The Top 10  Most Difficult Countries for Identity Verification

The Top 10  Most Difficult Countries for Identity Verification

Download Report

Major US Twitter accounts hacked in Bitcoin scam

bitcoin scams

Billionaires Elon Musk, Jeff Bezos, Barack Obama, Joe Biden and Bill Gates are among the many US figures who are targeted by hackers on Twitter in an apparent Bitcoin scam.

The official accounts of prominent figures were hacked and requested donations in the cryptocurrency. The US Senate Commerce committee has asked Twitter to brief it about the incident next week.

So far Twitter has reported in a series of tweets that  it was a “coordinated” attack targeting its employees “with access to internal systems and tools”.

Hackers used this access to take control of many highly-visible accounts and Tweet on their behalf. It is added that significant steps had been taken to limit access of criminals to such internal systems. For the time being Twitter has blocked users from being able to tweet Botcoin wallet addresses. 

Meanwhile, Twitter chief executive Jack Dorsey tweeted about the incident: 

“Tough day for us at Twitter. We all feel terrible this happened.”

 

Moreover, People are urged to treat requests for money or sensitive information on social media with extreme caution. Cyber-security experts said that the breach could have been a lot worse in other circumstances.

Related Posts

News

ICAEW and B20 Task Force to Introduce Recommendations For Combating Financial Crimes

Policies for anti-money laundering and terrorist financing compliance will be introduced to comba...

ICAEW and B20 Task Force to Introduce Recommendations For Combating Financial Crimes Explore More

News

FinCEN Launches Regulatory Process For AML Regulation on Antiquities

The ANPRM discusses how antiquities trade can be exploited by money launderers and terrorist fina...

FinCEN Launches Regulatory Process For AML Regulation on Antiquities Explore More

News

UAE startup relies on Blockchain to flatten COVID-19 curve

In5, UAE based start-up incubator, is assisting to design blockchain-based techniques to suppress...

UAE startup relies on Blockchain to flatten COVID-19 curve Explore More

News

The US Securities and Exchange Commission Identifies AML Failures of US Brokerage Firms

The Securities and Exchange Commission (SEC) has reported that compliance reviews of US brokerage...

The US Securities and Exchange Commission Identifies AML Failures of US Brokerage Firms Explore More

News

SMS Phishing Scams are Impersonating State Agencies – FTC Warns

FTC issues warning against SMS phishing attacks that are impersonating state workforce agencies t...

SMS Phishing Scams are Impersonating State Agencies – FTC Warns Explore More

News

American Law Firms Building Class Suits against HSBC and Standard Chartered for Money Laundering

Labaton Sucharow and Schall Law have a record of pursuing legal claims against listed organizatio...

American Law Firms Building Class Suits against HSBC and Standard Chartered for Money Laundering Explore More

News

Turkey to Ban Cryptocurrency Payments to Avoid Financial Crime

The Central Bank of Turkey is to ban the use of cryptocurrency payments by 30th April. This initi...

Turkey to Ban Cryptocurrency Payments to Avoid Financial Crime Explore More

News

PSR Orders UK Banks to Reimburse Customers Tricked by Payment Fraud

PSR has advised UK banks to compensate customers who have been the victims by APP (authorized pus...

PSR Orders UK Banks to Reimburse Customers Tricked by Payment Fraud Explore More

News

European Parliament Members Adopt New Recommendations to fight Tax Fraud and Money Laundering

The parliament members adopted a comprehensive set of regulations stemming from the previous reco...

European Parliament Members Adopt New Recommendations to fight Tax Fraud and Money Laundering Explore More

News

Online fraudsters steal £17m over COVID-19 lockdown

About £17 million have been lost due to online fraud over the Coronavirus lockdown period with yo...

Online fraudsters steal £17m over COVID-19 lockdown Explore More

News

Canada Broadens Scope of Anti-Money Laundering and Terrorist Financing Rules

After Prime Minister Justin Trudeau invoked the Emergencies Act on Monday, 14th February, the Dep...

