The Payments Association

OCTOBER 28, 2024

This decline may reflect greater public awareness, but payment leaders should continue to support education campaigns aimed at preventing such emotionally manipulative crimes. These collaborations are essential for disrupting organised crime and apprehending fraudsters. Losses from romance scams amounted to £14.5

Scams 88

Scams Push-to-Card Fraud Detection Online and Mobile Banking 88

The Fintech Times

APRIL 3, 2024

“It complements the industry’s existing close collaboration with MAS and law enforcement authorities to combat financial crime. This will strengthen Singapore’s capabilities to uphold our reputation as a well-regulated and trusted financial centre.”

Financial Crimes 59

Financial Crimes Crime Money Laundering Law Enforcement 59

BioCatch

OCTOBER 30, 2024

According to the United Nations Office on Drugs and Crime, the estimated amount of money laundered globally each year is between $800 billion and $2 trillion. Funds from illicit activities – from financial fraud and terrorist financing to drug and human trafficking, flow across multiple institutions and jurisdictions every day.

Financial Crimes 52

Financial Crimes Crime Law Enforcement Money Laundering 52

Fintech News

JUNE 3, 2024

A 2023 research by Moody’s Analytics revealed a wealth of corporate structures enabling sanctions evasion, money laundering, fraud, and other financial crimes. Suspected proceeds of crime totaling S$1.23 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

Neopay

APRIL 22, 2025

In a show of force for cross-agency collaboration, the National Crime Agency (NCA) has spearheaded a widespread crackdown on high street crime with Operation Machinize, focusing on barbershops and other cash-incentive businesses that are suspected of being used for money laundering and modern slavery.

Money Laundering 52

Money Laundering Crime Due Diligence Financial Crimes 52

Fintech News

OCTOBER 6, 2024

The IMC’s report outlines strategies aimed at strengthening prevention, improving detection, and enforcing tougher penalties to better protect the integrity of Singapore’s financial system against increasingly sophisticated financial crimes.

Money Laundering 123

Money Laundering Law Enforcement Due Diligence Financial Crimes 123

Fintech Finance

JUNE 20, 2024

Flutterwave , Africa’s leading payments technology company, has committed to partnering with Nigeria’s Economic and Financial Crimes Commission (EFCC) to establish and lead a state-of-the-art Cybercrime Research Center.

Financial Crimes 97

Financial Crimes Crime FBI Law Enforcement 97

PYMNTS

DECEMBER 4, 2018

The agencies tied to the joint release include the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network, the National Credit Union Administration and the Office of the Comptroller of the Currency. financial system.”.

Financial Crimes 64

Financial Crimes Crime BSA Innovation 64

PYMNTS

AUGUST 14, 2019

More broadly, however, Blanco’s theme was the interconnectedness of the financial system – and how diligence and transparency is the key to combating money laundering and other financial crimes in the U.S. and around the world.

Fincen 65

Fincen Financial Crimes Crime Suspicious Activity Report (SAR) 65

FICO

DECEMBER 23, 2020

In the wake of such radical changes, as we look to the year ahead, the challenge for global banks and financial institutions at large has never been greater. Here is how we predict banks will endeavor to enhance their financial crimes controls in 2021: 1. Machine Learning Will Play a Great Role in Fighting Money Laundering.

Financial Crimes 52

Financial Crimes Ransomware Crime AI 52

FICO

NOVEMBER 2, 2017

A new report from LexisNexis on Future Financial Crime Risks (September 2017) highlights the stress felt by UK banks around financial crime compliance. Given the rapid change in financial compliance regulations, it’s easy to see why the 170 financial crime professionals surveyed felt overwhelmed.

Financial Crimes 53

Financial Crimes Crime Suspicious Activity Report (SAR) SARS 53

Fi911

JUNE 9, 2025

billion in 2021 alone , according to the FBI’s Internet Crime Complaint Center. For financial institutions, these losses represent just the tip of the iceberg. Law enforcement coordination requires established relationships. International law enforcement partnerships become crucial for cross-border transfers.

Email Compromise 52

Email Compromise Business Email Compromise Compromise Law Enforcement 52

PYMNTS

DECEMBER 13, 2018

CUs are also actively communicating with law enforcement agencies, keeping regulators informed about suspicious activity, while receiving tips on noticeable trends that these same agencies are eyeing. AML Compliance Turns CUs Into Law Enforcement. Add it all up, and that can be a lot to handle. About The Tracker .

