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

DECEMBER 18, 2020

In addition, ransomware attacks and associated demands for payment, which are almost exclusively denominated in CVC, are increasing in severity.". The rationale for the new regulations, as the government laid out in the Federal Register, is that "U.S.

Treasury 141

Treasury Rules Bitcoin Ransomware 141

PYMNTS

NOVEMBER 3, 2020

The panic buying mirrors that of the very early days of the pandemic, with everyday products like paper towels, toilet paper and cleaning supplies seeing more demand. The company called for a "strong federal anti-price gouging law," according to the report.

Law Enforcement 107

Law Enforcement Laws On-Demand Product 107

Fintech News

JANUARY 7, 2024

Moreover, the DPRK has been continually evolving its money laundering tactics to evade international law enforcement. As US sanctions and enforcement actions targeted their previous go-to obfuscation platforms like Tornado Cash and ChipMixer, North Korea pivoted to another mixer, the BTC service Sinbad.

OFAC 117

OFAC Law Enforcement Money Laundering Cryptocurrency 117

PYMNTS

APRIL 9, 2020

The cybercriminals demanded $6 million in ransom with a promise that they would not release the sensitive information of Travelex customers, including birthdates and credit card numbers. He said British law enforcement is still investigating the crime, but declined to comment further.

Law Enforcement 111

Law Enforcement Payer Credit Cards On-Demand 111

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

CB Insights

SEPTEMBER 20, 2017

That means that by the time a person reports being drugged with GHB, it’s often too late for law enforcement officials to prove the victim was given the drug. . In addition, effective testing demands significant manipulation of blood or urine samples in the lab. A new discovery may change that. First Name.

Law Enforcement 45

Law Enforcement Laws Research Legal 45

PYMNTS

JULY 28, 2019

Federal law enforcement is helping in the investigation. The district staff reported this electronic viral attack to local law enforcement, state officials and the FBI. An investigation involving local, state and federal law enforcement is ongoing at this time.”. As a result, Gov.

Law Enforcement 64

Law Enforcement FBI Ransomware Laws 64

PYMNTS

DECEMBER 14, 2016

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. 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.

FBI 68

FBI Law Enforcement Authorization Laws 68

PYMNTS

FEBRUARY 9, 2020

Europol, the European Union’s law enforcement agency, considers ransomware the “most widespread and financially damaging form of cyberattack.”. The attackers demanded higher ransom, hijacking companies’ systems and demanding bitcoin payment in exchange for a decryption key. and Europe.

Ransomware 75

Ransomware FBI Law Enforcement Compromise 75

PYMNTS

SEPTEMBER 22, 2016

While it’s seen as a way to protect consumers, the report noted it also gives Russia a gateway to build its own “Big Brother” department that could profile user behavior online in Russia, helping law enforcement create psychological profiles and “taste preferences” of people the government is tracking. Google, Yandex, Mail.ru

Rules 58

Rules Law Enforcement Encryption Laws 58

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

PYMNTS

MAY 21, 2020

On one hand, The Wall Street Journal reported recently that legal marijuana businesses initially saw high demand for their wares as the pandemic hit – and thus did not necessarily need extra sources of funding. Among those ineligible for PPP loans have been SMBs that deal with legal cannabis.

Legal 100

Legal Law Enforcement Laws Governance 100

PYMNTS

MAY 28, 2018

Democratic Representatives Keith Ellison of Minnesota and Emanuel Cleaver of Missouri are demanding answers from Amazon as to how its facial recognition technology dubbed Rekognition is being used by law enforcement agencies around the country. Two police departments in those states use the technology.

Law Enforcement 40

Law Enforcement Laws Request for Information Audit 40

PYMNTS

NOVEMBER 20, 2019

That number is higher than the previous year, which was 2,940 demands for 17,181 user accounts. As for Canadian government requests, the company got 161 demands for about 593 accounts. The company said the requests, largely from law enforcement authorities, pose a challenge. . regulators and 1.8

Law Enforcement 46

Law Enforcement Privacy Laws Government 46

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

NOVEMBER 29, 2018

The letter asked four questions and requested additional information about the product, and about Amazon’s decision to make it available for law enforcement. In May, Democratic Representatives Keith Ellison of Minnesota and Emanuel Cleaver of Missouri also demanded answers from Amazon about the program. 13 of this year.

