UK grants law enforcement expanded powers over crypto assets
The Paypers
MARCH 4, 2024
The UK Government has decided to implement new measures granting law enforcement agencies increased powers over cryptocurrency assets.
Law Enforcement Related Topics 
Senators Demand Big Tech Release Encrypted Data To Law Enforcement
PYMNTS
DECEMBER 11, 2019
The lawmakers warned that both companies should allow for “backdoor” access to law enforcement or they would be forced to regulate the technology. and Australia, all called on the social media giant to stop the plan to use encryption unless it gave law enforcement access. .
Inside Money Laundering Operations: A Law Enforcement Perspective
BioCatch
MARCH 20, 2024
I launched the U.S. Secret Service’s Global Investigative Operations Center in August 2017 to serve as the internal fusion center to disrupt and dismantle financially motivated transnational organized criminal groups. At the time, I had extremely limited resources. How limited? It was me and two analysts.
Senators Demand That Big Tech Releases Encrypted Data To Law Enforcement
PYMNTS
DECEMBER 11, 2019
The lawmakers warned that both companies should allow for “backdoor” access to law enforcement or they would be forced to regulate the technology. and Australia, all called on the social media giant to stop the plan to use encryption unless it gave law enforcement access. .
AI Law Enforcement Tools Could Be Inaccurate
PYMNTS
APRIL 28, 2019
A research group revealed that it has discovered “serious shortcomings” in the predictive tools used by law enforcement agencies.
How AML Regulations Are Pulling Credit Unions Into Law Enforcement
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 Use Of Google Search Warrants Increasing
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
Mastercard: Helping Law Enforcement Fight Back Against Fake Cards
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 Cracks Down On Corporate Payments Fraud
PYMNTS
DECEMBER 23, 2019
While law enforcement officials are now probing the matter, County Executive Dan McCoy denies any accusations of payroll fraud or abuse. More than seven years of manual employee time-tracking has led to allegations of payroll fraud and abuse at the Albany County Comptroller in New York, according to local CBS news reports.
Binance Plays Vital Role In Cracking Crypto-Assisted Money Laundering Case in Taiwan
The Fintech Times
MAY 18, 2024
Binance was able to share its blockchain expertise and intelligence to help law enforcement bring the suspects to justice. However, their activities did not go unnoticed and law enforcement eventually caught up with them. We will continue to uphold this goal and deepen our cooperation with global law enforcement agencies.”
Google PaLM 2 AI model under scrutiny by Irish watchdog Data Protection Commission
Finextra
SEPTEMBER 12, 2024
As the national independent authority in Ireland, the Data Protection Commission (DPC) is responsible for protecting the personal data of individuals in the EU in accordance with GDPR, the EU's Law Enforcement Directive (LED) and Irish ePrivacy Regulations.
Nigeria is making efforts to combat online extortion scams
The Paypers
AUGUST 28, 2024
EFCC, Nigeria's anti-corruption agency, has announced it is ready to work with international law enforcement to combat online extortion scams.
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Europol and law enforcement authorities join forces to uncover money mules
The Paypers
DECEMBER 3, 2020
Europol together with law enforcement authorities from 26 countries have announced the results of the European Money Mule Action ‘EMMA 6’
Bitcoin Daily: Chinese Police Seize $15M, Luxury Cars In Crypto Scam Probe; CENTRE Blacklists Address, Freezes $100K Of Stablecoin At Request Of Law Enforcement
PYMNTS
JULY 9, 2020
The company in a statement said, per the report, “Centre can confirm it blacklisted an address in response to a request from law enforcement. While we cannot comment on the specifics of law enforcement requests, Centre complies with binding court orders that have appropriate jurisdiction over the organization.”.
Crypto to pose challenges to law enforcement activities, according to DOJ
The Paypers
OCTOBER 12, 2020
Cryptocurrencies pose an emerging challenge to law enforcement activities; the US Attorney General William Barr’s Department of Justice (DOJ) has mentioned in DOJ’s ‘Crypto Enforcement Framework’
U.S. Marshals Service Selects Coinbase to Hold & Trade Digital Assets
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.
Binance teams with Macau Judiciary Police on new anti-scam campaign
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.
What Should Merchants Do If They Suspect Credit Card Fraud At Their Business?
Clearly Payments
JANUARY 12, 2024
This documentation may be valuable for law enforcement or investigations by financial institutions. Notify Law Enforcement Report the incident to local law enforcement by filing a police report. Provide them with all the documented evidence and details about the suspected fraudulent activity.
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TRM Labs Welcomes Former INTERPOL President Boon Hui Khoo as Senior Advisor
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.
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Fintechs to law enforcement: Let’s be partners, not adversaries
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.
Visa sees spike in unemployment insurance fraud on prepaid cards
Payments Source
SEPTEMBER 27, 2020
And the best solution may be rooted in technology, not law enforcement. Since July, Visa has noticed an uptick in unemployment insurance fraud with prepaid cards being used as a key disbursement vehicle.
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Featurespace joins The Knoble to combat human crime
Finextra
APRIL 30, 2024
The Knoble, an alliance of financial service professionals, law enforcement, regulators, and NGOs dedicated to fighting Human Crime, is proud to welcome as its newest corporate member Featurespace, the world leader in enterprise Artificial Intelligence native technology that prevents fraud and financial crime.
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Understanding and Addressing the Emotional Impact of Financial Fraud
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.
37,000 law enforcement officers trained by the Indian govt to identify cybercrimes
The Paypers
FEBRUARY 27, 2018
(The Paypers) The Indian Union home ministry (MHA) has decided to train more than 37,000 police and law enforcement officers to identify and investigate a range of cyber-attacks.
