AUTHOR Kollen White
The year in business: A review of 2017
The year 2017 saw a burst of optimism among American investors and consumers, despite the turmoil sparked by President Trump’s first year in office. The President strode from one political storm to […]
Plan to crack down on £90bn City money laundering
As much as £90bn of criminal money is laundered through the UK each year, according to the National Crime Agency. The test for the government’s updated anti-corruption strategy, published on Monday, will […]
Uncategorized / Сryptocurrencies
Hackers steal $64 million from cryptocurrency firm NiceHash
(Reuters) – A Slovenian cryptocurrency mining marketplace, NiceHash, said it lost about $64 million worth of bitcoin in a hack of its payment system, the latest incident to highlight risks that uneven […]
Financial Crime Compliance: Current Global State of Play
Banks today are responsible for preventing a host of financial crimes from infiltrating their ecosystems. Some of these crimes, such as money laundering and sanctions violation, are highly visible, with high potential […]
UK’s top supplier of supermarket chicken fiddles food safety dates
The largest supplier of chicken to UK supermarkets has been tampering with food safety records in moves that could dupe consumers into buying meat past its use-by date. An investigation by the […]
Cyber crime: The next systemic risk
For the second time in a little under two months, an audacious hack of major institutions spanning vast geographies was executed by cyber criminals. Companies operating in around 64 markets were breached […]
2017’s top business stories
The rich got richer and the poor piled on more debt as shockwaves from the Brexit vote continued to reverberate in 2017. Billionaire George Soros dismissed Donald Trump as a “con-man”, while Britain’s biggest chicken supplier […]
Strengthened EU rules to tackle money laundering, tax avoidance and terrorism financing enter into force
The Juncker Commission has made the fight against tax avoidance, money laundering and terrorism financing one of its priorities. Today, the Fourth Anti-Money Laundering Directive enters into force. It strengthens the existing […]
Financial institutions say biggest threat of financial crime stems from cyberspace
Banking and investment management professionals think that the biggest threat of financial crime now stems from cyberspace, according to new research. A survey of nearly 200 senior professionals working in retail banks, investment banks and […]
Legacy banks don’t have the IT to fight financial crime
Amid increased security breaches and financial crime at incumbent banks, security has become a paramount concern for these organizations. However, it’s rapidly becoming clear that banks won’t be able to shore up their defenses until they […]
UPDATE
What Weibo and Chinese media are saying about TikTok’s pending sale to US companies
Since United States’ President Donald Trump threatened to ban TikTok in the U.S. as long as the social media app remained in the hands of a Chinese company, the app’s parent company ByteDance has […]
UK FinTech Working Together to Combat Financial Crime
Since its launch in 2017, seventeen of the UK’s leading Financial Technology (FinTech) firms have agreed to join the UK FinTech Financial Crime Exchange (FFE). The Exchange, established by FINTRAIL and RUSI enables firms to collaborate […]
Business news / Financial crimes
Danske Bank mired in money laundering scandal
Danske Bank is headquartered in Copenhagen, Denmark. Founded in 1871, it is currently embroiled in the Nordic region’s biggest money laundering scandal. The Bank got distress signals from its branch operations in […]
The elite of the country: Who is behind the creation of closed business clubs in Ukraine?
Personal acquaintances play one of the most critical roles in the business environment. Old and new connections allow an entrepreneur to efficiently maintain his business, enter new markets and develop different sectors. […]
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