Payments Source

JULY 11, 2019

A Spanish effort to prosecute a gang that used Bitcoin automated cash machines suspected of being a front for illegal-drug payments has exposed a hole in European anti-money-laundering controls, law enforcement authorities in the country said.

Money Laundering 92

Money Laundering Bitcoin Law Enforcement ATM 92

PYMNTS

OCTOBER 17, 2016

It’s one thing if there’s a warrant, it’s another if authorities also have the paperwork to use biometric information to unlock smartphones. For that reason, the warrant authorizes the seizure of ‘passwords, encryption keys, and other access devices that may be necessary to access the device,’” the document read. Signed by U.S.

Authorization 72

Authorization Law Enforcement Encryption Governance 72

PYMNTS

DECEMBER 14, 2016

13) that the FBI is working with other global law enforcement agencies to crackdown on the number of people that use services to launch cyberattacks on their behalf. The FBI is looking to take down “booter” services, which are hired to take websites offline, and also curb demand with the threat of jail time.

FBI 68

FBI Law Enforcement Authorization Laws 68

PYMNTS

JUNE 25, 2020

The unit will help law enforcement as well, bringing criminal charges when needed, the press release says. We are working hard to disrupt and dismantle these criminal networks, and we applaud the law enforcement authorities who are already part of this fight.

Crime 97

Crime Law Enforcement Laws Authorization 97

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’

Law Enforcement 31

Law Enforcement Laws Authorization 31

Fintech News

MARCH 31, 2024

The Monetary Authority of Singapore (MAS) has officially rolled out the COSMIC platform , a digital initiative aimed at bolstering the defense against money laundering, terrorism financing, and the proliferation of weapons of mass destruction.

Financial Crimes 113

Financial Crimes Crime Money Laundering Law Enforcement 113

Fintech News

FEBRUARY 21, 2024

The Indonesian Financial Services Authority (OJK) is closely monitoring Investree , a fintech peer-to-peer lending platform, following public reports of potential operational and consumer protection violations. If violations are proven, the OJK said that it will take necessary actions, potentially collaborating with law enforcement officials.

Law Enforcement 120

Law Enforcement Audit Authorization Consumer Protection 120

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.

Credit Cards 105

Credit Cards Law Enforcement Card Issuer PCI DSS 105

Fintech Finance

FEBRUARY 5, 2025

Cihat served as Vice President of Global Ecosystem Security & Integrity at Visa, where he spearheaded global risk compliance frameworks, enhanced fraud control initiatives, and collaborated with federal and international law enforcement on high-profile investigations.

Risk 59

Risk Law Enforcement Regulatory Compliance Compliance 59

Fintech News

AUGUST 25, 2024

The beleaguered P2P lender Investree has established a caretaker team to manage its daily operations under the guidance of Indonesia’s Financial Services Authority (OJK). OJK commissioner Agusman stated on 6 August that the regulator is closely monitoring Investree and coordinating with law enforcement to investigate the alleged fraud.

Legal 113

Legal Disputes Law Enforcement P2P 113

Fintech News

JUNE 23, 2024

While DPT activities in Singapore constitute a small portion of global activities, authorities have noted a rise in reported cases and various ways these tokens can be exploited. Consequently, Singapore is closely monitoring the sector.

Money Laundering 109

Money Laundering Risk Crime Law Enforcement 109

Fintech News

DECEMBER 18, 2023

The Monetary Authority of Singapore (MAS) has instructed remittance companies to only work with banks, card network operators such as UnionPay International, or licensed financial institutions to transfer funds to China for the next three months, beginning from 1 January 2024 to 31 March 2024.

Rules 109

Rules Law Enforcement MFA Laws 109

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.

Advisors 84

Advisors Law Enforcement Laws Financial Crimes 84

Fintech News

AUGUST 11, 2024

Indonesia’s Financial Services Authority (OJK) has introduced a new roadmap for the development and strengthening of financial sector technology innovation, digital financial assets, and crypto assets for the period of 2024-2028.

Finance 117

Finance Law Enforcement Financial Literacy Innovation 117

PYMNTS

MARCH 20, 2020

Just weeks ago there was talk that Chinese-made drones were a threat to American security, but authorities are increasingly looking to them as alternatives to human contact as the coronavirus crisis continues.

Law Enforcement 126

Law Enforcement Use Case Legal Laws 126

VISTA InfoSec

SEPTEMBER 30, 2024

And here to oversee and ensure the compliance with the data protection laws organizations often appoint Data Protection Officers. They are designated professionals responsible for ensuring an organization complies with data protection laws. Key Responsibilities of a Data Protection Officer 1.Monitoring

CCPA 130

CCPA Privacy Laws Data Breach 130

VISTA InfoSec

OCTOBER 21, 2024

And here to oversee and ensure the compliance with the data protection laws organizations often appoint Data Protection Officers. They are designated professionals responsible for ensuring an organization complies with data protection laws. Key Responsibilities of a Data Protection Officer 1.Monitoring

CCPA 130

CCPA Privacy Laws Data Breach 130

VISTA InfoSec

JULY 17, 2024

Establish protocols for communicating with external parties, such as law enforcement, in multiple languages: Knowing how to quickly share info with authorities in various countries can speed up response times. Conduct drills and simulations in different languages : Practice helps your team work smoothly under pressure.

Cybersecurity 238

Cybersecurity Compliance Encryption Best Practices 238

Innovative Payments Association

JANUARY 13, 2025

Report Suspicious Activity: If you suspect fraud, report it to your bank, payment provider, and law enforcement immediately. Early reporting can minimize losses and help authorities track down scammers. Understanding these tools reduces the risk of falling for scams.