Law Enforcement 49

Law Enforcement Laws Audit Assessments 49

The Fintech Times

JULY 25, 2024

Guilherme Nazar, regional vice president for Latin America, Binance “Latin America is a very important region for Binance , and we believe there is room for significant user growth, reflecting specific demands in each country. According to Binance, one in two cryptocurrency users (50.3 per cent of respondents.

Law Enforcement 59

Law Enforcement Cryptocurrency Laws Blockchain 59

PYMNTS

MARCH 13, 2020

The company also noted that, beyond its continuing probe, “we reported this matter to law enforcement and are offering our full cooperation.” Health authorities have encouraged the elderly not to travel on cruises, while demand for cruises has declined precipitously.

Data Breach 68

Data Breach Breach Law Enforcement SARS 68

PYMNTS

DECEMBER 13, 2019

He noted that ATM skimming and jackpotting — where malicious code or hardware is installed at the machine to coax cash to be spit out on demand — remain among the most significant security concerns into the holiday season. In terms of detecting the actual mechanics of the fraud involved, though, the job is getting tougher.

ATM 90

ATM Law Enforcement Contactless Payments Security 90

PYMNTS

APRIL 27, 2020

The company is continuing to target high-priority items to ensure the fastest delivery of household staples, medical supplies, and other high-demand products coming into our fulfillment centers. “We’re and European law enforcement in January. as well as in China, the U.K. and Japan. .

Federal Trade Commission 70

Federal Trade Commission Law Enforcement On-Demand Laws 70

FICO

FEBRUARY 19, 2020

The ability to move money through multiple accounts quickly, makes it difficult for law enforcement to track criminal proceeds. The Clearing House Association announced in January 2020 that on February 1 st the limit for a single transaction using their RTP scheme will increase from it’s current $25,000 to $100,000.

Real Time Payments 92

Real Time Payments Financial Crimes Crime Account Takeovers 92

PYMNTS

JANUARY 18, 2019

Some Amazon shareholders have sent a letter to the company, according to CNBC , demanding that it stop selling its facial recognition software to government agencies. Amazon has already reportedly sold Rekognition to law enforcement in at least two states, and has proposed it to ICE, while the FBI is currently testing it out.

Law Enforcement 46

Law Enforcement FBI Laws Governance 46

FICO

MAY 27, 2021

This is why tax entities and home utilities are always a popular target for fraudsters, but during COVID-19 lockdowns, our lives were forced to be remote – which brought with it an increase in the use of courier services to meet the exploding demand of customers purchasing from e-commerce channels. LinkedIn Profile: Toby Carlin.

Scams 98

Scams Law Enforcement Compromise Fraud Prevention 98

PYMNTS

JANUARY 27, 2020

Analysts warned that some variants of ransomware began to target larger enterprises (thus, the larger payouts), with the cyberattack hitting a new high of demanding $780,000, according to InfoSecurity Magazine. Other attacks hit small businesses with demands as low as $1,500, researchers found.

Business Email Compromise 71

Business Email Compromise Scams Ransomware Real Time Payments 71

PYMNTS

AUGUST 1, 2019

Amazon does not disclose customer information in response to government demands unless we’re required to do so to comply with a legally valid and binding order,” the company said. Amazon released a transparency report on its website on Wednesday (July 31), and it said that for the first six months of the year, the U.S.

Law Enforcement 43

Law Enforcement Encryption Laws Legal 43

The Fintech Times

JUNE 30, 2024

The solution helps banks swiftly identify and prevent money mule activities, addressing global regulatory demands and significant laundering operations. While in 2022 law enforcement organisations from 25 countries arrested 2,469 money mules in a worldwide crackdown against money laundering.

