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OCBC Fines Money Laundering Suspect $19.7million

The Oversea-Chinese Banking Corporation (OCBC) has fined the individuals involved in Singapore’s ...

OCBC Fines Money Laundering Suspect $19.7million Explore More

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Coincheck customers fall victim to a data breach

In 2018, Coincheck, the Japanese firm, fell victim to probably the largest cryptocurrency hack in...

Coincheck customers fall victim to a data breach Explore More

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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

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Norway’s DNB is Facing a Possible Fine of $45M for Poor AML Compliance

Norway’s leading bank, DNB ASA, faces the possibility of a $45 million penalty for its inadequate...

Norway’s DNB is Facing a Possible Fine of $45M for Poor AML Compliance Explore More

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Falklands and Gibraltar Still on Spanish ‘Tax Haven’ List, Says Report

The official Spanish Gazette published a list which consists of Falklands/Malvinas and Gibraltar ...

Falklands and Gibraltar Still on Spanish ‘Tax Haven’ List, Says Report Explore More

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IRS Highlights Potential Risk of Fraud in NFTs and Cryptocurrencies

IRS highlights Non-Fungible Token (NFTs) and crypto as the potential risk of financial crimes, in...

IRS Highlights Potential Risk of Fraud in NFTs and Cryptocurrencies Explore More

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EU Limits Use of Cash and Cryptocurrency to Curb Financial Fraud

The European Union (EU) has issued new measures to limit use of cash and cryptocurrencies to tack...

EU Limits Use of Cash and Cryptocurrency to Curb Financial Fraud Explore More

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FBI Springfield Warns of Growing Fraud Targetting the Elderly

The FBI has warned people of growing elderly fraud.  As per the Internet Crime Complaint Center&#...

FBI Springfield Warns of Growing Fraud Targetting the Elderly Explore More

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Danish Gaming Regulator to Support the Ministry of Justice’s National AML Strategy

Denmark promises to crackdown on money laundering activities across the nation with a new AML str...

Danish Gaming Regulator to Support the Ministry of Justice’s National AML Strategy Explore More

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Face Detection Tool to Fight Bots Under Trial by Facebook

Facebook is currently battling a $35 billion class-action lawsuit for alleged misuse of facial re...

Face Detection Tool to Fight Bots Under Trial by Facebook Explore More

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FCA Puts its Foot Down Against Money laundering in Banking Sector

Financial Conduct Authority, FCA, is taking action against money laundering in the banking and fi...

FCA Puts its Foot Down Against Money laundering in Banking Sector Explore More

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Business Registry and FIAU Join Hands to Get Malta Off FATF Grey List

The Financial Intelligence Analysis Unit (FIAU) and Malta Business Registry (MBR) have signed an ...

Business Registry and FIAU Join Hands to Get Malta Off FATF Grey List Explore More

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President Biden Takes the Reins with Halting Digital Assets’ Rule Making

Regulatory proposal regarding digital assets has been frozen by President Joe Biden. Biden took h...

President Biden Takes the Reins with Halting Digital Assets’ Rule Making Explore More

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EU Parliament to Consider Black-Listing Switzerland After Credit Suisse Leaks

The European Parliament’s main political group called for a review of Switzerland’s banking pract...

EU Parliament to Consider Black-Listing Switzerland After Credit Suisse Leaks Explore More

News

Google Warns 12,000 Victims of Government Hacks

In just three months, from July to September 2019, Google sent out 12,000 warnings to people who ...

Google Warns 12,000 Victims of Government Hacks Explore More

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The Cayman Islands Pleads to be Removed from the FATF’s ‘Gray List’ of Jurisdictions Suspected of Money Laundering

An initiative by the Cayman Islands in France, on June 19th, asked the Financial Authority Task F...

The Cayman Islands Pleads to be Removed from the FATF’s ‘Gray List’ of Jurisdictions Suspected of Money Laundering Explore More

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Hawaii introduces facial recognition for COVID-19 airport screening

Hawaii transportation authorities on Monday revealed the latest element of their attempts against...

Hawaii introduces facial recognition for COVID-19 airport screening Explore More

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SA Banks at High Risk of Money Laundering & Terrorist Financing, Says Prudential Authority Report

South African banks have moved up into the high-risk category in the new report from the Prudenti...

