fraud

Fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law, a criminal law, or it may cause no loss of money, property or legal right but still be an element of another civil or criminal wrong.

Regulators’ Actions vs Green Dot and Other Banks Highlight Scrutiny Over AML Practices
Regulators’ Actions vs Green Dot and Other Banks Highlight Scrutiny Over AML Practices
July 22, 2024  |  AML

Enforcement actions and fines from regulators — the Federal Reserve, the Office of the Comptroller of the Currency and others — highlight the growing scrutiny...

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Scammers Try to Crash the Gates for Summer’s Hottest Events
Scammers Try to Crash the Gates for Summer’s Hottest Events
July 22, 2024  |  Fraud Prevention

Stadiums and venues across the globe are filling up this summer. From the upcoming 2024 Summer Olympics in Paris to Taylor Swift’s ongoing and record-breaking...

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Report: Revolut Leads UK Scam Complaints Amid APP Fraud Surge
Report: Revolut Leads UK Scam Complaints Amid APP Fraud Surge
July 21, 2024  |  Security & Fraud

Revolut has reportedly denied thousands of British customers reimbursement requests after they were defrauded. This has led many of these consumers to seek help from...

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They Said That: Notable Quotables From the Week of July 14
They Said That: Notable Quotables From the Week of July 14
July 19, 2024  |  Connected Economy

This week featured insights from JOOR CEO Kristin Savilia on the necessity of experiential retail for luxury brands, discussions with One Inc CEO Ian Drysdale...

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This Week in B2B: Embedded Payments, Digital Tooling, Small-Business Success
This Week in B2B: Embedded Payments, Digital Tooling, Small-Business Success
July 18, 2024  |  B2B Payments

Innovation and competition are constantly reshaping the B2B landscape. The pace of transformation has financial institutions (FIs) and corporations increasingly seeking ways to bring their...

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Global Regulators Race to Tame the Wild West of AI
Global Regulators Race to Tame the Wild West of AI
July 17, 2024  |  artificial intelligence

From Washington to Brussels, policymakers are scrambling to rein in artificial intelligence’s (AI) rapid advance. As the Federal Communications Commission (FCC) targets AI-powered robocalls and...

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Exclusive: Banks Explore Shared Data to Enhance Scam Detection Capabilities
Exclusive: Banks Explore Shared Data to Enhance Scam Detection Capabilities
July 17, 2024  |  Security & Fraud

As online scams and financial crimes continue to surge at the halfway point of 2024, banks and payment companies are ramping up efforts to protect...

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IRS Warns Tax Pros of ‘Barrage’ of Phishing Scams
IRS Warns Tax Pros of ‘Barrage’ of Phishing Scams
July 16, 2024  |  Security & Fraud

The IRS is warning tax professionals of a rise in scams designed to steal taxpayer information. The tax agency and its “Security Summit” partners —...

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US Agencies Warn Financial Institutions About Mexico-Based Timeshare Fraud Schemes
US Agencies Warn Financial Institutions About Mexico-Based Timeshare Fraud Schemes
July 16, 2024  |  Security & Fraud

Federal agencies are warning financial institutions about timeshare fraud schemes associated with Mexico-based transnational criminal organizations. The Financial Crimes Enforcement Network (FinCEN), jointly with the...

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