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

Report: Interpol Scam Crackdown Puts Focus on Online Payments Security
Report: Interpol Scam Crackdown Puts Focus on Online Payments Security
July 09, 2024  |  Security & Fraud

Interpol — short for the International Criminal Police Organization — may be familiar to readers as a staple of spy and action movies … where...

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Hawk Updates AI Platform to Enhance Financial Crime Detection
Hawk Updates AI Platform to Enhance Financial Crime Detection
July 03, 2024  |  artificial intelligence

Hawk’s artificial intelligence (AI)-powered anti-financial crime platform now includes additional capabilities for spotting risk by identifying links between data points. Get the Full Story Complete...

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DEA: Drug Traffickers Found Citi ‘Favorable’ for Money Laundering
DEA: Drug Traffickers Found Citi ‘Favorable’ for Money Laundering
July 01, 2024  |  AML

Federal investigators say drug traffickers laundered money through Citigroup, believing it had looser fraud measures. Get the Full Story Complete the form to unlock this...

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Singapore Says Banking Sector Is Top Money Laundering Risk
Singapore Says Banking Sector Is Top Money Laundering Risk
June 20, 2024  |  AML

Singapore has identified banks as the entities posing the greatest money laundering (ML) risk to the country. Get the Full Story Complete the form to...

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Hackers Increasing Pressure on Snowflake Customers to Make Ransom Payments
Hackers Increasing Pressure on Snowflake Customers to Make Ransom Payments
June 17, 2024  |  Security & Fraud

Hackers who targeted Snowflake customers are reportedly demanding ransom payments ranging from $300,000 to $5 million from as many as 10 breached companies. Get the Full Story...

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Hawk Adds New Funding Amid Demand for AI-Powered Crime Fighting
Hawk Adds New Funding Amid Demand for AI-Powered Crime Fighting
June 11, 2024  |  Investments

Hawk is raising funds to support increasing demand for artificial intelligence (AI)-powered anti-financial crime technology. Get the Full Story Complete the form to unlock this article...

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DOJ Charges 2 With Money Laundering Around ‘Pig Butchering’ Scams
DOJ Charges 2 With Money Laundering Around ‘Pig Butchering’ Scams
May 17, 2024  |  Legal

Two Chinese nationals have been charged with leading a scheme to launder proceeds from cryptocurrency investment scams. Get the Full Story Complete the form to...

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Treasury Department to Use ‘Automation and Innovation’ to Fight Illicit Finance
Treasury Department to Use ‘Automation and Innovation’ to Fight Illicit Finance
May 16, 2024  |  AML

The Department of the Treasury has outlined the priorities it will pursue this year to step up the fight against illicit finance. Get the Full Story...

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Visa Adds Generative AI-Powered Tool to Combat Enumeration Attacks
Visa Adds Generative AI-Powered Tool to Combat Enumeration Attacks
May 07, 2024  |  VISA

Visa has launched a generative artificial intelligence (AI) solution designed to help issuers combat enumeration attacks. Get the Full Story Complete the form to unlock...

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