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

FTC Can Now Sue Scammers Impersonating Government Agencies, Businesses
FTC Can Now Sue Scammers Impersonating Government Agencies, Businesses
April 01, 2024  |  Security & Fraud

The Federal Trade Commission (FTC) said Monday (April 1) that it now has stronger tools to combat scammers who impersonate government agencies and businesses. Get the Full...

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Rising Fraud Casts Shadow Over Voice Commerce Potential
Rising Fraud Casts Shadow Over Voice Commerce Potential
March 29, 2024  |  Security & Fraud

The proliferation of voice-activated technology, from virtual shopping assistants to speech recognition in smartphones and smart homes, is reshaping how consumers interact with devices. Get the Full Story...

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SBF May Be 57 When He Finishes Serving Time
SBF May Be 57 When He Finishes Serving Time
March 28, 2024  |  Legal

When the facts are crystal clear, often the only recourse is to appeal to emotion. That’s the tack that convicted crypto criminal and former FTX CEO Sam Bankman-Fried’s...

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Report: Crypto Remains Underregulated Around Much of the World
Report: Crypto Remains Underregulated Around Much of the World
March 28, 2024  |  Cryptocurrency

As of last June, most of the world’s governments hadn’t begun regulating the cryptocurrency sector. Get the Full Story Complete the form to unlock this...

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Crypto Scamming Intensifies as Digital Asset Market Rallies
Crypto Scamming Intensifies as Digital Asset Market Rallies
March 27, 2024  |  Cryptocurrency

Most crimes, at the end of the day, are crimes of opportunity. After all, bad actors and scammers just need to get lucky once. And...

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Seven in 10 Financial Institutions Use AI and ML to Combat Fraud
Seven in 10 Financial Institutions Use AI and ML to Combat Fraud
March 26, 2024  |  Security & Fraud

Recently, PYMNTS sat down with an array of experts and innovators in the artificial intelligence (AI) field to get their thoughts on how the technology...

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UK FCA Prioritizes Digital Innovation, Fraud Prevention for 2024
UK FCA Prioritizes Digital Innovation, Fraud Prevention for 2024
March 26, 2024  |  emea

Amid a challenging economic landscape, the U.K.’s Financial Conduct Authority (FCA) has unveiled its Business Plan for the 2024-2025 fiscal year, marking the culmination of its three-year strategic roadmap.  Get the...

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US Imposes Sanctions on 13 Russia-Linked Crypto FinTechs
US Imposes Sanctions on 13 Russia-Linked Crypto FinTechs
March 26, 2024  |  Cryptocurrency

The U.S. has sanctioned 13 Russia-linked FinTechs for allegedly using cryptocurrency to evade bans. Get the Full Story Complete the form to unlock this article...

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FATF Updates List of Countries Needing ‘Increased Monitoring’
FATF Updates List of Countries Needing ‘Increased Monitoring’
February 29, 2024  |  AML

The Financial Action Task Force (FATF) has added new countries to its “increased monitoring” list. Get the Full Story Complete the form to unlock this article and...

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