Law Enforcement 54

Law Enforcement Credit Union AML Laws 54

Fintech News

FEBRUARY 10, 2025

The world witnessed an alarming escalation in cryptocurrency -related crimes in 2024. With digital asset adoption surging and financial technology rapidly evolving, blockchain has become both a revolutionary force for economic growth and a tool for illicit activity. Source: TRM Lab’s 2025 Crypto Crime Report USD $2.2

Crime 91

Crime Ransomware Scams Phishing 91

Fintech News

APRIL 22, 2024

This move aims to enhance law enforcement efficiency and prevent the laundering of money obtained through illegal activities. During a recent meeting on 19 April 2024, the Technology Crime Prevention and Suppression Committee mandated the SEC to identify and report unauthorised digital asset service providers to the ministry.

Blocks 116

Blocks Law Enforcement Money Laundering Crime 116

Finextra

APRIL 30, 2024

The Knoble, an alliance of financial service professionals, law enforcement, regulators, and NGOs dedicated to fighting Human Crime, is proud to welcome as its newest corporate member Featurespace, the world leader in enterprise Artificial Intelligence native technology that prevents fraud and financial crime.

Crime 59

Crime Law Enforcement Financial Crimes Laws 59

PYMNTS

SEPTEMBER 21, 2020

Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) show that several of the largest global banks moved money on behalf of scores of individuals and enterprises involved in criminal financial activity. Gross negligence – or evidence of a battle waged by banks that requires new, high-tech weaponry?

Fincen 139

Fincen AML Suspicious Activity Report (SAR) Financial Crimes 139

The Fintech Times

JUNE 21, 2024

Both firms and governments across the globe have a duty to do all they can to intensify the fight against internet crime and looking to do so in Nigeria, Flutterwave , the African paytech, has partnered with Nigeria’s Economic and Financial Crimes Commission (EFCC).

Crime 64

Crime Research Financial Crimes FBI 64

BioCatch

NOVEMBER 25, 2024

BioCatch recently partnered with the Knoble , a nonprofit organization focused on preventing financial and human crime, as well as thought leaders and experts in the banking, law enforcement, and legal community on an information sharing initiative.

Financial Crimes 40

Financial Crimes Crime Law Enforcement Legal 40

The Fintech Times

MAY 18, 2024

The crypto exchange’s Financial Crimes Compliance (FCC) department collaborated with Taiwan’s Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office in the case. Binance was able to share its blockchain expertise and intelligence to help law enforcement bring the suspects to justice.

Money Laundering 69

Money Laundering Law Enforcement Financial Crimes Laws 69

PYMNTS

JULY 17, 2018

This, he noted, leaves law enforcement with two major challenges. Pak told Webster that Mastercard has been cooperating with and supporting law enforcement for many years. Law enforcement in Singapore and elsewhere in the Asia-Pacific region, Pak told Webster, encounters counterfeit cards in a variety of contexts.

Law Enforcement 43

Law Enforcement Laws Visa Push-to-Card 43

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. Boon Hui Khoo “I am pleased to contribute to TRM’s mission of building a safer financial system in this digital age.

Advisors 84

Advisors Law Enforcement Laws Financial Crimes 84

PYMNTS

DECEMBER 23, 2019

” As a regulatory initiative aimed at combatting financial crime, KYC requirements are growing ever-more complex, leading corporates and their banks to demand new technologies and services that can address their compliance challenges.

Law Enforcement 52

Law Enforcement Laws FTC SWIFT 52

PYMNTS

MARCH 9, 2020

To ferret out crime, follow the money; to put a stop to crime, stop the money from getting to the bad guys in the first place. To that end, PayPal said last month that it would team with law enforcement agencies, academics and experts to track how payments are used to traffic firearms illegally through the United States.

PayPal 70

PayPal Financial Crimes Crime Law Enforcement 70

FICO

JANUARY 19, 2022

From TBML to BNPL to NFTs, 2021 found fraud and financial crime professionals dealing with a plethora of new challenges and criminal schemes. In its simplest definition, trade-based money laundering is the process of disguising the proceeds of crime and moving value (i.e., How FICO Can Help You Control Fraud and Financial Crime.

