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

The Money Laundering Cycle Spins On
The Money Laundering Cycle Spins On
March 26, 2019  |  Today In Data

It’s a $2 trillion problem, according to stats, and global in scope. Money laundering is big business and the recovered funds are scant, which begs a...

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Fixing The KYC And AML ‘Horse-and-Buggy’ Model
Fixing The KYC And AML ‘Horse-and-Buggy’ Model
March 25, 2019  |  Security & Fraud

Only 1 percent of proceeds from financial crimes are intercepted, which means the bad guys are getting away with hundreds of billions of dollars, even...

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Financial Scams Against UK Consumers, Biz Up 16 Pct
Financial Scams Against UK Consumers, Biz Up 16 Pct
March 21, 2019  |  Security & Fraud

Financial scams perpetrated against U.K. households and companies increased 16 percent in 2018, according to new data. Get the Full Story Complete the form to...

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Report: BEC Fraud Increasingly Goes Mobile
Report: BEC Fraud Increasingly Goes Mobile
March 21, 2019  |  Security & Fraud

The wiles and ways of scammers to part businesses from their money continue to proliferate, and continue to use technology as a springboard to trick...

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BBVA: Inquiry Into Spying Allegations Could Last Months
BBVA: Inquiry Into Spying Allegations Could Last Months
March 15, 2019  |  Banking

As BBVA Executive Chairman Carlos Torres seeks to ease the concerns of retail investors, the company official said it could take months to complete an inquiry...

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Combating Money Laundering With Automation
Combating Money Laundering With Automation
March 15, 2019  |  Today In Data

Solution providers are working to address proper compliance for financial institutions (FIs) and corporations across global markets. In addition, Kroger has become one of the...

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Wirecard: Internal Investigation Clears Accounting Manager
Wirecard: Internal Investigation Clears Accounting Manager
March 14, 2019  |  Security & Fraud

Wirecard, a German payments company, said an internal investigation has cleared its Asia-Pacific accounting manager who was accused of faking transactions to boost revenue numbers....

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Authorities Investigating Dutch Ties To Billions In Laundered Money
Authorities Investigating Dutch Ties To Billions In Laundered Money
March 06, 2019  |  Security & Fraud

Dutch prosecutors are investigating whether banks in the country were part of a huge money laundering operation in Russia, according to a report by Reuters....

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Ex-Barclays Execs Accused Of Concealing £322 In Qatar Fees
Ex-Barclays Execs Accused Of Concealing £322 In Qatar Fees
January 23, 2019  |  Security & Fraud

Four former high-ranking bank officials at Barclays have been accused of hiding 322 million pounds ($420 million) in payments to Qatar in exchange for investing...

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