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

US Retail Chains Push Congress to Address Resale of Stolen Items

US Retail Chains Push Congress to Address Resale of Stolen Items
US Retail Chains Push Congress to Address Resale of Stolen Items
December 09, 2021  |  Retail

Officials from major U.S. retailers, including Home Depot, Best Buy and Target, called on Congress to intervene to thwart the online resale of stolen, fake...

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Brazil’s Possible Pix Pause Likely to Cause Disruption
Brazil’s Possible Pix Pause Likely to Cause Disruption
December 07, 2021  |  Cross-border Payments

In Brazil, a temporary suspension looms for a popular payment choice — and, by extension, a disruption in commerce itself. Get the Full Story Complete...

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FinCEN Proposes Rule to Fight Illicit Finance, Boost Corporate Transparency
FinCEN Proposes Rule to Fight Illicit Finance, Boost Corporate Transparency
December 07, 2021  |  Legal & Regulation

The Financial Crimes Enforcement Network (FinCEN) handed down a Notice of Proposed Rulemaking to “implement the beneficial ownership information reporting provisions of the Corporate Transparency...

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White House Looks to Fight Real Estate Money Laundering
White House Looks to Fight Real Estate Money Laundering
December 07, 2021  |  Real Estate

The White House is looking for public input on ways to fight corruption in the U.S. real estate market, part of a larger project to...

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Crypto Company to Hackers: Give Back Our $119M
Crypto Company to Hackers: Give Back Our $119M
December 06, 2021  |  Cryptocurrency

The blockchain company BadgerDAO has a message for whoever stole $119 million in cryptocurrency from its platform: Please give it back. Get the Full Story...

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Confirmation of Payee (CoP) Offering Makes ‘Massive Difference’ for UK Businesses Tackling Fraud
Confirmation of Payee (CoP) Offering Makes ‘Massive Difference’ for UK Businesses Tackling Fraud
December 01, 2021  |  Cybersecurity

Digital fraud in the U.K. is increasing at an alarming rate. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Malicious Google Play Apps Show Password Vulnerabilities
Malicious Google Play Apps Show Password Vulnerabilities
December 01, 2021  |  Cybersecurity

In the endless cycle of cybercrime whack-a-mole, fraudsters just scored a win with a sophisticated campaign using real-seeming apps as “droppers” carrying trojan code designed...

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The Metaverse Will Need Its Own INTERPOL to Police Payments Crossing Between Virtual, Real Worlds
The Metaverse Will Need Its Own INTERPOL to Police Payments Crossing Between Virtual, Real Worlds
November 30, 2021  |  Cybersecurity

If the metaverse is a virtual world, will it need a virtual version of INTERPOL to police it for fraud and financial crimes? Like so...

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