SA Banks at High Risk of Money Laundering & Terrorist Financing, Says Prudential Authority Report Explore More

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US Judge Approves Danske Bank’s $2 Billion Settlement to End Estonia Probe

A US judge has approved Danske Bank’s guilty plea in a $2 billion pact to end a probe into ...

US Judge Approves Danske Bank’s $2 Billion Settlement to End Estonia Probe Explore More

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Europol Warns Trade-Based Money Laundering Poses Substantial Threat to Financial Institutions

Financial institutions faced trade-based money laundering as a new threat since the digitalisatio...

Europol Warns Trade-Based Money Laundering Poses Substantial Threat to Financial Institutions Explore More

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Danske Bank Charged with $413m for Defrauding Investors about AML Shortcomings

The Securities and Exchange Commission has charged Danske Bank $413 million for misleading its cu...

Danske Bank Charged with $413m for Defrauding Investors about AML Shortcomings Explore More

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Star Casino’s Share Tumbles 21% Following Money Laundering Allegations

Individuals banned from gambling at the Star casino in Sydney had been permitted to gamble at Sta...

Star Casino’s Share Tumbles 21% Following Money Laundering Allegations Explore More

News

FBI Reveals North Korea’s Lazarus Group Involvement in $41 Million Stake Hack

US Federal Bureau Investigation (FBI) has revealed that the North Korean hacking group, Lazarus, ...

FBI Reveals North Korea’s Lazarus Group Involvement in $41 Million Stake Hack Explore More

News

SEC Enforces Srilankan Compliance Officers To Conduct Adequate AML Measures

The Security Exchange Commission of Sri Lanka (SECS) and Colombo Stock Exchange (CSE) recently ar...

SEC Enforces Srilankan Compliance Officers To Conduct Adequate AML Measures Explore More

News

Bank of Ghana Issues New Guidelines for AML and CTF

The Bank of Ghana (BOG) has introduced new directives on Anti Money Laundering/Combating the Fina...

Bank of Ghana Issues New Guidelines for AML and CTF Explore More

News

South Africa Issues Stricter Guidelines for Crypto Traders

To prevent the surging cases of financial crime, South Africa has introduced rigid regulations fo...

South Africa Issues Stricter Guidelines for Crypto Traders Explore More

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Dubai Jails 9 and Fines Over Dh15 Million for Money Laundering

Dubai courts have issued prison sentences to 9 offenders for money laundering. The Emirates conti...

Dubai Jails 9 and Fines Over Dh15 Million for Money Laundering Explore More

News

Central Bank of Nigeria (CBN) Gives Financial Institutions 30 day Deadline to Close Accounts Without Bank Verification (BVN)

Financial institutions and banks have been given a 30 days notice period by the Central Bank of N...

Central Bank of Nigeria (CBN) Gives Financial Institutions 30 day Deadline to Close Accounts Without Bank Verification (BVN) Explore More

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Interpol Seizes $130M Worth of Virtual Assets from Cybercriminals Worldwide

The International Criminal Police Organization Interpol has seized $130 million worth of virtual ...

Interpol Seizes $130M Worth of Virtual Assets from Cybercriminals Worldwide Explore More

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The UK Introduces Beneficial Ownership Register for Overseas Entities

The implementation of the UK government’s Economic Crime (Transparency and Enforcement) Bill has ...

The UK Introduces Beneficial Ownership Register for Overseas Entities Explore More

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Manitoba Expands Criminal Property Forfeiture Branch to Counter Money Laundering

The Manitoba government is expanding the Criminal Property Forfeiture (CPF) branch as part of its...

Manitoba Expands Criminal Property Forfeiture Branch to Counter Money Laundering Explore More

News

Russians Turn To Crypto As the West Imposes Financial Sanctions

Data has shown that Russians are turning towards transactions in cryptocurrency as a result of we...

Russians Turn To Crypto As the West Imposes Financial Sanctions Explore More

News

U.S. SEC chair nominated to regulate crypto oversight

William Barr, United States Attorney General announced that President Trump is likely to task Jay...

U.S. SEC chair nominated to regulate crypto oversight Explore More

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Singapore and Europe Enhance AML Framework to Fight Financial Crimes Effectively

Singapore and Europe have emerged with enhanced AML requirements for corporate services businesse...

Singapore and Europe Enhance AML Framework to Fight Financial Crimes Effectively Explore More

News

Binance Tightens KYC Verification to Meet Regulatory Compliance

Customers that fail to meet the new requirements will only be allowed to withdraw funds, close po...

