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Why real-time transaction monitoring is the next step for compliance
Sentinels, which helps detect money laundering in real-time, has released a report outlining why real-time transaction monitoring is the next step for compliance functions.
Titanium Blockchain pleads guilty to crypto fraud scheme
The CEO of Titanium Blockchain Infrastructure Services (TBIS), Michael Alan Stollery, has pleaded guilty for his role in a cryptocurrency fraud scheme.
Identity fraud cases increased by 109% in 2021
Last year saw a 109% increase in identity fraud cases, according to a new report from payment intelligence company Fraugster.
CFPB fines Bank of America $100m for “botching” disbursement of state...
The Consumer Financial Protection Bureau (CFPB) has fined Bank of America $100m for allegedly botching the disbursement of state unemployment benefits at the height of the pandemic.
Australians lost record $2bn to scams in 2021
Australians lost a record amount of over $2bn to scams in 2021, according to the annual report from the Australian Competition & Consumer Commission (ACCC).
Online payment fraud losses to exceed $343bn over next 5 years
Global online payment fraud losses are expected to exceed $343bn over the next five years, according to Juniper Research.
Iceland-based Lucinity scores $17m to bolster its anti-fraud services
Lucinity, which supplies banks with productivity tools to fight financial crime, has closed its Series B funding round on $17m.
Queen’s Speech outlines new protections to fraud victims
As part of the Queen’s Speech at the UK’s opening of parliament, a new Financial Services and Markets Bill was announced with new fraud protections for consumers.
Why firms need internal audit technology
Ideagen, which develops GRC management solutions, has released a report offering an in-depth exploration of auditing software.
Mining Capital Coin’s CEO charged for alleged $62m fraud scheme
An indictment was unsealed that charges Mining Capital Coin’s CEO for allegedly orchestrating a $62m global investment fraud scheme.