U.S. Department of Justice (DOJ) is doing a deep dive into Tether to ascertain whether the bosses behind the stablecoin held back information from...

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Feds Bust Maryland Unemployment Fraud Ring Amid Scrutiny Of Illicit Payments
Feds Bust Maryland Unemployment Fraud Ring Amid Scrutiny Of Illicit Payments
July 16, 2021  |  Cybersecurity

It’s been a banner year for fraudsters attacking the suddenly bloated unemployment program, as a top federal government watchdog estimates that as much as $26...

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UK Cops Seize $249M In Crypto Crackdown
UK Cops Seize $249M In Crypto Crackdown
July 13, 2021  |  Cybersecurity

British police have confiscated close to £180 million — or $249 million — in cryptocurrency, the largest such seizure in the country’s history, CNN reported...

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JPMorgan, Citi, Other Banks May Face Suit In UK For Alleged Exchange Rigging
JPMorgan, Citi, Other Banks May Face Suit In UK For Alleged Exchange Rigging
July 12, 2021  |  Legal & Regulation

Two courts in London are reviewing two different versions of a £1billion ($1.4 billion) class-action lawsuit alleging foreign exchange price manipulation by at least five...

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