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.

Patisserie Valerie Saga Finds Fake Invoices
Patisserie Valerie Saga Finds Fake Invoices
February 01, 2019  |  B2B Payments

Ongoing investigations into the £40 million (nearly $52.4 million USD) fraud that felled Patisserie Valerie have found that fake invoices were involved. Elsewhere in the...

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BoE Regs Find Accounting Mistakes At Metro Bank
BoE Regs Find Accounting Mistakes At Metro Bank
February 01, 2019  |  Banking

Metro Bank is dealing with the fallout from the revelation that it misclassified a large number of commercial loans, with many predicting the resignation of some...

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Keeping Investment Platforms Free From Fraudsters
Keeping Investment Platforms Free From Fraudsters
January 31, 2019  |  AML

How can firms with global ambitions balance a smooth authentication process with rigorous AML efforts? In the inaugural edition of the AML/KYC Tracker, Anthony Couture,...

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Fighting Fraud In A Faster Payments Landscape
Fighting Fraud In A Faster Payments Landscape
January 31, 2019  |  B2B Payments

NACHA recently released new figures on ACH network volume, revealing earlier this week that Same-Day ACH volume grew 46 percent between Q4 2017 and Q4...

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Why Banks’ Immune Systems Need Both AI And Human Boosts
Why Banks’ Immune Systems Need Both AI And Human Boosts
January 31, 2019  |  Digital Banking

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Wirecard’s CEO Wealth Declines Amid Fraud Allegations
Wirecard’s CEO Wealth Declines Amid Fraud Allegations
January 30, 2019  |  Security & Fraud

Wirecard Chief Executive Officer Markus Braun saw his fortune take a hit as shares of his company declined due to a report that alleges fraud...

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How To Keep Investment Platforms AML-Compliant
How To Keep Investment Platforms AML-Compliant
January 30, 2019  |  AML

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Banks Fight Back Against ‘Fake Grandchild’ Scammers Who Target Seniors
Banks Fight Back Against ‘Fake Grandchild’ Scammers Who Target Seniors
January 25, 2019  |  Fraud Prevention

Get ready for even more fake grandchildren when it comes to payments fraud. That’s one of the sad facts of life as more consumers hit...

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Post-GDPR, Deliveroo Probed Over Data Security
Post-GDPR, Deliveroo Probed Over Data Security
January 25, 2019  |  Regulation

The General Data Protection Regulation (GDPR), which went into effect May of 2018, has had some serious repercussions on tech companies all over Europe, but...

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