Read More about fast-id page

Shufti globally launches webinr-icon - a new kind of identity solution!

Shufti globally launches - a new kind of identity solution!

Read more

Scotland Police Give Warnings Due to the Rise in Cybercrime

Scotland police news

Highland Police is taking a major initiative to warn the businesses of a spike in cybercrime and how they should protect themselves against it. Cybercrime is becoming a commonly experienced crime in the area.

Criminals are exploiting the vulnerable businesses and their customers and manipulating them out of their money or important personal information. Police say that criminals are becoming more advanced and they are using technology to perform fraud. According to government research, there has been an increase in fraud by 23%.

Malcolm Graham, Deputy Chief constable of Scotland’s Police department says, “We are well aware that fraud continues to rise and want to take the opportunity to warn the public and businesses take a few steps to protect themselves and remain vigilant. The banking and finance industry is committed to protecting customers from scams and is working closely with law enforcement and others to target the criminal gangs responsible, with almost £7 in £10 of fraud prevented in the first half of this year.”

The current pandemic has played an important role in the spike of fraud and crime. People have been contained in their homes spending an increasing amount of time on cyberspace which has led to the growth in crime on digital platforms. The police department has given out strategies that allow the entities to stay clear of the crime.

Katy Worobec, Managing Director of Economic Crime at UK Finance said, “Criminals are experts at impersonating people, organizations, and the police. Particularly with the impact of Covid-19 and an increasingly digitized society, criminals are ruthlessly adapting their methods to target consumers online, via social media, and over the phone. These scams are often sophisticated and well-researched.”

The police department is committed to eliminating the fraudsters that harm the community.

Related Posts

News

TD Banking Group Expects US Penalties for Money Laundering

TD Banking Group disclosed that they expect fines and non-compliance penalties related to US auth...

TD Banking Group Expects US Penalties for Money Laundering Explore More

News

Norway to Revive Travel by Introducing Vaccine Passports

By the Summer of 2021, Norway plans to revive travel to and from the country as it joins the list...

Norway to Revive Travel by Introducing Vaccine Passports Explore More

News

US Court Sentences Nigerian FinTech Executives for Money Laundering Worth $167 Million

The US Court jails the Fintech Executives of Nigeria over a Money Laundering Case comprising $167...

US Court Sentences Nigerian FinTech Executives for Money Laundering Worth $167 Million Explore More

News

China Makes Facial Recognition Mandatory For Smartphone Users

China is making it mandatory for all smartphone users who register new SIM cards to submit to fac...

China Makes Facial Recognition Mandatory For Smartphone Users Explore More

News

Wells Fargo Hit With $37M Fine Over Forex Fraud

Improper financial handling, defrauding others, and taking advantage of customers has become a no...

Wells Fargo Hit With $37M Fine Over Forex Fraud Explore More

News

New US Legislation Implemented to Enhance Supervision of Cryptocurrency Transactions

US lawmakers introduced a new bill, the “Off-Chain Digital Commodity Transaction Reporting Act,” ...

New US Legislation Implemented to Enhance Supervision of Cryptocurrency Transactions Explore More

News

US Department Of Justice Announces Enforcement Actions to Regulate Cryptocurrency

The US Department of Justice (DOJ) announced several enforcement actions against cryptocurrency a...

US Department Of Justice Announces Enforcement Actions to Regulate Cryptocurrency Explore More

News

Taiwan FSC to Ease Authentication Rules through Biometric Verification

According to new rules, banks will be using biometric authentication methods to fulfil ID authent...

Taiwan FSC to Ease Authentication Rules through Biometric Verification Explore More

News

Deepfakes on TikTok raise new security concerns

Deepfakes have started showing up on the popular video app TikTok, owned by ByteDance, a Chinese ...

Deepfakes on TikTok raise new security concerns Explore More

News

Financial Fraud Alerts in the UK are Most Prevalent in Crypto Firms, Reports FCA

FCA has labeled crypto as the top sector for financial scam warnings in the UK.  As of now, there...