Binance Tightens KYC Verification to Meet Regulatory Compliance Explore More

News

AUSTRAC: Loan Fraud is the Main AML/CFT threat to Non-banks

AUSTRAC report states loan scams and identity fraud as the main threat to AML/CFT compliance when...

AUSTRAC: Loan Fraud is the Main AML/CFT threat to Non-banks Explore More

News

Money Laundering Crackdown on UK Law Firms

The regulators at Solicitor Regulators Authority (SRA) asked 400 law firms earlier this year to p...

Money Laundering Crackdown on UK Law Firms Explore More

News

Israel Enforces New Regulations for the Transfer of Digital Currency

The new digital currency regulations will allow Israeli banks to profit from cryptocurrency tradi...

Israel Enforces New Regulations for the Transfer of Digital Currency Explore More

News

SA Government Passes New Legislation to Avoid FATF Gray list

South African government has passed two crucial legislations to prevent potential greylisting by ...

SA Government Passes New Legislation to Avoid FATF Gray list Explore More

News

The UK’s largest mobile operator EE has announced its Digital Identity platform

EE, the UK’s largest mobile operator has announced its new Digital Identity platform to protect c...

The UK’s largest mobile operator EE has announced its Digital Identity platform Explore More

News

Small Business Group Sues Treasury Department Over ‘Money Laundering Transparency Initiative’

A small business lobbying group has sued the Treasury Department over asking more than 30 million...

Small Business Group Sues Treasury Department Over ‘Money Laundering Transparency Initiative’ Explore More

News

Actor Behind $650M Ponzi Scheme Set to Face 20-Year Jail Time

The actor was arrested on account of wire fraud, identity theft, securities fraud, and executing ...

Actor Behind $650M Ponzi Scheme Set to Face 20-Year Jail Time Explore More

News

BC Law Society Holds Honorary Consul of Ukraine Accountable for Failure to Prevent Money Laundering

BC Law Society holds Ukraine’s Honorary Consul accountable for failing to prevent money launderin...

BC Law Society Holds Honorary Consul of Ukraine Accountable for Failure to Prevent Money Laundering Explore More

News

African Federal Government Urges Collaboration to Combat Money Laundering and Terrorist Financing

The African Federal Government stressed the urgent teamwork needed to combat money laundering, te...

African Federal Government Urges Collaboration to Combat Money Laundering and Terrorist Financing Explore More

News

FCA Unveils Three-Year Anti-Money Laundering Strategy to Curb Financial Crime

The FCA unveiled in its new report a three-year anti-money laundering strategy which includes a n...

FCA Unveils Three-Year Anti-Money Laundering Strategy to Curb Financial Crime Explore More

News

UK Fines Dixons Carphone for Massive Breach

Dixons Carphone is one of the largest electronics and phone retailers in the UK. Recently British...

UK Fines Dixons Carphone for Massive Breach Explore More

News

£23.8 Million Fined to MT Global for AML Non-Compliance

A Money Service Business (MSB) firm, MT Global, penalized by HM Revenue and Customs for breaching...

£23.8 Million Fined to MT Global for AML Non-Compliance Explore More

News

UAE’s Economic Integration Committee Highlights Files of Mutual Investigation with FATF

In the latest Economic Integration Committee meeting, the UAE’s financial regulatory authorities ...

UAE’s Economic Integration Committee Highlights Files of Mutual Investigation with FATF Explore More

News

AMLC Reports Steady Rise in Phishing and Hacking Attacks in the Philippines

The Anti Money Laundering Council (AMLC) has reported a steady rise in phishing and hacking attac...

AMLC Reports Steady Rise in Phishing and Hacking Attacks in the Philippines 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

US Authorities Government Announce Limitations to Crypto Industry to Combat Money Laundering

The US officials stated they will limit cryptocurrency firms’ operation in the country if t...

US Authorities Government Announce Limitations to Crypto Industry to Combat Money Laundering Explore More

News

Tech Analysts Say Elgin Data Breach May Prove “Devastating” for Those Vulnerable to Identity Fraud

Technology experts raise questions about the lack of transparency of the municipality in dealing ...

Tech Analysts Say Elgin Data Breach May Prove “Devastating” for Those Vulnerable to Identity Fraud 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

Experts Warn Many Firms Will Face Challenges With Latest FCA UK Crypto Law

The UK’s Financial Conduct Authority (FCA) updated the crypto industry regulations recently, whic...

