Fintech News

JUNE 6, 2024

Lastly, the cross-border nature of many scams makes it challenging for law enforcement agencies to track and apprehend the perpetrators. For their part, real-time notifications should enable consumers to report any suspicious activities immediately to their FIs, facilitating timely remedial action.

Scams

The Fintech Times

JUNE 11, 2024

The fraud minister must also provide leadership in breaking down barriers to sharing fraud intelligence between companies in different sectors, law enforcement and government departments – a vital step towards shutting down scammers at the earliest opportunity. Rocio Concha, director of policy and advocacy at Which?

Crime

PYMNTS

SEPTEMBER 23, 2020

Such rules determine how different entities can access the data banks hold, Schmidt explained, including standards for private companies and law enforcement agencies. He explained that the cloud can help FIs swiftly respond to compliance and security challenges during the pandemic. Coming back to ‘What is the compliance aspect?’

Compliance

PYMNTS

DECEMBER 10, 2018

If bad actors abuse our systems, we take swift action, including terminating their selling accounts, deleting reviews, withholding funds, taking legal action and working with law enforcement,” the spokeswoman said. The crackdown hasn’t stopped all sellers from going after rivals.

Law Enforcement

The Fintech Times

MARCH 27, 2024

Advanced analytics and AI-powered systems can provide valuable insights into risks related to fraud and shell companies, empowering banks to make swift, informed decisions to protect their customers and assets. Communication between banks, law enforcement, and regulators must be seamless when threats arise.

Money Laundering

PYMNTS

APRIL 9, 2018

So far, 20 people have been arrested , including a PNB senior official, two officers in charge of the foreign exchange department and one officer in charge of checking the SWIFT communications.

Law Enforcement

Clearly Payments

MARCH 4, 2024

Eventually, law enforcement agencies intervened, leading to the arrest and prosecution of numerous individuals involved in the scheme, highlighting the complexity and magnitude of modern phishing fraud and emphasizing the critical need for robust cybersecurity measures and user awareness to combat such criminal activities.

Phishing

The Fintech Times

MAY 30, 2024

As regulatory and law enforcement agencies across the globe are doggedly seeking to assert jurisdiction over the crypto industry, many companies have come under intense scrutiny in recent years due to many cases of compliance violations. Nataly Medici , chief financial officer of neobank Keytom explores what firms can do.

Compliance

The Payments Association

JANUARY 29, 2025

As a result, suspicious patterns, including low-value, high-frequency transactions associated with human trafficking, went unnoticed, depriving law enforcement of crucial intelligence. SAR and high-risk client backlogs : TD Bank faced delays in reviewing suspicious activity and closing high-risk accounts.

Financial Crimes

PYMNTS

JULY 31, 2020

In a Tweet, the San Francisco-based social networking service said “We appreciate the swift actions of law enforcement in this investigation and will continue to cooperate as the case progresses. The arrests come on the same day Twitter updated users about the investigation of the massive security breach.

Law Enforcement

Segpay

NOVEMBER 8, 2023

Their team of experts utilizes innovative technology, artificial intelligence, and the support of tech companies and law enforcement agencies worldwide to identify and assess potentially illegal content. Collaboration with Authorities Collaboration with law enforcement agencies, card schemes, and organizations like the IWF is critical.

Law Enforcement

Neopay

FEBRUARY 21, 2024

They provide important information to law enforcement, helping to catch criminals and prevent future crimes. Additionally, firms must ensure that any draft SARs started on SAR Online are either submitted or transferred over to the SAR Portal before 2:00pm GMT on 4 March 2024, to avoid losing them.

SARS

PYMNTS

OCTOBER 9, 2018

The collision of geopolitics and banking continues in headlines tied to sanctions, the SWIFT payment system, SWIFT’s connection to Iranian banks and controversies continuing over state sponsorship of terrorism. If you can designate a bank [for sanctions], then there’s no need to force SWIFT to disconnect from Iran.”.

SWIFT

PYMNTS

APRIL 3, 2019

The directive instructs the Department of Homeland Security to coordinate with federal law-enforcement agencies working to combat counterfeiting of good. Online third-party marketplaces should note these efforts and move swiftly to clean up their own houses.”.

Law Enforcement

Fintech News

DECEMBER 19, 2024

He emphasises the importance of monitoring corporate mentions on the dark web to enable swift countermeasures. High-profile law enforcement actions against cybercrime groups in 2024 are expected to intensify, potentially driving cybercriminals to invitation-only forums to evade detection.

Ransomware

Fintech News

MAY 8, 2025

Since at least 2023, a sweeping regional crackdown has targeted these criminals networks, with key efforts including joint law enforcement actions, military operations, and cross-border cooperation, leading to the arrest and deportation of tens of thousands of individuals, many of them Chinese nationals.

Scams

Fintech Review

FEBRUARY 23, 2025

ZeroShadow activated its 24/7/365 Global Response team, collaborating closely on Bad Actor Tracing and Identification, Funds Tracing, and Law Enforcement Communications to support the investigation and recovery efforts.

API

Nanonets

OCTOBER 29, 2024

In early 2024, several albums dominated Spotify's streaming charts, with Taylor Swift's "1989 (Taylor's Version)" and Drake's "For All The Dogs" maintaining strong streaming numbers despite being late 2023 releases. Although Claude 3.5

Payment APIs and Integration