Scams 52

Scams Law Enforcement Payments FBI 52

PYMNTS

DECEMBER 18, 2020

The rule, which applies to financial institutions and is consistent with existing requirements, is intended to protect national security, assist law enforcement and increase transparency while minimizing the impact on responsible innovation.".

Treasury 141

Treasury Rules Bitcoin Ransomware 141

PYMNTS

JUNE 24, 2020

Telegram has reported previous data breaches, including one in August 2019 in which Hong Kong activists reported breaches to their phone activity that allowed law enforcement to track them. Russian authorities also recently lifted a two-year ban on Telegram in their country. Data breaches have not slowed during the pandemic.

Breach 115

Breach Data Breach Law Enforcement Database 115

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.

Law Enforcement 68

Law Enforcement Data Breach Laws Breach 68

PYMNTS

MARCH 8, 2020

If the courts decide Bitcoin is property, then law enforcement could track down thieves and return the stolen goods to their rightful owners. The French Financial Markets Authority (AMF) announced in December that it had approved its first ICO — “ICO visa” — to the cryptocurrency fundraising platform French ICO.

Bitcoin 112

Bitcoin Law Enforcement Cryptocurrency Rules 112

Fintech News

JULY 17, 2024

And contrasting with the non-crypto native space, the Hong Kong Monetary Authority (HKMA) just fined DBS Bank (Hong Kong) Limited, the HK subsidiary of DBS , a HK$10 million penalty for breaches of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO). The United Arab Emirates has amended Federal Decree-Law No. (20)

Money Laundering 109

Money Laundering Law Enforcement AML Non-Bank 109

PYMNTS

DECEMBER 18, 2020

Criminals seeking to exploit unmet demand for the COVID-19 vaccine are selling doses – many presumably fake – on the "dark web," the portion of the internet dominated by merchants who operate beyond easy reach of law enforcement agencies, the Financial Times reported on Friday (Dec.

Law Enforcement 109

Law Enforcement FBI Scams Crime 109

VISTA InfoSec

JUNE 21, 2023

How quickly you need to notify the authorities or your local cybersecurity council, or whether you need to escalate further, can depend on your location, the type of business you have, and how big the risk might be. It can also depend on state laws, so consulting with a dedicated law enforcement contact is recommended by the FTC.

Data Breach 130

Data Breach Breach Law Enforcement Cybersecurity 130

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.

Law Enforcement 59

Law Enforcement Laws AI Authorization 59

PYMNTS

APRIL 1, 2020

Washington’s new law aims to institute transparency and accountability for facial recognition , as well as mandates to safeguard basic civil liberties. Municipal and state authorities can use facial recognition for missing persons, in Amber Alerts and Silver Alerts, and for public safety.

Laws 121

Laws Law Enforcement Governance Government 121

PYMNTS

JUNE 12, 2018

Federal authorities including the Department of Justice and the FBI announced Monday (June 11) that law enforcement arrested 74 people in the U.S. Law enforcement also seized close to $2.4 Local and state law enforcement teamed up with the FBI, as did attorneys general offices, to provide assistance.

Email Compromise 60

Email Compromise FBI Compromise Law Enforcement 60

PYMNTS

JANUARY 27, 2021

Some criminals believe mistakenly that cryptocurrency is beyond the reach of law enforcement,” said U.S. At the point something becomes a Ponzi scheme, we have lost our jurisdiction,” Brandon Topham, head of enforcement at FSCA, told Bloomberg. “We The 33-year-old was also ordered to pay $4,392,636.14

Bitcoin 100

Bitcoin Law Enforcement Cryptocurrency Authorization 100

Fintech News

JUNE 3, 2024

In February, one of India’s law enforcement agencies uncovered a money laundering operation involving fake invoices issued by purported shell companies in Singapore for software and other services. The firm identified over 21 million risk activities across 472 million companies as of November 2023.

Money Laundering 127

Money Laundering Financial Crimes Crime APACS 127

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.

Law Enforcement 60

Law Enforcement AI Blocks Laws 60

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.

Risk Assessment 117

Risk Assessment Assessments Risk Finance 117

PYMNTS

OCTOBER 31, 2016

“These results highlight the positive impact of collaborative working between law enforcement and the private sector in targeting individuals suspected of carrying out remote purchase fraud,” said Detective Chief Inspector Kerrie Gower, head of the DCPCU. Project Skynet had its first Retail Week of Action earlier this year.

Law Enforcement 65

Law Enforcement Laws Crime Bank Card 65

PYMNTS

SEPTEMBER 26, 2018

Uber is accused of exposing the data of 57 million users and paying hackers to hide the breach instead of reporting it to law enforcement and regulators. The company failed to safeguard user data and notify authorities when it was exposed.

Data Breach 69

Data Breach Breach Law Enforcement Settlement 69

FICO

FEBRUARY 19, 2020

The ability to move money through multiple accounts quickly, makes it difficult for law enforcement to track criminal proceeds. Criminals use real-time payment schemes to commit fraud for direct financial gain or to facilitate other crime: Authorized Push Payment Fraud. Account Takeover Fraud.

Real Time Payments 92

Real Time Payments Financial Crimes Crime Account Takeovers 92

The Payments Association

FEBRUARY 10, 2025

Regulators need both the resources and the authority to take meaningful action against companies that turn a blind eye to fraudulent activities. Too often, we see well-intentioned legislation being undermined by weak implementation and lack of accountability.

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88