Financial crimes

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 […]

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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 […]

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Financial crimes

Thieves targeted crypto execs and threatened their families in wide-ranging scheme

Two alleged thieves targeted cryptocurrency executives and threatened their families, stealing hundreds of thousands of dollars in a wide-ranging scheme, according to a Justice Department indictment handed down Thursday in Massachusetts. Eric Meiggs and […]

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Financial crimes

Transnational Crime is a $1.6 trillion to $2.2 trillion Annual “Business”, Finds New GFI Report

WASHINGTON, DC – Globally the business of transnational crime is valued at an average of $1.6 trillion to $2.2 trillion annually, according to a new report released today by Global Financial Integrity (GFI), a Washington DC-based […]

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Financial crimes

Hong Kong persecutes political dissidents by freezing their bank accounts

Hong Kong’s recently enacted national security law has empowered the security police to freeze suspects’ bank accounts during an investigation, which has eroded public trust in the banking system. In the past […]

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Financial crimes / Сryptocurrencies

Police grapple with rise in cryptocurrency fraud

UK police have warned of a rise in cryptocurrency fraud as they scramble to thwart criminal exploitation of the technology after more than 200 people reported losing an average of £10,000 in […]

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Financial crimes

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 […]

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Financial crimes

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 […]

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Financial crimes

Fighting financial crime: the power of industry collaboration

With the fourth EU Directive on Money Laundering coming into force in June this year and instances of financial crime becoming increasingly frequent, it is more crucial than ever for teams within […]

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Financial crimes

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 […]

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Business news

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 […]

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Financial crimes

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 […]

READ MORE

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 […]

READ MORE

Business news

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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