fraud

Fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law, a criminal law, or it may cause no loss of money, property or legal right but still be an element of another civil or criminal wrong.

Citing ‘Cryptoization’ as a Sanctions Threat, IMF Calls for Capital Controls
Citing ‘Cryptoization’ as a Sanctions Threat, IMF Calls for Capital Controls
April 21, 2022  |  Regulation

Citing sanction-busting fears that have grown since Russia’s invasion of Ukraine, the International Monetary Fund (IMF) has called for a global crackdown on cryptocurrencies that...

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Today in Data: Everyone Plays a Role in Combating Online Fraud
Today in Data: Everyone Plays a Role in Combating Online Fraud
April 21, 2022  |  Today In Data

Today in data, online fraud continues to be a growing problem, with 81% of global organizations seeing increasing cyberthreats and 79% experiencing downtime because of...

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OCC’s Rule on SARs May Boost Innovation on AML Reporting
OCC’s Rule on SARs May Boost Innovation on AML Reporting
April 21, 2022  |  AML

On May 1, a new rule issued by the Office of the Comptroller of the Currency (OCC) that modifies the requirements for national banks and...

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PYMNTS AM Radar: Amazon Vs Shopify; WhatsApp Office; Digital LatAm; Crime-as-a-Service; Main Street Recovery
PYMNTS AM Radar: Amazon Vs Shopify; WhatsApp Office; Digital LatAm; Crime-as-a-Service; Main Street Recovery
April 21, 2022  |  Commerce

It’s Thursday (April 21), and Shopify is nipping at Amazon’s heels, making the eCommerce behemoth rethink its relationship with merchants. Meanwhile, WhatsApp wants to move...

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Tackling Money Launderers Means Shutting Down Financial Crime-as-a-Service
Tackling Money Launderers Means Shutting Down Financial Crime-as-a-Service
April 21, 2022  |  Security & Fraud

First comes fraud, then comes money laundering. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

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Feds Charge 20 in Alleged $150M COVID Fraud Schemes
Feds Charge 20 in Alleged $150M COVID Fraud Schemes
April 20, 2022  |  Legal

Federal prosecutors have filed charges against a number of people over the past few weeks for allegedly carrying out a variety of scams connected to...

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PYMNTS AM Radar: Grubhub for Sale; Trend Spotting; Old Banks, New Tricks; SMB Support
PYMNTS AM Radar: Grubhub for Sale; Trend Spotting; Old Banks, New Tricks; SMB Support
April 20, 2022  |  Partnerships / Acquisitions

Today is Wednesday, April 20 and Just Eat Takeaway is conceding to investors and looking for a buyer for its U.S. arm Grubhub. Plus, smaller...

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Inside Visa’s Fraud-Fighting Cyber Machine
Inside Visa’s Fraud-Fighting Cyber Machine
April 20, 2022  |  Cybersecurity

We’re a long way from the days of the “Nigerian prince” email scams. Get the Full Story Complete the form to unlock this article and...

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EU Banking Authority Payment Fraud Consult May Impact PSD2
EU Banking Authority Payment Fraud Consult May Impact PSD2
April 18, 2022  |  Bank Regulation

The European Banking Authority (EBA) on Tuesday, April 19 will close a public consultation launched in January to better understand certain trends of payment fraud...

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