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.

Congress Eyes New AML Rules For Antiquities Trade
Congress Eyes New AML Rules For Antiquities Trade
January 03, 2021  |  AML

New legislation passed by Congress will implement new regulations on the antiquities trade in order to hopefully crack down on the possibility of money laundering...

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Businesses Get Wary Of Trade-Based Money Laundering
Businesses Get Wary Of Trade-Based Money Laundering
January 03, 2021  |  B2B Payments

The Financial Action Task Force (FATF) is warning of new ways of money laundering via exports like onions, potatoes, soft fruits or expensive cars, a...

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T-Mobile: Hackers Accessed Customer Call Data
T-Mobile: Hackers Accessed Customer Call Data
January 03, 2021  |  Security & Fraud

T-Mobile has told some customers of a “security incident” in which a malicious party “may have impacted some of your T-Mobile account information.” Get the...

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Bitcoin Daily: Unicas Opens Physical Crypto Bank Branch In India; Mayor Eyes Investing 1 Pct Of Miami’s Reserves In Bitcoin
Bitcoin Daily: Unicas Opens Physical Crypto Bank Branch In India; Mayor Eyes Investing 1 Pct...
January 01, 2021  |  Cryptocurrency

Indian FinTech Cashaa and the country’s United Multistate Credit Cooperative Society teamed up to launch what they say is the world’s first cryptocurrency bank branch...

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Tracking The Trends That Shaped 2020’s The Digital-First Economy
Tracking The Trends That Shaped 2020’s The Digital-First Economy
January 01, 2021  |  Data

This year, the PYMNTS data and analytics team published 252 reports that tracked the data, innovations and disruptive thinking that are reshaping the payments and...

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Deep Dive: Why ML Plays A Key Role In Debit Issuers’ Fraud-Fighting Strategies
Deep Dive: Why ML Plays A Key Role In Debit Issuers’ Fraud-Fighting Strategies
December 31, 2020  |  Next-Gen Debit

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New SMB Stimulus Package Could Again Be Vulnerable To Fraud
New SMB Stimulus Package Could Again Be Vulnerable To Fraud
December 30, 2020  |  Security & Fraud

Although the $900 billion COVID-19 relief package passed by the White House this week includes $284 billion for small and mid-size businesses (SMBs), there are...

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Turkish Authorities Search For Suspect In US Tax Fraud Scheme
Turkish Authorities Search For Suspect In US Tax Fraud Scheme
December 29, 2020  |  Security & Fraud

Turkish prosecutors have issued a detention warrant for Turkish businessman Sezgin Baran Korkmaz, who has ties to Utah business executives who recently pleaded guilty to...

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Machine Learning Supercharges Banks’ Efforts To Fight Debit Fraud
Machine Learning Supercharges Banks’ Efforts To Fight Debit Fraud
December 29, 2020  |  Next-Gen Debit

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