Financial Crimes 75

Financial Crimes Law Enforcement SWIFT Blocks 75

PYMNTS

MAY 14, 2020

The disparate standards among states present a significant challenge for retailers working to assist law enforcement, protect consumers, and comply with the law,” Huseman wrote. “The The lawsuit alleged high-demand items, such as face masks and cold remedies, showed “flagrantly unlawful” price increases.

Laws 57

Laws Federal Trade Commission Law Enforcement FTC 57

PYMNTS

APRIL 28, 2019

The police have been investigating bitcoin machines at Tampines One Mall in Singapore that featured posters claiming to be an alert from law enforcement about the crypto, but were actually put up by scammers attempting to trick people to call a phone number.

Scams 59

Scams Bitcoin Business Email Compromise Law Enforcement 59

PYMNTS

APRIL 4, 2019

Two dozen artificial intelligence (AI) researchers working in tech and academia have sent a letter to Amazon Web Services (AWS), asking for it to stop selling its facial recognition software to law enforcement agencies.

Law Enforcement 43

Law Enforcement Laws Research AI 43

PYMNTS

JULY 15, 2020

The bills in question include the Lawful Access to Encrypted Data (LAED) Act and the Eliminating Abusive and Rampant Neglect of Interactive Technologies (EARN IT) Act, the former of which is a new bill and the latter of which has been in the works for months and gone through several amendments. million for the second quarter. million.

IRS 61

IRS Encryption Law Enforcement Privacy 61

PYMNTS

FEBRUARY 13, 2019

” Indeed, researchers have found evidence that companies are struggling to manage the growing weight of KYC, anti-money laundering (AML) and other financial regulatory compliance demands. law enforcement led to 13 arrests in New York in 2017. Payments messaging firm SWIFT announced on Tuesday (Feb. ”

Money Laundering 64

Money Laundering AML Economy SWIFT 64

PYMNTS

JUNE 6, 2019

Recent healthcare data hacks have impacted almost 20 million people — and some members of Congress are demanding answers. In a separate letter, Menendez and Booker demanded that Quest provide a detailed timeline of the breach and the company’s reaction, including the steps it has taken to limit any additional harm to patients.

Law Enforcement 51

Law Enforcement Breach Data Breach On-Demand 51

The Payments Association

APRIL 23, 2025

It takes AML teams weeks (if not months) of diligent analysis to escalate these activities to law enforcement. Most money laundering typologies, such as transaction layering, rapid and high-frequency fund movements, and unusual counterparty relationships, require historical transaction data to identify suspicious patterns.

AML 88

AML Suspicious Activity Report (SAR) Addressing Fraud Prevention 88

PYMNTS

NOVEMBER 30, 2017

According to reports, Spolidoro demanded money from the tellers, then left the bank with $1,000 in stolen cash. Law enforcement followed Spolidoro into Boston. A dye pack attached to the money exploded as he fled the scene, CBS Boston noted. Spolidoro’s arraignment will be held on Tuesday (Dec.

Law Enforcement 40

Law Enforcement NOV Laws On-Demand 40

Fintech News

FEBRUARY 21, 2024

These tools have enabled law enforcement agencies to trace the flow of funds, unmasking the networks behind criminal operations. Once these frameworks are implemented and enforced, we then need to see what the impact is on the industry,” said Chengyi Ong, Chainalysis Head of Policy for APAC.

Crime 109

Crime Ransomware Scams Romance Scams 109

PYMNTS

JANUARY 7, 2020

The alleged perpetrators of a cyberattack on Travelex , the “world’s largest retail currency dealer,” was Sodinokibi, a cyber gang demanding ransom, according to reports. Sodinokibi contacted the BBC on Tuesday (Jan. 7), claiming responsibility for the attack that caused Travelex to shut down last week.

Ransomware 52

Ransomware Law Enforcement On-Demand Cybersecurity 52