The Fintech Times

FEBRUARY 14, 2025

Payments saw 54 per cent of attacks in Q1, but due to tougher law enforcement, the number had declined to 43 per cent by Q4. Attacks against the crypto sector also decreased to 24 per cent and stabilised following the implementation of MiCA regulations in 2023.

Deepfake 78

Deepfake APACS Law Enforcement Fraud Detection 78

PYMNTS

JULY 9, 2020

It will also contemplate a block “to comply with a law, regulation or legal order from a duly recognized U.S. The company in a statement said, per the report, “Centre can confirm it blacklisted an address in response to a request from law enforcement. authorized authority, U.S. Additionally, they can undo the decisions.

Law Enforcement 64

Law Enforcement Laws Addressing Stablecoins 64

Fintech Finance

NOVEMBER 13, 2024

Authorised Push Payment (APP) fraud continues to be one of the most pressing concerns for financial services, the payment industry, law enforcement and the general public – and new developments in cross-border payments may be making it easier.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Law Enforcement Romance Scams 98

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.

Law Enforcement 45

Law Enforcement Innovation Finance Origination 45

Fintech News

OCTOBER 6, 2024

One major focus is on proactive prevention, where the IMC advocates for tighter regulations on corporate service providers and enhanced due diligence for non-financial sectors vulnerable to exploitation by money launderers. On effective enforcement, the IMC proposes strengthening the legislative tools available to law enforcement agencies.

Money Laundering 123

Money Laundering Law Enforcement Financial Crimes Due Diligence 123

VISTA InfoSec

SEPTEMBER 30, 2024

To overcome these challenges, data protection laws are established. Data protection laws safeguard personal information and establish important guidelines on collection, storage, processing, sharing and disposal of personal data. However, GDPR is the regulation most closely tied to the formalization of the DPO role.

CCPA 130

CCPA Privacy Laws Data Breach 130

VISTA InfoSec

OCTOBER 21, 2024

To overcome these challenges, data protection laws are established. Data protection laws safeguard personal information and establish important guidelines on collection, storage, processing, sharing and disposal of personal data. However, GDPR is the regulation most closely tied to the formalization of the DPO role.

CCPA 130

CCPA Privacy Laws Data Breach 130

The Payments Association

OCTOBER 28, 2024

Collaboration with law enforcement and the Government The report stresses the importance of ongoing collaboration between financial institutions, regulators, and law enforcement. The report notes that while these rules are crucial for victim compensation, prevention remains the ultimate goal.

Scams 88

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

PYMNTS

AUGUST 14, 2020

China’s peer-to-peer (P2P) lending sector, once 6,000 businesses strong, has been reduced to fewer than three dozen as the government tightened regulations, leaving billions in loans unpaid. Regulators and law enforcement will try their best to recoup the money, he told China Central Television Friday (Aug.

P2P 126

P2P Law Enforcement Audit Non-Bank 126

PYMNTS

DECEMBER 18, 2020

The new regulations, if adopted after a comment period, would require banks and some other institutions to obtain and report the identities of parties engaging in certain digital transactions, including payments involving what are called "unhosted wallets" – effectively secret bank accounts that hold cryptocurrency.

Treasury 141

Treasury Rules Bitcoin Ransomware 141

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

PYMNTS

NOVEMBER 18, 2016

China’s recently launched cybersecurity law is getting the support of Alibaba and Tencent Holdings. The new law, which puts broad restrictions on technology companies in China, is aimed at removing cybersecurity threats from industries it deems critical and at fighting terrorism, reported Fortune.

Cybersecurity 69

Cybersecurity Laws Law Enforcement Central Bank 69

VISTA InfoSec

JULY 17, 2024

Navigate legal and regulatory frameworks Dealing with laws and rules about cybersecurity in different countries is a must. Think about the various regulations around the world. You need to know these laws well because they affect how you manage cybersecurity when dealing with multiple languages.

Cybersecurity 238

Cybersecurity Compliance Encryption Best Practices 238

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

The Payments Association

FEBRUARY 10, 2025

Voices from the industry Businesses subject to the Failure to Prevent Fraud offence must understand their legal obligations under the new law. Regulators need both the resources and the authority to take meaningful action against companies that turn a blind eye to fraudulent activities.

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

VISTA InfoSec

JUNE 21, 2023

Be sure to familiarize yourself with state laws, which your legal counsel will be able to help with. The Federal Trade Commission (FTC) recommends that companies notify law enforcement as soon as possible by contacting local FBI or U.S. Who you report the breach to can depend on the type of company and the scale of the impact.

Data Breach 130

Data Breach Breach Law Enforcement Cybersecurity 130

Fintech News

AUGUST 25, 2024

OJK commissioner Agusman stated on 6 August that the regulator is closely monitoring Investree and coordinating with law enforcement to investigate the alleged fraud. He also noted that no capital injection from investors has been realized.

Legal 113

Legal Disputes Law Enforcement P2P 113

Fintech News

AUGUST 11, 2024

Focusing on four main pillars—Regulation and Development, Supervision and Law Enforcement, Licensing, and Information and Innovation—the roadmap outlines strategic objectives to foster a robust, inclusive, and sustainable IAKD sector.

