Business news

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 […]

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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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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 […]

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Uncategorized

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 […]

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Business news

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 […]

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Financial crimes

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 […]

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Business news

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 […]

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Financial crimes

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 […]

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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

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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Expert opinion

Turkish court overturns convictions against four human rights activists – JURIST

The Turkish Court of Cassation, the country’s highest appellate court, Tuesday overturned convictions against four human rights defenders including Honorary Chair of Amnesty International of Turkey, Taner Kılıç. All four were formerly […]

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Expert opinion

Australia forms multi-agency task force to combat cyber crime – JURIST

On Saturday, Australia’s Minister for Home Affairs and Cyber Security Clare O’Neil announced the formation of a multi-agency task force to combat cyber crime. Called the Joint Standing Operation (JSO), the task […]

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Expert opinion

‘Invasive’ two-finger test performed on sexual assault victims is misconduct, India Supreme Court rules – JURIST

The India Supreme Court Monday declared that performing the “two-finger” or “three-finger” vaginal test on victims of rape or sexual assault will be classed as misconduct.Also dubbed the “virginity” test, the test […]

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Expert opinion

China-run ‘police’ station in Dublin ordered to close by Ireland Department of Foreign Affairs – JURIST

The Ireland Department of Foreign Affairs Wednesday ordered a Chinese overseas “police station” in Dublin to cease operations, according to Asia-based human rights group Safeguard Defenders. The order comes after Safeguard investigated […]

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