Financial crimes are increasing amid the COVID-19 pandemic, with fraudsters impersonating tax officials to steal personal data. Multi-faceted approaches are necessary, as simply using automated...
Financial crime is a never-ending concern for banks, credit unions (CUs) and other financial institutions (FIs), with trillions of dollars and untold terabytes of personal...
The CEO of lending platform Fincera, Li Yonghui, was arrested on Friday (Dec. 13) in China on suspicion of financial crimes, according to a report...
Legislation is bowing in Congress from a pair of U.S. senators that would broaden the ability of the Securities and Exchange Commission (SEC) to recover...
European Union lawmakers released a report on Wednesday (Feb. 27) recommending that the EU create a police unit dedicated to the investigation of tax and...
The leader of the global anti-money laundering (AML) task force said he was “optimistic” that it is closer to establishing worldwide standards that apply to...
Mizuho Bank and IBM Japan announced Thursday (Aug. 24) Mizuho Bank had begun operations toward more advanced and efficient risk management. The financial institution is employing...