Experts Warn Many Firms Will Face Challenges With Latest FCA UK Crypto Law 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

EU Parliament to Consider Black-Listing Switzerland After Credit Suisse Leaks

The European Parliament’s main political group called for a review of Switzerland’s banking pract...

EU Parliament to Consider Black-Listing Switzerland After Credit Suisse Leaks Explore More

News

FInTech solutions to be incorporated by Chinese banks

According to International Data Corporation (IDC), an international market intelligence firm, as ...

FInTech solutions to be incorporated by Chinese banks Explore More

News

COVID at EURO 2020 Reinforced the Need for Digital COVID Pass

With 2 infected players infiltrating the entire stadium, many are fearing the spread of COVID-19 ...

COVID at EURO 2020 Reinforced the Need for Digital COVID Pass Explore More

News

A Ponzi Scheme of $2.7 Million Unleashed

According to the U.S Department of Justice, a former attorney from Allentown was sentenced to six...

A Ponzi Scheme of $2.7 Million Unleashed Explore More

News

South Korea’s Telecom Giant to Introduce Blockchain Wallets for Official Documents

SK Telecom, a South Korean telecom giant, has announced its first e-wallet for digitally storing ...

South Korea’s Telecom Giant to Introduce Blockchain Wallets for Official Documents Explore More

News

Isle of Man Urged to Take Further Steps to Counter Money Laundering

The Council of Europe’s anti-money laundering committee has again called for an extension in the ...

Isle of Man Urged to Take Further Steps to Counter Money Laundering Explore More

News

NSW Make Reforms to Counter Money Laundering and Gambling

The New South Wales government embraces new reforms to counter the issue of money laundering and ...

NSW Make Reforms to Counter Money Laundering and Gambling Explore More

News

Google CEO voices his concerns regarding AI and its potential harmful damages in the future

Sundar Pichai, Google CEO gave a statement on Monday regarding Artificial Intelligence and its in...

Google CEO voices his concerns regarding AI and its potential harmful damages in the future Explore More

News

COVID Vaccine Certificate Fraud Leads to Suspension of GGD Employees

A 20-year-old man arrested for being a part of Covid-19 certificate fraud. Many GGD employees are...

COVID Vaccine Certificate Fraud Leads to Suspension of GGD Employees Explore More

News

FINMA Penalizes Swiss Bank over Money Laundering of $78 Million

The Swiss regulatory authority, FINMA, initiated a lawsuit against the senior management at Juliu...

FINMA Penalizes Swiss Bank over Money Laundering of $78 Million Explore More

News

US Justice Department Helps Brazilian Government to Seize $24 Million in Crypto Fraud

An official request from the Brazilian government was made to the US government for helping to se...

US Justice Department Helps Brazilian Government to Seize $24 Million in Crypto Fraud Explore More

News

FATF Examines Technology use in Making AML/CFT More Effective

FATF has recognized the importance of combining human input and manual review with automation for...

FATF Examines Technology use in Making AML/CFT More Effective Explore More

News

Ramon Abbas, Nigerian Instagram Influencer Pleads Guilty to Million-dollar Fraud

Nigerian instagram influencer, Ramon Abbas (Hushpuppi), admitted that he was involved in a conspi...

Ramon Abbas, Nigerian Instagram Influencer Pleads Guilty to Million-dollar Fraud Explore More

News

Banks warned against profiteering from UK coronavirus crisis

British institutions, including banks, have been urged to avoid profiteering from the Coronavirus...

Banks warned against profiteering from UK coronavirus crisis Explore More

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PayPal Announces Suspension of UK Crypto Purchases from October

PayPal announced a temporary ban on UK cryptocurrency purchases, demonstrating their swift compli...

PayPal Announces Suspension of UK Crypto Purchases from October Explore More

News

Financial Intelligence Center Says SA Car Dealers Are at High Risk of Money Laundering

The Financial Intelligence Centre (FIC) has said that SA’s motor vehicle dealers are at a high ri...

Financial Intelligence Center Says SA Car Dealers Are at High Risk of Money Laundering Explore More

News

Shufti is nominated for ‘Oustanding Product/ Service’

Global business excellence awards nominated Shufti for the category of outstanding product/ s...

Shufti is nominated for ‘Oustanding Product/ Service’ Explore More

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