Finance 117

Finance Law Enforcement Financial Literacy Innovation 117

PYMNTS

MARCH 20, 2020

The chief executive of Impossible Aerospace, Spencer Gore, said that he was “working like crazy” to help other law enforcement organizations implement drone programs. . Other groups, like the Commercial Drone Alliance, which counts companies like Apple and Uber among its members, want regulation of drones to be sped up.

Law Enforcement 126

Law Enforcement Use Case Legal Laws 126

Fintech News

DECEMBER 18, 2023

However, a small proportion of recent remittances faced freezes by Chinese law enforcement agencies, with unclear reasons behind these actions. The regulator said in a statement, “MAS has been actively engaging the remittance companies involved. Approximately 430 reports were against Samlit Moneychanger.

Rules 109

Rules Law Enforcement MFA Laws 109

The Fintech Times

MAY 18, 2024

Binance was able to share its blockchain expertise and intelligence to help law enforcement bring the suspects to justice. However, their activities did not go unnoticed and law enforcement eventually caught up with them. We will continue to uphold this goal and deepen our cooperation with global law enforcement agencies.”

Money Laundering 69

Money Laundering Law Enforcement Financial Crimes Crime 69

Fintech News

JULY 17, 2024

These figures underscore the immense challenge facing regulators and law enforcement agencies in their efforts to curb illicit financial flows in the crypto space. The United Arab Emirates has amended Federal Decree-Law No. (20) billion in 2024.

Money Laundering 109

Money Laundering Law Enforcement AML Non-Bank 109

Fintech News

FEBRUARY 21, 2024

The regulator is conducting an in-depth investigation through direct examinations of Investree, responding to recent concerns raised by the public. 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

PYMNTS

JANUARY 27, 2020

Big Tech companies like Apple and Facebook have lately had a contentious relationship with regulators and lawmakers over issues like privacy, use of personal data and perceived bias. At times, the firms have pushed back against the idea that they need to be regulated. Other leaders in tech also spoke about the need for regulation.

Regulations 56

Regulations Law Enforcement Laws Privacy 56

Fintech News

MARCH 31, 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 113

Financial Crimes Crime Money Laundering Law Enforcement 113

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

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

PYMNTS

NOVEMBER 1, 2016

Though bitcoin had initially been billed as untraceable, to actually use bitcoin in any meaningful way, each user has a bitcoin address that law enforcement can — and has — linked to it owner. The question is whether or not regulators will like seeing so much secrecy for a currency — and what regulators frown on, banks tend to avoid.

Law Enforcement 66

Law Enforcement Bitcoin Privacy Laws 66

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

JULY 13, 2018

About two months after civil liberties organizations demanded that Amazon stop providing governments with facial recognition services, Microsoft is asking for government regulation of the technology. The tech company is also calling for laws to guide acceptable use, Reuters reported.

Law Enforcement 43

Law Enforcement Regulations Laws Request for Information 43

PYMNTS

APRIL 9, 2020

A Travelex spokesman told the WSJ that the firm got advice from security experts on how to proceed, and have kept its investors and regulators up to date on the recovery. He said British law enforcement is still investigating the crime, but declined to comment further.

Law Enforcement 111

Law Enforcement Credit Cards Payer On-Demand 111

PYMNTS

MAY 22, 2019

Members of Congress supported a plan to draft legislation aimed at the use of facial recognition software by law enforcement on Wednesday (May 22), according to reports. Facial recognition technology is accessible to one in four law enforcement agencies across the country, according to a study by Georgetown University Law Center.

Law Enforcement 53

Law Enforcement Regulations Laws Agreements 53

Neopay

APRIL 22, 2024

The UK’s company law landscape underwent significant changes with the enactment of the Economic Crime and Corporate Transparency Act, effective from 4th March 2024. The post Changes to UK company law appeared first on Neopay. Here is a summary of what you need to know about the new measures.

Laws 52

Laws Crime Due Diligence Law Enforcement 52

PYMNTS

NOVEMBER 11, 2020

The regulations will also hit Alibaba’s Ant Group, which took a beating last week after the government suspended its planned initial public offering (IPO). For example, the definition of “relative market” means that companies in a “dominant position” if they control more than 50 percent of the market would come under the new regulations.

Regs 95

Regs NOV Law Enforcement Economy 95

PYMNTS

SEPTEMBER 26, 2018

in which Uber will pay $148 million to resolve allegations that it violated state laws pertaining to data breach reporting. In a press release , the two AGs said the settlement also covers charges that Uber violated reasonable data security laws with its 2016 breach of driver and customer information.

Data Breach 69

Data Breach Breach Law Enforcement Settlement 69

PYMNTS

MARCH 20, 2020

The policy being drafted by India’s trade ministry also calls for a new regulator to provide oversight and enforce compliance. The regulator will have the authority to request information from tech firms and also enforce other Indian laws aimed at consumer protection and fair competition, the sources said.

Rules 73

Rules Law Enforcement Laws Regulations 73

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. Photo by Zach Lisko on Unsplash The post U.S.

Law Enforcement 52

Law Enforcement Caps Laws Money Laundering 52