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

62% of Large Banks Report Increases in Financial Crime

62% of Large Banks Report Increases in Financial Crime
62% of Large Banks Report Increases in Financial Crime
September 13, 2022  |  Cybersecurity

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Blockchain Emerges as Transparent Crime-Fighting Tool in Emerging Markets 
Blockchain Emerges as Transparent Crime-Fighting Tool in Emerging Markets 
September 01, 2022  |  Cryptocurrency

Despite the huge appetite for digital assets in emerging markets, promoting their adoption and mainstream accessibility have been far from smooth sailing. Get the Full...

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Secret Service Recovers $286M in COVID Aid Stolen by ID Fraud
Secret Service Recovers $286M in COVID Aid Stolen by ID Fraud
August 28, 2022  |  Cybersecurity

The Secret Service has reportedly recovered $286 million in COVID-19 relief funds that had been obtained illegally by people using fake identities. Get the Full...

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Crypto-Related Crime Less Common, Easier to Track, Says Chainalysis
Crypto-Related Crime Less Common, Easier to Track, Says Chainalysis
August 11, 2022  |  Cryptocurrency

Last week, the number of unique cryptocurrency addresses passed the 1 billion mark. Get the Full Story Complete the form to unlock this article and...

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With Tornado Cash Sanctions, Feds Seek to Lift Crypto’s Veil of Anonymity
With Tornado Cash Sanctions, Feds Seek to Lift Crypto’s Veil of Anonymity
August 09, 2022  |  Cryptocurrency

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Fourth BitMEX Figure Pleads Guilty to Failing to Implement AML, KYC Programs
Fourth BitMEX Figure Pleads Guilty to Failing to Implement AML, KYC Programs
August 09, 2022  |  Legal & Regulation

In the fourth admission to violations of U.S. law among top figures at BitMEX, the crypto exchange’s former head of development pleaded guilty to failing...

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Ransomware Fraudsters Pivot as Payments Shrink 
Ransomware Fraudsters Pivot as Payments Shrink 
July 29, 2022  |  Cybersecurity

Cybercriminals engaged in ransomware-as-a-service (RaaS) have been forced to pivot in how they run their fraudulent operations, as fewer victims coughed up payments this year...

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South Korea’s Crypto ‘Kimchi Premium’ Suspected in $3.4B FX Investigation
South Korea’s Crypto ‘Kimchi Premium’ Suspected in $3.4B FX Investigation
July 28, 2022  |  Cryptocurrency

When people talk about illicit Korean cryptocurrency transactions, people tend to think of North Korean hackers stealing billions in bitcoin to fund the country’s nuclear...

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