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

Fintech News

FEBRUARY 21, 2024

The introduction of more sophisticated fraud detection technologies and a growing awareness among investors about the risks of scamming tactics contributed to this downward trend. These tools have enabled law enforcement agencies to trace the flow of funds, unmasking the networks behind criminal operations.

Crime 109

Crime Ransomware Scams Romance Scams 109

The Fintech Times

MAY 22, 2024

Purchase scams accounted for 67 per cent of the total number of APP cases. Romance scams However, this type of scam isn’t the only cause for concern. Fraudsters abusing romance scams also utilise APP, tricking victims into believing they are in a relationship before stealing their money.

Scams 59

Scams Finance Push-to-Card Romance Scams 59

Fintech News

MAY 8, 2025

The forced labor involves conducting online scams, such as cryptocurrency fraud, romance scams, or fake investment schemes, targeting victims around the world. Chinese authorities report that over 53,000 Chinese nationals, including trafficking victims, have so far been repatriated from scam compounds in northern Myanmar alone.

Scams 77

Scams Crime Law Enforcement Romance Scams 77