Canada Broadens Scope of Anti-Money Laundering and Terrorist Financing Rules Explore More

News

Star Casino Faces Class Action for Anti-Money Laundering Failures

The Star casino has been hit with a shareholder class action for its alleged non-compliance with ...

Star Casino Faces Class Action for Anti-Money Laundering Failures Explore More

News

UK’s National Audit Claims FCA Takes Slow Crypto Enforcement Actions

The UK’s National Audit stated that the Financial Conduct Authority (FCA) has all the rights to c...

UK’s National Audit Claims FCA Takes Slow Crypto Enforcement Actions Explore More

News

UK Approves New Bill to Enhance Security in the Cryptocurrency Sector

The UK government has approved a bill to grant power to the authorities to seize cryptocurrency p...

UK Approves New Bill to Enhance Security in the Cryptocurrency Sector Explore More

News

Officials of 16 Countries Teamed Up for a Major Transnational Operation against Money Laundering

On October 15, Europol announced its successful operation against a renowned criminal group calle...

Officials of 16 Countries Teamed Up for a Major Transnational Operation against Money Laundering Explore More

News

Singaporean Regulatory Authority Imposes $7.8M Worth of AML Non-Compliance Fines

The Monetary Authority of Singapore (MAS) has imposed $7.8m fines on financial sector businesses,...

Singaporean Regulatory Authority Imposes $7.8M Worth of AML Non-Compliance Fines Explore More

News

Phishing Scam affects thousands of Banking App users

Thousands of customers have been exploited by a fake mobile banking app. The customers were sent ...

Phishing Scam affects thousands of Banking App users Explore More

News

11 Jailed in Saudi Arabia for Laundering $2.7 Billion

Saudi Arabia has jailed and fined 11 individuals SR62.5 million for money laundering. The group l...

11 Jailed in Saudi Arabia for Laundering $2.7 Billion Explore More

News

£2 Million of Suspected Money Laundering Assets Seized by Royal Gibraltar Police

Following information from a Spanish law enforcement agency, the Royal Gibraltar Police have init...

£2 Million of Suspected Money Laundering Assets Seized by Royal Gibraltar Police Explore More

News

Uber joins lawsuits to exempt itself from California law

California law effective from today, i.e. Jan 1 is all set to give equal protection to independen...

Uber joins lawsuits to exempt itself from California law Explore More

News

MENAFATF Adopts Abu Dhabi Recommendations to Counter Money Laundering and Terrorism Financing

An international group based on the FATF format, MENAFATF, has adopted the Abu Dhabi recommendati...

MENAFATF Adopts Abu Dhabi Recommendations to Counter Money Laundering and Terrorism Financing Explore More

News

Federal Prosecutors Investigate Trump’s Social Media Company for Money Laundering

Trump’s social media company is reportedly under investigation by federal prosecutors in New York...

Federal Prosecutors Investigate Trump’s Social Media Company for Money Laundering Explore More

News

AUSTRAC Has Published a New Guidance For Detecting “Cuckoo Smurfing”

AUSTRAC’s guidance offers indicators for financial institutions, to allow them to detect suspicio...

AUSTRAC Has Published a New Guidance For Detecting “Cuckoo Smurfing” Explore More

News

UAE Imposes Strict Penalties for AML and CFT Failings

The UAE is set to be removed from the FATF’s Gray List in the upcoming year as it substantially i...

UAE Imposes Strict Penalties for AML and CFT Failings Explore More

News

South Korean Government to Enforce Cryptocurrency Transaction Monitoring in H1 2023

The South Korean government is looking to implement crypto oversight by tracking transactions to ...

South Korean Government to Enforce Cryptocurrency Transaction Monitoring in H1 2023 Explore More

News

£78 Million Stolen in Investment Scams, Warns FCA

FCA- Financial Conductive Authority has given out a warning as the investment scams regarding ‘cl...

