Finextra

AUGUST 20, 2024

Committed to collaboratively advancing the crypto ecosystem’s security, Binance is working closely with law enforcement agencies around the globe in combating and deterring financial crime.

Law Enforcement 52

Law Enforcement Financial Crimes Scams Crime 52

PYMNTS

APRIL 15, 2019

Law enforcement agencies around the country are increasingly going after search warrants to obtain information from Google, based on the location data of phones near crimes, The New York Times reported. Officials in law enforcement who use the technique say it’s just a tool, and that suspects are still fully investigated. . “It

Law Enforcement 49

Law Enforcement Laws Crime Database 49

PYMNTS

DECEMBER 13, 2018

CUs are also actively communicating with law enforcement agencies, keeping regulators informed about suspicious activity, while receiving tips on noticeable trends that these same agencies are eyeing. AML Compliance Turns CUs Into Law Enforcement. Add it all up, and that can be a lot to handle. About The Tracker .

Law Enforcement 54

Law Enforcement Credit Union AML Laws 54

The Fintech Times

AUGUST 20, 2024

According to the Judiciary Police, telecom and online fraud caused losses of more than 310 million patacas (approximately $38.6million) last year, with telephone and investment fraud being the predominant crimes contributing to this number. The latest campaign will start as a month-long trial.

Scams 59

Scams Risk Law Enforcement Transactions 59

PYMNTS

JULY 17, 2018

This, he noted, leaves law enforcement with two major challenges. Pak told Webster that Mastercard has been cooperating with and supporting law enforcement for many years. Law enforcement in Singapore and elsewhere in the Asia-Pacific region, Pak told Webster, encounters counterfeit cards in a variety of contexts.

Law Enforcement 43

Law Enforcement Laws Visa Push-to-Card 43

BioCatch

MAY 14, 2024

Recently, the alarming increase in cases, especially the fake contact center scam, has drawn the attention of industry and law enforcement, primarily due to the high amount of money involved in these crimes. The topic of scams and fraud has been a recurrent theme in the news over the past years.

Law Enforcement 59

Law Enforcement Addressing Scams Crime 59

PYMNTS

DECEMBER 23, 2019

” As a regulatory initiative aimed at combatting financial crime, KYC requirements are growing ever-more complex, leading corporates and their banks to demand new technologies and services that can address their compliance challenges.

Law Enforcement 52

Law Enforcement Laws FTC SWIFT 52

The Fintech Times

AUGUST 31, 2024

According to the second part of the Mid-Year Crime Update , in 2020, scams that started at the beginning of the year lasted 271 days. Saying that, there are clear cases involving asset freezes and law enforcement intervention that show how victims can still be made whole,” added Jardine. per cent in 2022.

Romance Scams 59

Romance Scams Scams Law Enforcement Crime 59

Finovate

JULY 3, 2024

The USMS will use Coinbase Prime to centrally manage these Class 1 digital assets to facilitate various law enforcement activities. The USMS, a federal law enforcement agency within the Department of Justice, holds multiple roles within the U.S. judicial system.

Law Enforcement 52

Law Enforcement Caps Laws Money Laundering 52

Fintech News

JUNE 3, 2024

A 2023 research by Moody’s Analytics revealed a wealth of corporate structures enabling sanctions evasion, money laundering, fraud, and other financial crimes. Suspected proceeds of crime totaling S$1.23 The firm identified over 21 million risk activities across 472 million companies as of November 2023.

Money Laundering 108

Money Laundering Financial Crimes Crime APACS 108

BioCatch

JULY 18, 2024

When you report the crime, law enforcement tells you it's your fault for not having an "unbreakable" lock. Imagine keeping your house locked, only for burglars to break in.

Law Enforcement 40

Law Enforcement Scams Crime Laws 40

Payments Source

NOVEMBER 9, 2018

A new group aims to foster collaboration between fintechs and state and federal officials in the fight against crime — without hindering legitimate business innovation.

Law Enforcement 63

Law Enforcement Laws FinTech Crime 63

Fintech News

APRIL 11, 2024

Khoo, with an extensive background in public service, law enforcement, and national security, joins the company to enhance its efforts in combating fraud and financial crime within digital asset spaces. Blockchain intelligence company TRM Labs announced that it has named Boon Hui Khoo as its senior advisor.

