security & fraud

Denmark’s Ex-Finance Regulator Charged In Money Laundering Scandal
Denmark’s Ex-Finance Regulator Charged In Money Laundering Scandal
May 13, 2019  |  Security & Fraud

Henrik Ramlau-Hansen, the former chair of Denmark’s financial regulator and former Danske Bank finance director, has been charged by Danish economic prosecutors. According to a...

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US Crypto Investor Awarded $75M In Fraud Suit
US Crypto Investor Awarded $75M In Fraud Suit
May 12, 2019  |  Security & Fraud

Michael Terpin, an entrepreneur based in the U.S. and an investor in cryptocurrency, won $75.8 million in a court judgment over a scheme to defraud...

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Fitch: AML Shortcomings Impact Bank Credit Ratings
Fitch: AML Shortcomings Impact Bank Credit Ratings
May 10, 2019  |  Security & Fraud

As part of a broader look at environmental, social and governance factors on credit scores, Fitch Group Inc. noted that shortcomings in financial crimes and...

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Money Laundering Causes Rising Canadian Home Prices
Money Laundering Causes Rising Canadian Home Prices
May 10, 2019  |  Real Estate

Home prices increased about 5 percent in Canadian province British Columbia last year thanks to money laundering. According to a report in The Wall Street Journal citing...

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Samsung Internal Coding Projects Leaked Data
Samsung Internal Coding Projects Leaked Data
May 08, 2019  |  Security & Fraud

Dozens of internal coding projects being worked on by Samsung engineers were reportedly leaking source code, credentials and keys because of a lack of security....

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Hackers Net $41M In Binance Bitcoin Heist
Hackers Net $41M In Binance Bitcoin Heist
May 08, 2019  |  Security & Fraud

Binance, one of the biggest cryptocurrency exchanges in the world, was reportedly hacked — with the bad guys stealing bitcoin valued at $41 million. In...

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Ex-Goldman Banker Extradited To US On 1MDB Charges
Ex-Goldman Banker Extradited To US On 1MDB Charges
May 06, 2019  |  Security & Fraud

A former Goldman Sachs banker in Malaysia has been extradited to the U.S. to face charges stemming from the scandal at the 1MDB state fund....

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Wells Ups Estimates Of Legal Losses To $3.1B
Wells Ups Estimates Of Legal Losses To $3.1B
May 05, 2019  |  Bank Regulation

Wells Fargo, the embattled national bank, is reportedly upping the money it may lose from legal actions, reported The Wall Street Journal. The report, citing...

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FTC Split On Size, Scope Of Facebook Fine
FTC Split On Size, Scope Of Facebook Fine
May 05, 2019  |  Facebook

With Facebook and the Federal Trade Commission in the final stages of settlement talks, disagreements between the five-member FTC panel are complicating the discussions. The...

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