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

Ex-Goldman Banker Extradited To US On 1MDB Charges

Ex-Goldman Banker Extradited To US On 1MDB Charges
Ex-Goldman Banker Extradited To US On 1MDB Charges
May 06, 2019  |  Security & Fraud

A former Goldman Sachs banker in Malaysia has been extradited to the U.S. to face charges stemming from the scandal at the 1MDB state fund....

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SoftBank Mulls Stake In Wirecard
SoftBank Mulls Stake In Wirecard
April 24, 2019  |  Investments

SoftBank is considering investing in German financial company Wirecard, according to Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Deutsche Bank Internal Investigation Finds Russian ‘Dirty Money’
Deutsche Bank Internal Investigation Finds Russian ‘Dirty Money’
April 18, 2019  |  Security & Fraud

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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Data Dive, Criminality Edition: Fingerprints And Wire Fraud And Money Laundering (Oh My!)
Data Dive, Criminality Edition: Fingerprints And Wire Fraud And Money Laundering (Oh My!)
April 15, 2019  |  Data Dive

Not every innovation is a good innovation. Some, like the pet rock, are merely fads. Others, like the iPhone, are change-the-world impactful. Then there are...

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Dozens Of Cybercrime Groups Found On Facebook
Dozens Of Cybercrime Groups Found On Facebook
April 05, 2019  |  Security & Fraud

Dozens of cybercriminal groups have found a home on Facebook, using the platform’s online marketplace to sell illegal services such as stolen credit card information,...

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Wirecard Shares Jump 30 Pct Post-Investigation
Wirecard Shares Jump 30 Pct Post-Investigation
March 26, 2019  |  Security & Fraud

Shares in Wirecard, which were down on allegations of misconduct involving its Singapore office, have rebounded on positive news from an investigation by an outside...

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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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