FinCEN

FinCEN Files Show Banks’ Use Of AI And Machine Learning Effective In KYC/AML
FinCEN Files Show Banks’ Use Of AI And Machine Learning Effective In KYC/AML
September 21, 2020  |  Security & Fraud

Gross negligence – or evidence of a battle waged by banks that requires new, high-tech weaponry? To that end, and as reported by BuzzFeed, documents...

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Report: FinCEN Files Reveal Billions In Suspicious Money Flows
Report: FinCEN Files Reveal Billions In Suspicious Money Flows
September 21, 2020  |  Security & Fraud

A shocking new report reveals an underworld of corruption in the world’s banks and how governments allow it to thrive, BuzzFeed News reported. The Financial...

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FinCEN Warns Of COVID Scams Targeting FIs, Consumers
FinCEN Warns Of COVID Scams Targeting FIs, Consumers
August 02, 2020  |  Security & Fraud

The Financial Crimes Enforcement Network (FinCEN) issued a press release warning financial institutions (FIs) and consumers about pandemic-related scams, including some connected to cryptocurrency. FinCEN...

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Twitter Hackers Took Personal Data From Celebrity Accounts
Twitter Hackers Took Personal Data From Celebrity Accounts
July 19, 2020  |  Security & Fraud

Twitter has provided a glimpse into its investigation of last week’s security breach, the worst in its 14-year history, as hackers commandeered more than 100...

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US Treasury Warns Banks Of Twitter Crypto Scam
US Treasury Warns Banks Of Twitter Crypto Scam
July 16, 2020  |  Security & Fraud

The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) is warning financial institutions of a “high-profile” new scam exploiting Twitter accounts to try and scam convertible virtual...

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FIs Advised To Be On The Lookout For Imposter Scams, Money Mule Schemes
FIs Advised To Be On The Lookout For Imposter Scams, Money Mule Schemes
July 07, 2020  |  Security & Fraud

The U.S. Treasury Department’s financial crime unit has alerted financial institutions (FIs) about imposter scams arising during the COVID-19 pandemic.   On Tuesday (July 7), the Financial...

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US Treasury Tells Banks To Treat Hemp Businesses Like Any Other
US Treasury Tells Banks To Treat Hemp Businesses Like Any Other
July 05, 2020  |  Retail

The nation’s marijuana regulator has told financial institutions to treat the $500 million hemp businesses the same way they would any other businesses. In updated...

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FinCEN Reminds FIs To Watch For Fraud During COVID-19 Crisis
FinCEN Reminds FIs To Watch For Fraud During COVID-19 Crisis
April 03, 2020  |  Coronavirus

Three weeks after the Financial Crimes Enforcement Network (FinCEN) issued guidance to financial institutions (FIs) on COVID-19, the division of the U.S. Department of the...

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Bitcoin Daily: Banque de France Seeks CBDC Experiment Applications; Bitget Looks To Grow In The US
Bitcoin Daily: Banque de France Seeks CBDC Experiment Applications; Bitget Looks To Grow In The...
March 30, 2020  |  Bitcoin

The Banque de France is seeking applications “to experiment with a central bank digital currency for interbank settlements,” according to an announcement from the French...

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