Financial Crime

Financial crime is defined as crime that is specifically committed against property. These crimes are almost always committed for the personal benefit of the criminal, and they involve an illegal conversion of ownership of the property that is involved.

Source: complyadvantage.com

Featurespace Looks to Tackle $2T Money Laundering Wave
Featurespace Looks to Tackle $2T Money Laundering Wave
November 22, 2022  |  Artificial Intelligence

Anticipating a wave of fraud tied to a global recession in 2023, financial crime prevention firm Featurespace says it is building an artificial intelligence (AI)...

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FBI Charges Investment Manager in $10M Crypto Ponzi Scheme
FBI Charges Investment Manager in $10M Crypto Ponzi Scheme
November 20, 2022  |  Security & Fraud

Federal authorities have charged an Ohio man with taking part in a fraudulent cryptocurrency investment scheme that raised at least $10 million from investors. Get...

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New AML Measures a ‘Tectonic Shift’ in EU Approach to Combating Financial Crime
New AML Measures a ‘Tectonic Shift’ in EU Approach to Combating Financial Crime
November 20, 2022  |  AML

In the latest changes to the European Union’s (EU) anti-money laundering (AML) framework, the European Commission (EC) is finalizing the details of a package of...

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FTX Considers Sale as Top 50 Creditors Seek $3.1B
FTX Considers Sale as Top 50 Creditors Seek $3.1B
November 20, 2022  |  Cryptocurrency

Bankrupt cryptocurrency exchange FTX owes its top 50 creditors close to $3.1 billion and is reportedly considering either a sale or reorganization. Get the Full...

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SBF’s ‘Big Dumb Game’ Leaves ‘Worse than Enron’ Cleanup For CEO
SBF’s ‘Big Dumb Game’ Leaves ‘Worse than Enron’ Cleanup For CEO
November 17, 2022  |  Cryptocurrency

By most accounts, Sam Bankman-Fried (SBF), the ex-CEO of what only weeks ago was the third largest crypto exchange in the world, has precipitated a...

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US Wants to Bring FTX’s Bankman-Fried to Country for Questioning
US Wants to Bring FTX’s Bankman-Fried to Country for Questioning
November 15, 2022  |  Cryptocurrency

Former FTX CEO Sam Bankman-Fried may be coming to the United States for questioning by authorities.  Get the Full Story Complete the form to unlock...

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Turkey Probes FTX’s Local Crypto Business and Ties
Turkey Probes FTX’s Local Crypto Business and Ties
November 14, 2022  |  Cryptocurrency

Turkey has joined the many jurisdictions around the world that are investigating crypto exchange FTX after its collapse.  Get the Full Story Complete the form...

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Report: Bahamian Authorities Investigating FTX
Report: Bahamian Authorities Investigating FTX
November 13, 2022  |  Cryptocurrency

Bahamas-based crypto exchange FTX’s troubles continued this weekend with reports that police and regulators in the Caribbean nation had interviewed former CEO Sam Bankman-Fried. Get...

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UN Official Martynova Says Crypto-Terror Attacks Likely on the Rise
UN Official Martynova Says Crypto-Terror Attacks Likely on the Rise
October 31, 2022  |  Cryptocurrency

Cryptocurrency crime regulation has reached international attention, according to UN officials on Monday (Oct. 31). Get the Full Story Complete the form to unlock this...

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