Advisors 91

Advisors Law Enforcement Laws Financial Crimes 91

Innovative Payments Association

OCTOBER 3, 2023

​Mentions of Chicago and the FBI might conjure images of men in fedoras with Tommy Guns, but modern crime is much more electronic than it used to be. With that in mind, the IPA recently held a session with the Chicago Field Office of the FBI where agents spoke about the trends in crime and payments.

FBI 40

FBI Crime Law Enforcement Request for Information 40

Fintech Finance

JUNE 20, 2024

Flutterwave , Africa’s leading payments technology company, has committed to partnering with Nigeria’s Economic and Financial Crimes Commission (EFCC) to establish and lead a state-of-the-art Cybercrime Research Center.

Financial Crimes 97

Financial Crimes Crime FBI Law Enforcement 97

Fintech News

JUNE 23, 2024

Since the last assessment in 2014, Singapore has closely monitored ML risks, including those related to legal persons, virtual assets, and environmental crimes, to ensure timely risk mitigation.

Money Laundering 95

Money Laundering Risk Crime Law Enforcement 95

Fintech News

APRIL 22, 2024

This move aims to enhance law enforcement efficiency and prevent the laundering of money obtained through illegal activities. During a recent meeting on 19 April 2024, the Technology Crime Prevention and Suppression Committee mandated the SEC to identify and report unauthorised digital asset service providers to the ministry.

Blocks 93

Blocks Law Enforcement Money Laundering Crime 93

The Paypers

AUGUST 22, 2023

France-based Thales has introduced the Evidence and Investigation Suite, an advanced biometric identification solution designed for law enforcement.

Law Enforcement 36

Law Enforcement Crime Laws 36

Fintech News

JUNE 16, 2024

The Singapore Police Force (SPF) identified a multi-jurisdictional operation, with involvement from the Hong Kong Police Force (HKPF) and the Royal Malaysia Police (RMP), to investigate these crimes. The joint effort led to the arrest of the two suspects in Malaysia on 12 June 2024. They were extradited to Singapore on 14 June.

Scams 96

Scams Law Enforcement Crime Compromise 96

FICO

DECEMBER 23, 2020

Here is how we predict banks will endeavor to enhance their financial crimes controls in 2021: 1. We expect these advanced analytics will play an even greater role this year in the prevention and detection of money laundering, terrorist financing, and other illicit financial crimes. Regulators Will Zero in on Closing the Gaps.

Financial Crimes 52

Financial Crimes Crime Ransomware AI 52

The Fintech Times

JUNE 30, 2024

Lynx , a provider of artificial intelligence (AI) software that detects and prevents fraud and financial crimes, has introduced a real-time mule detection solution for banks and financial institutions. While in 2022 law enforcement organisations from 25 countries arrested 2,469 money mules in a worldwide crackdown against money laundering.

Financial Crimes 75

Financial Crimes SWIFT Law Enforcement Blocks 75

The Fintech Times

JUNE 6, 2024

Revolut has stepped up its fight against crime with the launch a new biometric identification feature designed to protect customers’ savings from pickpockets and phone stealers. Woody Malouf , head of financial crime at Revolut, said: “We take fraud and the financial loss incredibly seriously. On average, customers hold 2.6-times

Financial Crimes 64

Financial Crimes Law Enforcement Compromise Crime 64

The Fintech Times

JULY 25, 2024

The exchange also collaborates extensively with law enforcement agencies, offering training sessions for law enforcement to share the skills and knowledge needed to handle complex cryptocurrency investigations, an ever-evolving field.

Law Enforcement 59

Law Enforcement Cryptocurrency Laws Blockchain 59

PYMNTS

JULY 16, 2019

government has developed a plan that aims to fight financial crimes, including “action on crypto-assets.”. The Economic Crime Plan from H.M. Treasury and the Home Office wants to change the way economic crime is handled by boosting cooperation between government, law enforcement and the private sector. “To

Credit Cards 40

Credit Cards Crime Law Enforcement Blockchain 40

Innovative Payments Association

MAY 20, 2024

At a recent session, we heard from a cyber-squad leader who shared some of his experiences with responding to crimes. Hacks are not just an IT problem, you will need to communicate and take action with customers, vendors, law enforcement, and internally. Are you ready for all the implications of the attack.

Cybersecurity 52

Cybersecurity FBI Law Enforcement Crime 52

PYMNTS

JANUARY 18, 2020

They say the perfect crime is hard to commit, but last week in Spokane, Washington an intrepid burglar managed to pull it off at the Yuppy Puppy pet store, according to local law enforcement officials. What makes the story stand out among the reams of local retail crime reporting is that the crime was actually committed.