£78 Million Stolen in Investment Scams, Warns FCA Explore More

News

French Magazine XXI to Reveal ICIJ’s Take on Tax Havens

In an interview with ICIJ, XXI editor David Servenay says that the offshore world is more powerfu...

French Magazine XXI to Reveal ICIJ’s Take on Tax Havens Explore More

News

Over $700M Embezzled From Iraq’s Public Fundings – Anti Corruption Commission

The Iraq Anti-corruption commission has pointed out the illegal use of people’s funding fro...

Over $700M Embezzled From Iraq’s Public Fundings – Anti Corruption Commission Explore More

News

Signature Bank under Criminal Investigation

US prosecutors are investigating the relation of Signature Bank with crypto clients as regulators...

Signature Bank under Criminal Investigation Explore More

News

New European Legislative Proposals to Transform the Digital Platforms

A new act is proposed by the European Commission to enhance digital spaces. A new set of rules ha...

New European Legislative Proposals to Transform the Digital Platforms Explore More

News

UAE Issues $1.048 Billion Worth of Fines for Money Laundering & Terrorism Financing

UAE’s Executive Office to Combat Money Laundering and Terrorist Financing has claimed to collect ...

UAE Issues $1.048 Billion Worth of Fines for Money Laundering & Terrorism Financing Explore More

News

Ontario’s Casinos Need to Strengthen Efforts to Curb Money Laundering

According to Auditor General Bonnie Lysyk, Ontario’s casinos need to strengthen efforts in order ...

Ontario’s Casinos Need to Strengthen Efforts to Curb Money Laundering Explore More

News

Malta’s Justice Minister Ammends Legal Framework to Lighten Financial Crime Proceedings

Malta’s Justice Minister announces amendments in the court proceedings for financial crimes...

Malta’s Justice Minister Ammends Legal Framework to Lighten Financial Crime Proceedings Explore More

News

Swedish Bank SEB Accused of Money Laundering

Investigations done by the news agency TT and broadcaster SVT revealed that 25 SEB clients record...

Swedish Bank SEB Accused of Money Laundering Explore More

News

Man Sentenced to 5 Years in Jail for Laundering $2.6M Through BTC ATMs

UK law enforcement authorities recently sentenced a 22-year-old man named Bazyli Rymarz to 5 year...

Man Sentenced to 5 Years in Jail for Laundering $2.6M Through BTC ATMs Explore More

News

NYDFS Reminds BitLicense Holders to Follow Rules

NYDFS (New York Department of Financial Service) has restated custody and disclosure requirements...

NYDFS Reminds BitLicense Holders to Follow Rules Explore More

News

FCA Emphasises on Companies to Invest in Compliance Program

The U.K’s financial crime investigation agency is now taking steps that will involve the companie...

FCA Emphasises on Companies to Invest in Compliance Program Explore More

News

MASAK to Investigate Short Video Hosting Platform, TikTok Over Money Laundering Allegations

MASAK is investigating the scammers involved in money laundering on TikTok. Over the serious alle...

MASAK to Investigate Short Video Hosting Platform, TikTok Over Money Laundering Allegations Explore More

News

Star Entertainment Group Experiences $1.26B Loss after Money Laundering Investigation

Star Entertainment Group experienced a major loss of $1.26 billion during the first half of 2023,...

Star Entertainment Group Experiences $1.26B Loss after Money Laundering Investigation Explore More

News

EU Strengthens Capacity of CSOs to Combat Money Laundering & Improve Governance

The European Union (EU) is working on boosting the capacity of more than 200 Civil Society Organi...

EU Strengthens Capacity of CSOs to Combat Money Laundering & Improve Governance Explore More

News

New RBI Guideline: Must Perform Due Diligence for Crypto Transactions

In the latest banking news in India, notable banks were found to have cautioned their customers a...

New RBI Guideline: Must Perform Due Diligence for Crypto Transactions Explore More

News

Qatar’s new AML laws leave no room for Cryptocurrencies

A number of countries across the globe are coming with up stringent policies to inhibit the illeg...