Financial Fraud Alerts in the UK are Most Prevalent in Crypto Firms, Reports FCA Explore More

News

FinCEN to Expand GTOs on All-cash Real Estate Purchases to Stop Money Laundering

The Financial Crimes Enforcement Network (FinCEN) has announced the expansion of its GTOs. The ne...

FinCEN to Expand GTOs on All-cash Real Estate Purchases to Stop Money Laundering Explore More

News

FCA Fines ADM Investors for Violating Anti-Money Laundering Regulations

The UK regulatory department Financial Conduct Authority (FCA) fined $7.9 million to the commodit...

FCA Fines ADM Investors for Violating Anti-Money Laundering Regulations Explore More

News

Alfa-Bank to Offer Blockchain-Based Services for the Self-Employed People and Freelancers

Alfa-Bank is one of the largest private commercial banks in Russia which is exploring blockchain-...

Alfa-Bank to Offer Blockchain-Based Services for the Self-Employed People and Freelancers Explore More

News

Landry’s Inc. warns customers of the potential data breach

Landry’s Inc., a parent company of more than 60 restaurant chains, installed a payment processing...

Landry’s Inc. warns customers of the potential data breach Explore More

News

Sydney’s ‘Mini Casino’ Venues Suspected for Money Laundering

Sydney’s 10 “mini-casino” poker venues have been suspected of money laundering activities. Accord...

Sydney’s ‘Mini Casino’ Venues  Suspected for Money Laundering Explore More

News

SEC Updates Regulatory Disclosures for Chinese Issuers Amid Crackdown

Chinese businesses, as per a ruling by the SEC, are directed to present additional disclosures re...

SEC Updates Regulatory Disclosures for Chinese Issuers Amid Crackdown Explore More

News

Poloniex Agrees to Pay $7.6M in Settlement of Sanctions Violations

In a settlement with the Office of Foreign Asset Control (OFAC), Poloniex LLC, a former subsidiar...

Poloniex Agrees to Pay $7.6M in Settlement of Sanctions Violations Explore More

News

UAE police show how fraudsters can access your bank account

Abu Dhabi Police has alerted people against the download of unknown apps so they can secure their...

UAE police show how fraudsters can access your bank account Explore More

News

Money Laundering Becomes Another Cause of Poverty, Says UN

According to the latest UN’s report, over 10% of the world’s wealth could be hidden in overseas b...

Money Laundering Becomes Another Cause of Poverty, Says UN Explore More

News

Central Bank of Nigeria Lifts Limit on $10k Deposits for Domestic Account Holders

Domestic account holders of Nigeria will be able to access the funds in their accounts without hi...

Central Bank of Nigeria Lifts Limit on $10k Deposits for Domestic Account Holders Explore More

News

NYDFS States Signature Bank’s Closure Was Not Linked to Crypto

According to the head of NYDFS, the decision to close Signature Bank last month had nothing to do...

NYDFS States Signature Bank’s Closure Was Not Linked to Crypto Explore More

News

EU to Investigate Google and Facebook’s Data Collection Practices

The European Union has begun preliminary investigations into the data collection practices of Goo...

EU to Investigate Google and Facebook’s Data Collection Practices Explore More

News

FinTech and InsureTech Booms in Israel as $120M Raised for Investments

FinTLV, a fund based in Tel Aviv, has announced that it has collected $120 million worth of funds...

FinTech and InsureTech Booms in Israel as $120M Raised for Investments Explore More

News

Kenya Flags Betting Jackpots as Possible Avenues for Money Laundering

Kenya has flagged the mega jackpots paid to the punters in the country as the possible avenues fo...

Kenya Flags Betting Jackpots as Possible Avenues for Money Laundering Explore More

News

UAE: Virtual Asset Fraudsters to Face Imprisonment, Dh 1M Fine

Residents in the UAE have been advised to perform due diligence procedures prior to investing in ...