Crime 58

Crime Law Enforcement Returns Blocks 58

Fintech News

JULY 17, 2024

The rapid ascent of cryptocurrency has ushered in a new era of financial innovation, but it has also created novel challenges in combating financial crime. These figures underscore the immense challenge facing regulators and law enforcement agencies in their efforts to curb illicit financial flows in the crypto space.

Money Laundering 99

Money Laundering Law Enforcement AML Non-Bank 99

PYMNTS

APRIL 30, 2020

The International Criminal Police Organization (Interpol), the Lyon, France-based global law enforcement agency, said suspects have been arrested delivering cocaine, marijuana, ketamine and ecstasy by bicycle, motorcycle and car in Ireland, Malaysia, Spain and the United Kingdom. “As

Law Enforcement 80

Law Enforcement Crime Laws Addressing 80

PYMNTS

FEBRUARY 26, 2020

Clearview AI said that a malicious actor “gained unauthorized access” to its list of customers, which include law enforcement agencies, police forces and financial institutions. In New Jersey, lawmakers initiated a ban across the state on law enforcement using the company’s software.

Law Enforcement 68

Law Enforcement Data Breach Laws Breach 68

Neopay

APRIL 22, 2024

The UK’s company law landscape underwent significant changes with the enactment of the Economic Crime and Corporate Transparency Act, effective from 4th March 2024. These amendments mark a pivotal shift, aiming to enhance transparency, combat economic crime, and foster sustainable economic growth.

Laws 52

Laws Crime Due Diligence Law Enforcement 52

PYMNTS

AUGUST 14, 2019

More broadly, however, Blanco’s theme was the interconnectedness of the financial system – and how diligence and transparency is the key to combating money laundering and other financial crimes in the U.S. and around the world.

Fincen 65

Fincen Financial Crimes Crime Suspicious Activity Report (SAR) 65

PYMNTS

NOVEMBER 15, 2016

New York City has a new fighting chance against the proliferation of cyber fraud in the form of a state-of-the-art, $10 million digital crime laboratory. To combat cyber crime, dedicated techs at the lab work to infiltrate the dark web, acquiring big data, gathering intelligence and building cases. is to the whims of cybercriminals.

Crime 62

Crime Data Breach Law Enforcement Breach 62

PYMNTS

NOVEMBER 26, 2018

Deputy Attorney General Rod Rosenstein, is seeking to gain international support in dealing with crimes tied to digital currencies. “We Recovery efforts by law enforcement have been able to retrieve a bit less than $2 million of funds. The United States, through U.S. Brexit Deal Awaits Vote.

Crime 58

Crime Money Laundering Law Enforcement Correspondent Bank 58

PYMNTS

JUNE 12, 2018

Federal authorities including the Department of Justice and the FBI announced Monday (June 11) that law enforcement arrested 74 people in the U.S. Law enforcement also seized close to $2.4 billion in losses reported to the Internet Crime Complaint Center. Of the 74 arrested, 42 were people in the U.S.,

Email Compromise 60

Email Compromise FBI Compromise Scams 60

Neopay

MARCH 15, 2024

The consultation, which closes on 9 th June 2024, seeks to address identified shortcomings in the current regulations while aligning with the broader objectives outlined in the Economic Crime Plan 2023-26. Contact us today to learn how Neopay can support your compliance journey.

Money Laundering 52

Money Laundering Consulting Treasury Regulations 52

CB Insights

DECEMBER 9, 2021

California-based TRM Labs offers blockchain analytics and assists cryptocurrency firms, law enforcement agencies, and financial institutions in addressing fraud and financial crime stemming from crypto transactions. How’s the company performing? The company’s revenue has grown 600% year-over-year since its inception.

Law Enforcement 63

Law Enforcement Compliance IRS FBI 63

PYMNTS

SEPTEMBER 21, 2020

The Financial Crimes Enforcement Network ( FinCEN ) uncovered government documents on how giant financial institutions move trillions of dollars in suspicious transactions, padding their bottom line, while terrorists, drug dealers and corrupt politicians are allowed to run free. FinCEN, a division of the U.S. told the news outlet.

Fincen 111

Fincen Suspicious Activity Report (SAR) Money Laundering SARS 111