Qatar’s new AML laws leave no room for Cryptocurrencies Explore More

News

UAE Authorities to Coordinate Efforts Against ML/TF Among NPOs

The UAE’s Ministry of Community Development and the Financial Intelligence Unit have established ...

UAE Authorities to Coordinate Efforts Against ML/TF Among NPOs Explore More

News

Japan’s FSA Deems Crypto Dealers Necessary for Ongoing AML Efforts

Japan’s federal regulatory authority FSA lays ground for anti money laundering requirements for c...

Japan’s FSA Deems Crypto Dealers Necessary for Ongoing AML Efforts Explore More

News

MGA to Introduce Detailed Player Protection Guidelines for Responsible Gambling

Malta Gaming Authority is set to introduce player protection guidelines after being placed on the...

MGA to Introduce Detailed Player Protection Guidelines for Responsible Gambling Explore More

News

WHO Warns about Online Job Scams during COVID-19 Pandemic

A message shared on WhatsApp and Facebook claims that the World Health Organization (WHO) is adve...

WHO Warns about Online Job Scams during COVID-19 Pandemic Explore More

News

Queensland Launches New Inquiry into Star Entertainment’s Money Laundering Controls

Queensland initiates a new investigation to examine the money laundering controls of the Gambling...

Queensland Launches New Inquiry into Star Entertainment’s Money Laundering Controls Explore More

News

French Magazine XXI to Reveal ICIJ’s Take on Tax Havens

In an interview with ICIJ, XXI editor David Servenay says that the offshore world is more powerfu...

French Magazine XXI to Reveal ICIJ’s Take on Tax Havens Explore More

News

France Ranked Among Countries with Effective Measures to Tackle Financial Fraud

The latest FATF report ranks France among countries that have effective measures in combating fin...

France Ranked Among Countries with Effective Measures to Tackle Financial Fraud Explore More

News

UAE to Step Up AML Measures to Avoid FATF’s Gray List

After FATF’s warning to grey list the UAE for AML failures, the region is set to step up complian...

UAE to Step Up AML Measures to Avoid FATF’s Gray List Explore More

News

Joint US-Spanish Operation Broke a Multi-Million Euro Credit Card Scam

The US Secret Service and Spanish police were working together on an operation when they shut dow...

Joint US-Spanish Operation Broke a Multi-Million Euro Credit Card Scam Explore More

News

SEC Ramps Up Efforts to Tackle Identity Theft in the Captial Market

The Securities and Exchange Commission (SEC) has noted that the Identity Management System will d...

SEC Ramps Up Efforts to Tackle Identity Theft in the Captial Market Explore More

News

Hong Kong Authorities Warn Unregistered Virtual Assets Platforms May Face Large Fines and Imprisonment

On August 7th, the Hong Kong Securities and Futures Commission (SFC) warned all platforms working...

Hong Kong Authorities Warn Unregistered Virtual Assets Platforms May Face Large Fines and Imprisonment Explore More

News

FATF and EU Delist Bahamas from AML Blacklist

European Union has finally removed Bahamas from its AML blacklist, right after FATF has delisted ...

FATF and EU Delist Bahamas from AML Blacklist Explore More

News

Money Laundering in Ireland Skyrockets as Criminals Move Online

The cases of money laundering in Ireland has more than doubled last year and now it has spiked si...

Money Laundering in Ireland Skyrockets as Criminals Move Online Explore More

News

NZ FMA Announces to Tighten AML/CFT Approach

FMA intends to closely monitor firms’ processes, with comprehensive assessments of how they onboa...

NZ FMA Announces to Tighten AML/CFT Approach Explore More

News

FSA Japan Considers Imposing Stricter Regulation on Cryptocurrency

The updated regulation will be designed to provide better protection to Japanese investors. Accor...

FSA Japan Considers Imposing Stricter Regulation on Cryptocurrency Explore More

News

SEC Cautions Citizens Regarding Digital Investment Scams in the Philippines

The Securities and Exchange Commission (SEC)  has warned the public to pay caution while making d...

