An overseer at HSBC flagged questionable transactions by Huawei Technologies, leading to the arrest of Huawei Chief Financial Officer Meng Wanzhou, according to a report by The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Deutsche Bank’s exposure to the Danske Bank money laundering scandal has increased after the bank found it processed an additional €31bn of suspicious funds for Danske Bank than previously thought, reported Financial Times. Get the Full Story Complete the form to unlock this article and...
The hackers behind that data breach at Marriott International may have been working for the government of China as part of an intelligence-gathering effort, reported Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
A new study has revealed that a large-sized company in India loses an average of $10.3 million each year due to cyberattacks, while a mid-sized firm loses an average of $11,000 annually. Get the Full Story Complete the form to unlock this article and enjoy...
Everything can seem right. But that’s only because the criminals are good. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...
After one of the largest data breaches in history, affecting an estimated 500 million guests, Marriott International Chief Financial Officer Leeny Oberg said the attack is too recent to estimate how much it will cost the company, and that it’s hard to compare attacks between...
Several regulatory agencies issued a joint statement Monday (Dec. 3) that urged banks to study and implement “where appropriate” methods that would bring innovate approaches to anti-money laundering efforts and Bank Secrecy Act compliance. Get the Full Story Complete the form to unlock this article...
The center of the money laundering investigation at Deutsche Bank lies at a tiny unit that was barely able to eke out a profit and had been up for sale since the early part of 2016, reported Financial Times. Get the Full Story Complete the...
Chief financial officers at some of the world’s biggest banks and mortgage companies are in the crosshairs of a hacker group that compiled a list of 35,000 CFOs that they can target with requests to transfer money. Get the Full Story Complete the form to unlock...