UAE: Virtual Asset Fraudsters to Face Imprisonment, Dh 1M Fine Explore More

News

South Africa Gets the Green Signal for New AML/CTF Laws

South Africa has finally gotten a green signal for new finance laws to address shortcomings ident...

South Africa Gets the Green Signal for New AML/CTF Laws Explore More

News

B.C. Real Estate Company Fined $230K for Multiple AML Violations

Nu Stream Realty Inc. has been fined $230,423 for failure to comply with federal Anti-Money Laund...

B.C. Real Estate Company Fined $230K for Multiple AML Violations Explore More

News

Crypto Under Threat – UK Banks are Blocking Payments

Due to rising financial crimes related to cryptos, banks in the UK are blocking payments to crypt...

Crypto Under Threat – UK Banks are Blocking Payments Explore More

News

Economic and Financial Crimes Commission (EFCC) Notifies Estate Agents of Anti-Money Laundering Procedures

The Economic and Financial Crime Commission (EFCC) has instructed estate agents in Port Harcourt ...

Economic and Financial Crimes Commission (EFCC) Notifies Estate Agents of Anti-Money Laundering Procedures Explore More

News

Crown Resorts Accused of ‘Serious and Systemic’ Money-Laundering Breaches

AUSTRAC has brought Crown Resorts to court as the casino breached anti-money laundering regulatio...

Crown Resorts Accused of ‘Serious and Systemic’ Money-Laundering Breaches Explore More

News

Homeland Security Takes Back Its Plans of Facial Recognition for US Citizens

The Department of Homeland Security (DHS) is taking back its decision to implement a policy that ...

Homeland Security Takes Back Its Plans of Facial Recognition for US Citizens Explore More

News

The Bicycle Hotel & Casino Fined $500K For Violating AML Laws

The Bicycle Hotel and Casino will be paying $500K in fine as it failed to report Currency Transac...

The Bicycle Hotel & Casino Fined $500K For Violating AML Laws Explore More

News

FEMA Confirms Seizure of 288 Crore Funds of Chinese-owned NBFC

The FEMA has confirmed the seizure of 288 crores worth of funds of a “Chinese-owned” ...

FEMA Confirms Seizure of 288 Crore Funds of Chinese-owned NBFC Explore More

News

Satabank Penalized with €851,000 for Non-Compliance

Financial Intelligence Analysis Unit (FIAU) on Statabank has decided to fine the bank the sum of ...

Satabank Penalized with €851,000 for Non-Compliance Explore More

News

Europol Arrests 106 Suspects in Money Laundering, Online Fraud Case

The organised crime operation involved phishing scams and numerous business email compromise atta...

Europol Arrests 106 Suspects in Money Laundering, Online Fraud Case Explore More

News

Swiss Prosecutors Scrutinize Lebanon’s Central Bank for Money Laundering

Prosecutors in Switzerland are carrying out investigations from the British Virgin Islands to Gen...

Swiss Prosecutors Scrutinize Lebanon’s Central Bank for Money Laundering Explore More

News

Enhancing Transparency and Beneficial Ownership in the Fight Against Trade-Based Money Laundering

Criminals use trade-based money laundering (TBML) to move illicit money across jurisdictions. TBM...

Enhancing Transparency and Beneficial Ownership in the Fight Against Trade-Based Money Laundering Explore More

News

HKMA Fines Four Banks with $5.7 Million for AML Failings

Hong Kong’s financial regulator has imposed fines on four banks with a combined amount of $5.7 mi...

HKMA Fines Four Banks with $5.7 Million for AML Failings Explore More

News

Visa, Mastercard Face FTC Inquiry Over Debit Card Transactions

Visa Inc. and Mastercard Inc. are once again facing inquiries by the Federal Trade Commission ove...

Visa, Mastercard Face FTC Inquiry Over Debit Card Transactions Explore More

News

Members of Spalding Club Charged for Money Laundering Through Investment Scheme

Lincolnshire police reported suspected fraud cases in connection with a trading-based investment ...