Binance Partners With Macau Police to Warn Locals About Risk of Scams During Transactions
The Fintech Times
AUGUST 20, 2024
Under a new anti-fraud safety mechanism, when Macau users withdraw their assets from Binance, the system will pop up the anti-scam warning notification tailored by Judiciary Police, providing users with practical tips and contact information of local law enforcement agencies.
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Law enforcement agencies from 13 countries join No More Ransom project
The Paypers
OCTOBER 18, 2016
(The Paypers) Law enforcement agencies from 13 countries have signed up to fight ransomware together with the private sector by joining the No More Ransom project.
Investree Appoints Caretaker Team Amid Bad Loans, Legal Disputes
Fintech News
AUGUST 25, 2024
OJK commissioner Agusman stated on 6 August that the regulator is closely monitoring Investree and coordinating with law enforcement to investigate the alleged fraud. He also noted that no capital injection from investors has been realized.
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Chainalysis Reveals Changing Trends Amongst Crypto Fraudsters as They Focus on Romance Scams
The Fintech Times
AUGUST 31, 2024
Saying that, there are clear cases involving asset freezes and law enforcement intervention that show how victims can still be made whole,” added Jardine. On one level, this sort of tactical shift both makes scammers harder to track and makes victim restitution somewhat more challenging.
Binance to Add 1,000 Roles, Prioritising Compliance Amid Regulatory Challenges
Fintech News
AUGUST 21, 2024
Binance has already handled 63,000 law enforcement requests in 2024, up from 58,000 in the previous year, underscoring the increasing regulatory scrutiny. The company’s spending on compliance, which stood at US$158 million two years ago, is expected to continue climbing.
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From Burglary to Bank Fraud: The Misplaced Blame on Scam Victims
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.
‘Biomarker’ Produced By Date Rape Drug Could Help Law Enforcement Pursue Assailants
CB Insights
SEPTEMBER 20, 2017
That means that by the time a person reports being drugged with GHB, it’s often too late for law enforcement officials to prove the victim was given the drug. . Because it is quickly metabolized by the body, the drug is only detectable for a few hours with traditional blood or urine tests. A new discovery may change that.
OJK Lays Out 2024-2028 Roadmap for Digital Finance, Crypto Assets
Fintech News
AUGUST 11, 2024
Focusing on four main pillars—Regulation and Development, Supervision and Law Enforcement, Licensing, and Information and Innovation—the roadmap outlines strategic objectives to foster a robust, inclusive, and sustainable IAKD sector.
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Amazon To Funnel Fake Product Data To Authorities
PYMNTS
JANUARY 13, 2020
Amazon is cracking down on the sale of counterfeit goods, saying it will now cooperate more intensely with law enforcement on those matters. and European law enforcement whenever it can confirm that a fake item was sold to a customer through the site. Now, the company will be much more vigilant.
Banks, Payment Providers at High Risk for Environmental Crimes Money Laundering
Fintech News
MAY 29, 2024
Despite these threats, Singapore has a robust and transparent legal and enforcement framework to detect and investigate money laundering activities, pursue prosecutions, recover assets, and cooperate internationally on environmental crime issues.
55 Million Users and Counting: Binance Reveals What is Needed to Improve Crypto Adoption in LatAm
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. Launched in 2018, it serves millions of students worldwide in over 30 languages.
Privacy coins face existential threat amid regulatory pinch
Payments Source
SEPTEMBER 20, 2019
The subset of digital assets dubbed privacy coins, which have long delighted libertarians and frustrated law enforcement, are feeling the pinch of a step up in regulation.
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PayPal’s crackdown on human trafficking
Payments Source
FEBRUARY 6, 2020
The payments company is working with nonprofit organizations, law enforcement authorities, victims and others to make it harder for the criminals behind the modern slave trade to move money.
Singapore Tightens China Remittance Rules in Light of S$13 Million Frozen Funds
Fintech News
DECEMBER 18, 2023
However, a small proportion of recent remittances faced freezes by Chinese law enforcement agencies, with unclear reasons behind these actions. In most cases, these transactions are successfully deposited into the recipients’ Chinese bank accounts. Approximately 430 reports were against Samlit Moneychanger.
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Facial Recognition Firm Clearview AI’s Client List Hacked
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.
What to do if your company suffers a data breach
VISTA InfoSec
JUNE 21, 2023
The Federal Trade Commission (FTC) recommends that companies notify law enforcement as soon as possible by contacting local FBI or U.S. When reporting the breach, law enforcement or another party helping to act on the breach will use this information to determine and advise on the next steps. Secret Service offices.
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Apple Blocks Clearview AI From App Store
PYMNTS
MARCH 1, 2020
The startup reportedly took advantage of its developer account so it could distribute its software to law enforcement customers and others. . Clearview provides its service to law enforcement and security professionals. The Apple ban is a new problem for the facial recognition startup.
Visa as gumshoe: How the card network tracks fraud to its source
Payments Source
SEPTEMBER 30, 2018
Visa also works with law enforcement agencies to quantify potential losses and, where possible, assist in the threat mitigation. Visa is pursuing the online criminals to prevent future fraud.
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Singapore’s Risk Assessment Highlights New Terrorism Financing Concerns
Fintech News
JULY 1, 2024
Security, intelligence, law enforcement, supervisory, and regulatory agencies work together to detect and respond to both existing and emerging threats. The country also collaborates with the private sector and academic institutions to enhance its understanding of these risks.
Thailand Set to Block Access to Unauthorised Crypto Platforms
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.
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