PYMNTS

APRIL 15, 2019

Law enforcement agencies around the country are increasingly going after search warrants to obtain information from Google, based on the location data of phones near crimes, The New York Times reported. Officials in law enforcement who use the technique say it’s just a tool, and that suspects are still fully investigated. . “It

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Law Enforcement Laws Crime Database 49

The Fintech Times

APRIL 7, 2025

In the anti-fraud strategy, Innovate Finance advocates for a data-sharing approach across sectors, regulators and the law enforcement industry, to industrialise the UKs use of technology to spot and stop fraud and enable all financial firms to access and use these solutions.

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Law Enforcement Innovation Finance Laws 45

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

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.

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Law Enforcement Laws Visa Push-to-Card 43

Fi911

JUNE 9, 2025

billion in 2021 alone , according to the FBI’s Internet Crime Complaint Center. Law enforcement coordination requires established relationships. Local FBI offices and Secret Service units specialize in financial crimes, but they need quick notification and comprehensive documentation.

Email Compromise 52

Email Compromise Business Email Compromise Compromise Law Enforcement 52

Payments Source

NOVEMBER 9, 2018

A new group aims to foster collaboration between fintechs and state and federal officials in the fight against crime — without hindering legitimate business innovation.

Law Enforcement 63

Law Enforcement Laws FinTech Crime 63

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

FEBRUARY 21, 2024

The report by Chainalysis provides a deep dive into these changes, highlighting the decline in certain types of crypto crimes and the persistence, if not growth, of others, such as ransomware and darknet markets. These tools have enabled law enforcement agencies to trace the flow of funds, unmasking the networks behind criminal operations.

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Crime Ransomware Scams Romance Scams 109

The Fintech Times

APRIL 2, 2025

Revolut today released its third Consumer Security and Financial Crime Report , revealing the rapidly evolving tactics of fraudsters across its markets. The report highlights that Meta platforms remain the biggest source of all scams globally (58 per cent) in 2024.

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Scams Consumer Financial Crimes Encryption 59

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.

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Law Enforcement Laws FTC SWIFT 52

FICO

FEBRUARY 19, 2020

For many consumers and businesses, the ability to quickly send money directly from their bank account is a win in terms of convenience, but it isn’t without risk, when it comes to fraud and other types of financial crime. How RealTime Payments Impact Financial Crime. Account Takeover Fraud.

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Real Time Payments Financial Crimes Crime Account Takeovers 92

Neopay

APRIL 28, 2025

With recent data showing that fraud increased last year by 19%, and that it accounts for more than 40% of all reported crime in England and Wales, the government is acting to prevent and counter these evolving threats and deliver security for the public as a foundation of the Plan for Change. We look forward to working together on this issue.”

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Fintech News

FEBRUARY 10, 2025

The world witnessed an alarming escalation in cryptocurrency -related crimes in 2024. trillion in 2024, up 56% from the previous year, the shadow economy of digital crime has grown increasingly sophisticated. trillion in 2024, up 56% from the previous year, the shadow economy of digital crime has grown increasingly sophisticated.

Crime 91

Crime Ransomware Scams Phishing 91

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.

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Money Laundering Financial Crimes Crime APACS 127

Fintech News

JUNE 16, 2024

The Singapore Police Force (SPF) identified a multi-jurisdictional operation, with involvement from the Hong Kong Police Force (HKPF) and the Royal Malaysia Police (RMP), to investigate these crimes. The joint effort led to the arrest of the two suspects in Malaysia on 12 June 2024. They were extradited to Singapore on 14 June.

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Scams Law Enforcement Crime Compromise 119

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

The Payments Association

APRIL 7, 2025

SNEAK PEE K: Unveiled: Key Financial Crime 360 findings July 16, 2024 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The findings of the Financial Crime 360 survey, focusing on the challenges, prevalent fraud types, and strategic responses across various sectors. Why is it important?

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Financial Crimes Crime Fraud Prevention AML 88

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.

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Blocks Law Enforcement Money Laundering Crime 116

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.

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Money Laundering Law Enforcement Financial Crimes Laws 69

The Fintech Times

JANUARY 30, 2025

Statistics from the Crime Survey for England and Wales reveal law enforcement’s growing challenges in tackling phone theft. However, over 62 per cent of phone theft victims suffer additional losses beyond their devices. per cent of ‘theft from the person’ cases lead to a conviction, while 81.9

Consumer 59

Consumer Online and Mobile Banking Law Enforcement Crime 59

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

JUNE 23, 2024

Since the last assessment in 2014, Singapore has closely monitored ML risks, including those related to legal persons, virtual assets, and environmental crimes, to ensure timely risk mitigation.

Money Laundering 109

Money Laundering Risk Law Enforcement Crime 109

PYMNTS

DECEMBER 18, 2020

18) that the government says would make convertible digital currencies like bitcoin less attractive to criminals engaging in crimes such as ransomware attacks. Treasury Department proposed sweeping new rules late Friday (Dec.

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Treasury Rules Bitcoin Ransomware 141

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

The Payments Association

JANUARY 29, 2025

2024 brought significant regulatory action, highlighting persistent weaknesses in financial crime controls across the industry. As we enter 2025, we look back at five significant cases from 2024 and the lessons they provide for organisations aiming to strengthen their financial crime frameworks. billion settlement with the U.S.

Financial Crimes 88

Financial Crimes Crime Due Diligence Money Laundering 88

PYMNTS

APRIL 30, 2020

The International Criminal Police Organization (Interpol), the Lyon, France-based global law enforcement agency, said suspects have been arrested delivering cocaine, marijuana, ketamine and ecstasy by bicycle, motorcycle and car in Ireland, Malaysia, Spain and the United Kingdom. “As

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Law Enforcement Laws Crime Addressing 80

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

Innovative Payments Association

JANUARY 13, 2025

Report Suspicious Activity: If you suspect fraud, report it to your bank, payment provider, and law enforcement immediately. Educate Yourself on New Payment Systems: Familiarize yourself with how digital wallets, peer-to-peer payment apps, and other systems work. Understanding these tools reduces the risk of falling for scams.

Scams 52

Scams Law Enforcement Payments FBI 52

The Fintech Times

JUNE 11, 2024

Something has to be done though, as 40 per cent of crimes committed in England and Wales are fraudulent. The next government must show it will make tackling this terrible crime a national priority and appoint a fraud minister to bring sectors together and drive forward real change at pace. What’s next? The post Which?

Crime 69

Crime Law Enforcement Laws Governance 69

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

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

APRIL 3, 2024

“It complements the industry’s existing close collaboration with MAS and law enforcement authorities to combat financial crime. The post Singapore Introduces COSMIC Platform to Combat Financial Crimes appeared first on The Fintech Times.

Financial Crimes 59

Financial Crimes Crime Money Laundering Law Enforcement 59

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).

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Crime Research Financial Crimes FBI 64

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.

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Law Enforcement FBI Scams Crime 109

PYMNTS

JULY 27, 2020

Although there are countless ways a cybercriminal can swindle funds from a company — either from the outside or within — it’s often the invoice at the center of the crime. Irish law enforcement reportedly arrested two men in connection to the case. Law enforcement officials said their investigation remains ongoing.

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Law Enforcement Scams Phishing B2B 101

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 billion in losses reported to the Internet Crime Complaint Center. Of the 74 arrested, 42 were people in the U.S.,

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Email Compromise FBI Compromise Law Enforcement 60

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.

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Money Laundering Law Enforcement AML Non-Bank 109