SEC Cautions Citizens Regarding Digital Investment Scams in the Philippines Explore More

News

FCA Fines Santander and Metro Bank for AML Compliance Gaps

The financial market regulator FCA has found compliance gaps in Anti Money Laundering (AML) syste...

FCA Fines Santander and Metro Bank for AML Compliance Gaps Explore More

News

Swiss Regulator FINMA Issues DLT Act for Digital Securities Market

The Financial Market Supervisory Authority (FINMA) introduced regulatory amendments for digital s...

Swiss Regulator FINMA Issues DLT Act for Digital Securities Market Explore More

News

Russian Central Bank Still Saying “No to Use of Crypto in Settlements”

Russia’s Central Bank has put another wrench in the pro-business Ministry of Finance’...

Russian Central Bank Still Saying “No to Use of Crypto in Settlements” Explore More

News

Cryptocurrencies Need Regulation to Prevent Money Laundering, Says Singapore Minister

A panel of regulators and bankers at the World Economic Forum stated that cryptocurrency need to ...

Cryptocurrencies Need Regulation to Prevent Money Laundering, Says Singapore Minister Explore More

News

Chinese Police Seize $124M Money Laundering Scam in Zunyi City

The money laundering gang was able to conceal its fraudulent activities for a while by using 500 ...

Chinese Police Seize $124M Money Laundering Scam in Zunyi City Explore More

News

Russians Approach UAE’s Crypto Firms in Search of Safe Havens

The UAE’s crypto firms and real estate sector are being used by Russians as safe havens to liquid...

Russians Approach UAE’s Crypto Firms in Search of Safe Havens Explore More

News

Property Brokers in New Zealand Given Official Warning over AML/CFT Compliance

An eighty-branch real estate agency in New Zealand, Property Brokers, has received their first fo...

Property Brokers in New Zealand Given Official Warning over AML/CFT Compliance Explore More

News

Roll-out of vital banking fraud check postponed again due to Coronavirus

A crucial banking security check that could avert the loss of millions of pounds to internet frau...

Roll-out of vital banking fraud check postponed again due to Coronavirus Explore More

News

Nigerian Crypto Firms Adopts KYC Measures to Comply with CBN’s Directives

The Nigerian crypto exchanges have started complying with the directives provided by the Central ...

Nigerian Crypto Firms Adopts KYC Measures to Comply with CBN’s Directives Explore More

News

Facial Recognition Market to Grow 12.5% Annually Through 2024

According to a new report by Mordor Intelligence, the facial recognition market is expected to gr...

Facial Recognition Market to Grow 12.5% Annually Through 2024 Explore More

News

Philippines Extends Registration Period for Amended AML Regulations

The Anti-Money Laundering Council in the Philippines has revisited the guidelines of the Anti-mon...

Philippines Extends Registration Period for Amended AML Regulations Explore More

News

Nepal’s Foreign Employment Sector Witnesses a Surge in Fraudulent Cases

The number of individuals seeking international employment from Nepal has increased, and so do th...

Nepal’s Foreign Employment Sector Witnesses a Surge in Fraudulent Cases Explore More

News

HKMA Issues Mandate to Encourage Innovation in AML/CFT

Hong Kong’s Monetary Authority is set to launch interactive lab sessions to experiment with innov...

HKMA Issues Mandate to Encourage Innovation in AML/CFT Explore More

News

U.K. Parliament Introduces New Online Safety Bill to Curb Push Payment Fraud

The UK Parliament introduces a new Online Safety Bill, to mitigate push payment fraud and increas...

U.K. Parliament Introduces New Online Safety Bill  to Curb Push Payment Fraud Explore More

Take the next steps to better security.

Contact us

Get in touch with our experts. We'll help you find the perfect solution for your compliance and security needs.

Contact us

Request demo

Get free access to our platform and try our products today.

Get started