Tags Financial crime

Tag: financial crime

Interpol arrests over 1,000 people, seizes $27m in large-scale fraud operation

A four-month long operation conducted by Interpol between June and September this year has led to the arrest of 1,003 individuals and capturing of $27m in illegal cash.

Over a quarter of global firms bled more than £1m to...

A recent whitepaper by KYC and AML software providers Themis and Encompass Corporation has found financial services’ companies worldwide lost over £1m due to financial crime deficiencies last year.

Why FinTecSystems is betting on open banking in the financial crime...

Founded in 2014, FinTecSystems is specialised in open banking infrastructure and data analysis to help companies make data-driven and automate decisions. At a time when companies are scrambling to protect their assets from criminal actors, could FTS’ open banking infrastructure be a flood barrier against the rising wave of financial crime?

Quantexa updates data analytics platform to help firms tackle growing data...

Data and analytics software business Quantexa has unveiled the latest release of its data analytics platform to help companies tackle the rapid proliferation of data.

EPA calls for greater digital identity push in light of growing...

A whitepaper by the Emerging Payments Association (EPA) has detailed that a stronger focus on digital identity could help combat soaring cases of financial crime.

FCA receives over 2,700 financial misconduct complaints over 2020/21

The Financial Conduct Authority (FCA) has revealed it received a total of 2,754 allegations of financial misconduct over the 2020/21 financial year.

FCA provides warnings to banks over money laundering failings

The Financial Conduct Authority (FCA) has issued warning letters to retail banks due to ongoing weaknesses and failings around their financial crime controls.

What are the money laundering and fraud concerns around electronic funds...

As more and more people rely on cashless systems to move money around, there is a pressing need to understand how electronic funds transfers (EFTs) – specifically – wire transfers and automated clearing house (ACH) transfers – could be at risk from financial crime.

Quantexa unveils latest version of risk detection tool to aid financial...

Data and analytics software company Quantexa has introduced the latest updated version of its contextual monitoring and investigations solution Quantexa Syneo

US hacker pleads guilty to selling healthcare employee data on dark...

A dark web hacker has pleaded guilty to stealing information from 65,000 employees of the University of Pittsburgh Medical Center (UPMC).

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