bank fraud

Why AI Is MIA In Most FI Fraud Departments

Why AI Is MIA In Most FI Fraud Departments
Why AI Is MIA In Most FI Fraud Departments
June 04, 2019  |  Artificial Intelligence

In the old days, forged checks were the biggest problems that bank fraud departments had to manage. Today, financial institutions (FIs) face a barrage of...

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Metro Bank Hit By More Fraud Probes
Metro Bank Hit By More Fraud Probes
May 31, 2019  |  B2B Payments

Two U.S. law firms have launched investigations into the U.K.’s Metro Bank on behalf of investors concerned that the institution committed securities fraud. Reports in...

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Deutsche Bank Internal Investigation Finds Russian ‘Dirty Money’
Deutsche Bank Internal Investigation Finds Russian ‘Dirty Money’
April 18, 2019  |  Cybersecurity

An internal investigation at Deutsche Bank has found that it processed at least €175 million (nearly $197 million USD) in dirty money for Russian criminals...

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UK Bank TSB Will Issue Refunds To Fraud Victims
UK Bank TSB Will Issue Refunds To Fraud Victims
April 14, 2019  |  Cybersecurity

U.K. bank TSB said it would refund its 5.2 million customers who were the victims of an online fraud scam. Get the Full Story Complete...

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SWIFT On Cybercrime’s Evolution Post-Bangladesh Bank Heist
SWIFT On Cybercrime’s Evolution Post-Bangladesh Bank Heist
April 11, 2019  |  Cybersecurity

Three years after fraudsters made off with $101 million from a Bangladesh bank, cyber threats have evolved, according to a new report by SWIFT.  The...

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Michael Avenatti Arrested For Bank, Wire Fraud
Michael Avenatti Arrested For Bank, Wire Fraud
March 26, 2019  |  Legal & Regulation

Attorney Michael Avenatti has been charged in two federal cases with wire and bank fraud, as well as allegedly attempting to extort more than $20...

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Indian Jeweler Modi Denied Bail In $2B Bank Fraud Case
Indian Jeweler Modi Denied Bail In $2B Bank Fraud Case
March 20, 2019  |  Cybersecurity

Nirav Modi, an Indian jeweler accused of bank fraud to the tune of $2 billion, was denied bail in London, reported Bloomberg. Get the Full...

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Huawei CFO Charged With Bank Fraud
Huawei CFO Charged With Bank Fraud
January 29, 2019  |  Legal & Regulation

U.S. prosecutors have filed criminal charges against China’s largest technology company, accusing it of stealing trade secrets and committing bank fraud. Get the Full Story...

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