Financial Crimes 52

Financial Crimes Crime Money Laundering NFTs 52

Fintech News

JULY 17, 2024

The rapid ascent of cryptocurrency has ushered in a new era of financial innovation, but it has also created novel challenges in combating financial crime. These figures underscore the immense challenge facing regulators and law enforcement agencies in their efforts to curb illicit financial flows in the crypto space.

Money Laundering 109

Money Laundering Law Enforcement AML Non-Bank 109

The Fintech Times

AUGUST 20, 2024

According to the Judiciary Police, telecom and online fraud caused losses of more than 310 million patacas (approximately $38.6million) last year, with telephone and investment fraud being the predominant crimes contributing to this number. The latest campaign will start as a month-long trial.

Scams 59

Scams Risk Law Enforcement Transactions 59

Finextra

AUGUST 20, 2024

Committed to collaboratively advancing the crypto ecosystem’s security, Binance is working closely with law enforcement agencies around the globe in combating and deterring financial crime.

Law Enforcement 52

Law Enforcement Financial Crimes Scams Crime 52

The Fintech Times

NOVEMBER 26, 2024

These efforts are supported by our robust compliance programme that is comparable to financial institutions and our leading team of digital asset crime fighters who are keeping the ecosystem safe from bad actors and ensuring that Binance remains a trusted and secure platform for all of our users.”

Compliance 64

Compliance Financial Crimes Crime Money Laundering 64

The Payments Association

OCTOBER 21, 2024

Collaboration between regulators, law enforcement, and the counter-fraud community is needed to ensure the effectiveness of the reimbursement scheme and to mitigate emerging fraud risks. Fraud still accounts for almost 40% of all crime in England and Wales, and with an estimated 3.2 What’s next?

Scams 88

Scams Law Enforcement Crime Fraud Prevention 88

The Fintech Times

JUNE 30, 2024

Lynx , a provider of artificial intelligence (AI) software that detects and prevents fraud and financial crimes, has introduced a real-time mule detection solution for banks and financial institutions. per cent of accounts held by financial institutions, and an estimated $3billion in fraudulent financial transfers.

Financial Crimes 75

Financial Crimes Law Enforcement SWIFT Blocks 75

CB Insights

DECEMBER 9, 2021

California-based TRM Labs offers blockchain analytics and assists cryptocurrency firms, law enforcement agencies, and financial institutions in addressing fraud and financial crime stemming from crypto transactions. How’s the company performing?

Law Enforcement 63

Law Enforcement Compliance IRS FBI 63

Finovate

JULY 23, 2024

In fact, the Financial Crimes Enforcement Network (FinCEN) has reported that check fraud is becoming increasingly prevalent and, as of 2023, represents more than a third of all fraud at depository institutions. “Fraud is the single largest crime in the U.K. It accounts for 40% of all crime and contributes to £2.3

Checks 64

Checks Fraud Detection Financial Crimes Crime 64

PYMNTS

OCTOBER 7, 2020

As PYMNTS’ Preventing Financial Crimes Playbook recently noted, the U.S. The Financial Crimes Enforcement Network recently issued a warning that fraudsters are leveraging various illicit methods, including malware, phishing schemes, extortion and business email compromise (BEC) scams — all with a COVID-19 twist.

Bitcoin 93

Bitcoin Consumer Cryptocurrency Scams 93

Finovate

JULY 3, 2024

The USMS will use Coinbase Prime to centrally manage these Class 1 digital assets to facilitate various law enforcement activities. The USMS, a federal law enforcement agency within the Department of Justice, holds multiple roles within the U.S. judicial system.

Law Enforcement 52

Law Enforcement Caps Laws Money Laundering 52

PYMNTS

JULY 16, 2019

government has developed a plan that aims to fight financial crimes, including “action on crypto-assets.”. The Economic Crime Plan from H.M. Treasury and the Home Office wants to change the way economic crime is handled by boosting cooperation between government, law enforcement and the private sector. “To

Credit Cards 40

Credit Cards Crime Law Enforcement Blockchain 40

The Fintech Times

MARCH 27, 2024

Ted Datta , senior director, financial crime industry practice at Moody’s “In this case, the perpetrators manipulated the invoice system by setting up shell companies and falsifying invoices. “Beyond verifying corporations are legitimate, better detecting and acting on suspicious financial activity patterns is paramount.

Money Laundering 93

Money Laundering Financial Crimes Crime Due Diligence 93