Members of Spalding Club Charged for Money Laundering Through Investment Scheme Explore More

News

59 Arrested in Vietnam Crackdown on Illegal Crypto Gambling Group

Law enforcement bodies arrested 59 Vietnamese in illicit gambling schemes and were suspected of $...

59 Arrested in Vietnam Crackdown on Illegal Crypto Gambling Group Explore More

News

Deutsche Bank Subordinate DWS Fined $25 Million for AML Violations

In the latest enforcement action, the Security Exchange Commission (SEC) has fined $25 million to...

Deutsche Bank Subordinate DWS Fined $25 Million for AML Violations Explore More

News

Regulators Seize First Republic Bank and Sell a Portion of Assets to JPMorgan

Regulators seized First Republic Bank and sold a portion of its assets to JPMorgan Chase. This is...

Regulators Seize First Republic Bank and Sell a Portion of Assets to JPMorgan Explore More

News

Banks take measures to serve customers amid COVID-19

The banking industry is stepping up to serve customers as well as their employees as the Coronavi...

Banks take measures to serve customers amid COVID-19 Explore More

News

Skyrocketing NFT Sales Raise Concerns for Tax, Law Enforcement

Last month, the sales for a digital art piece was surprisingly high and raised many questions for...

Skyrocketing NFT Sales Raise Concerns for Tax, Law Enforcement Explore More

News

FCA Warns Against Unregistered Crypto ATM Use

The Financial Conduct Authority (FCA) has begun taking action against unauthorised crypto ATMs in...

FCA Warns Against Unregistered Crypto ATM Use Explore More

News

Ripple CEO urges US Regulators to embrace Crypto

Brad Garlinghouse, CEO Ripple has encouraged the US regulator “to step up and lean into digital c...

Ripple CEO urges US Regulators to embrace Crypto Explore More

News

Central Bank of UAE Issues Updated Guidance For Licensed Financial Institutions

CBUAE issues updated guidance for licenced financial institutions on growing risks of money laund...

Central Bank of UAE Issues Updated Guidance For Licensed Financial Institutions Explore More

News

EU Parliament Reaches Provisional Agreement on Extending Rules for Crypto Assets

The Council Presidency has reached a provisional agreement with the EU Parliament regarding the r...

EU Parliament Reaches Provisional Agreement on Extending Rules for Crypto Assets Explore More

News

Japan to Enforce Strict Anti-Money Laundering Laws on Cryptocurrency

A stringent set of anti-money laundering measures will be implemented in Japan starting June 1st,...

Japan to Enforce Strict Anti-Money Laundering Laws on Cryptocurrency Explore More

News

Singapore offers $70M to aid the fintech industry during COVID-19

Singapore has allocated SG$125 million ($70.89 million) to assist its financial services industry...

Singapore offers $70M to aid the fintech industry during COVID-19 Explore More

News

‘EU Has Fragmented Approach to Combat FinCrime’, Says ECA

The European Court of Auditors (ECA) has identified weaknesses in the Anti-Money Laundering polic...

‘EU Has Fragmented Approach to Combat FinCrime’, Says ECA Explore More

News

Cabinet Pressurizing BVI to Improve its Financial Laws

Many international financial regulatory bodies have pointed fingers at BVI’s financial service in...

Cabinet Pressurizing BVI to Improve its Financial Laws Explore More

News

FINRA Issues Notice to Remind Firms of Nation-wide AML/CFT Priorities

FINRA has issued a notice reminding all member firms to comply with AML/CFT priorities as mandate...

FINRA Issues Notice to Remind Firms of Nation-wide AML/CFT Priorities Explore More

News

UK Gambling Commission Charges Kindred Brand $8.7M over AML Shortcomings

The UK Gambling Commission has charged the Kindred Group with a hefty £4.19-million (US$5.15 mill...

UK Gambling Commission Charges Kindred Brand $8.7M over AML Shortcomings Explore More

News

Manchester Police Retrieves & Returns $23 Million Stolen Crypto Assets to Scam Victims

Manchester police have confiscated over $25 million worth of crypto that were stolen globally in ...

Manchester Police Retrieves & Returns $23 Million Stolen Crypto Assets to Scam Victims Explore More

News

London has been Dubbed as a Money Laundering Base

The UK’s capital has been dubbed as a potential hotbed for organised crime, especially after Brex...

London has been Dubbed as a Money Laundering Base Explore More

News

Westpac Freezes Executive’s Bonuses Amid Money Laundering Scandal

Westpac’s board will withhold bonuses of all of its senior executives as an ‘interim’ step follow...

Westpac Freezes Executive’s Bonuses Amid Money Laundering Scandal Explore More

News

FIAU Imposes €60,000 Fine on Audit Firm for AML Failings

€60,000 fine imposed on an audit company, for failing to report money laundering and suspected ta...

FIAU Imposes €60,000 Fine on Audit Firm for AML Failings Explore More

News

Macau to Introduce Digital Currency to Combat AML Threats in Casinos

Macau is moving towards introducing digital currency to fight money laundering and tax evasion in...

Macau to Introduce Digital Currency to Combat AML Threats in Casinos Explore More

News

Guyana Holds US-Sponsored Conference to Examine Asset Recovery and Money Laundering Issues

The Judiciary of Guyana organised a two-day conference in collaboration with the US Department of...

Guyana Holds US-Sponsored Conference to Examine Asset Recovery and Money Laundering Issues Explore More

News

Equifax Survey shows Britain Prefers Biometric Verification

Credit reporting agency, Equifax, reports that Brits are much more open to adopting biometric aut...

Equifax Survey shows Britain Prefers Biometric Verification Explore More

News

European Banking Authority Publishes Final Guidelines on Remote Customer Onboarding

The European Banking Authority (EBA) has issued its final policies on remote customer onboarding ...

European Banking Authority Publishes Final Guidelines on Remote Customer Onboarding Explore More

News

Swiss Government Gears Up to Establish a Central Registry for Beneficial Ownership

The Swiss government plans to set up a central registry for beneficial ownership, a step that ind...

Swiss Government Gears Up to Establish a Central Registry for Beneficial Ownership Explore More

News

FCA Fines Ghana International Bank Over £5 million for Money Laundering Failings

The Financial Conduct Authority (FCA) has imposed a £5,829,900 financial penalty on Ghana Interna...

FCA Fines Ghana International Bank Over £5 million for Money Laundering Failings Explore More

News

Scammers Set to Defraud this Holiday Season, FBI Warns!

This holiday season, New Mexican shoppers are at risk of facing scammers. Criminals are all set t...

Scammers Set to Defraud this Holiday Season, FBI Warns! Explore More

News

AUSTRAC Partners With UK Counterpart to Fight Fraud

The financial intelligence agency has announced AUSTRAC has entered a new partnership with a UK c...

AUSTRAC Partners With UK Counterpart to Fight Fraud Explore More

News

Cambodian Minister of Justice Addresses AML Action Plan to Escape FATF’s Gray List

The Minister of Justice Koeut Rith has advised all financial institutions to continue their coope...

Cambodian Minister of Justice Addresses AML  Action Plan to Escape FATF’s Gray List Explore More

News

UK Publishes First National Risk Assessment of Proliferation Financing

The UK is at a high risk of proliferation financing for Korea and Iran, while UK financial instit...

UK Publishes First National Risk Assessment of Proliferation Financing Explore More

News

Global Plight: Australia Paves the Way for Money Laundering in the Property

Australia facilitates money laundering through the property, causing a global plight and perpetua...

Global Plight: Australia Paves the Way for Money Laundering in the Property Explore More

News

Coronavirus affects challenger banks as app downloads decline

According to Finbold, top challenger banks in the United Kingdom have noticed a sudden decline in...

Coronavirus affects challenger banks as app downloads decline Explore More

News

Singapore’s Public Warned Against the Highly Volatile Crypto World

Singapore’s financial regulators once again warn their public about the risks of the cryptocurren...

Singapore’s Public Warned Against the Highly Volatile Crypto World 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