www.standard.co.uk1 month agoLondonCunning' thief who stole 870,000 from Kensington's five-star Royal Garden Hotel jailedZaheer Abbas stole 870,000 through manipulation Abbas used impersonation to conduct fraud [ more ]
Miami Herald1 month agoMiamiThe feds want to hear from Miami victims of a potential $25 million Ponzi schemeFederal prosecutors seek more investors who might have been involved with Jawahar's Ponzi scheme. Jawahar faces wire fraud and investor fraud charges, accused of extravagant spending with investors' funds. [ more ]
DATAVERSITY3 months agoArtificial intelligenceAI-Driven Predictive Analytics: Turning the Table on Fraudsters - DATAVERSITYFraud techniques are becoming increasingly sophisticated, making it easier to perpetuate fraud at scale. AI-driven analytics solutions are being used to fight fraud and financial crime, helping to identify and stop sophisticated fraud patterns. [ more ]
TechCrunch4 weeks agoPrivacy professionalsHackers are threatening to publish a huge stolen sanctions and financial crimes watchlist | TechCrunchThe stolen World-Check database contains 5.3 million records [ more ]
www.theguardian.com1 month agoPrivacy professionalsMillions more in cash needed to fund UK's open-banking watchdogBanks are under pressure to provide interim funding for open banking supervision. Regulators seek funding to prevent financial crime and protect consumers. [ more ]
BKReader1 month agoBrooklynBrooklyn Lawyer Charged For Theft of Nearly $4 Million From ClientsLawyer indicted for stealing $3.8 million from clients to fund lavish lifestyle. [ more ]
Dodgers Nation1 month agoLA DodgersIppei Mizuhara to Plead Guilty to Federal Crimes for Stealing From Dodgers' Shohei Ohtani: ReportProsecutors suspect more money stolen from Ohtani than initially reported. Evidence suggests Mizuhara manipulated Ohtani's bank account settings to hide transactions. [ more ]
Los Angeles Times1 month agoLos AngelesFormer official pleads guilty to embezzling nearly $16 million from O.C. school districtFormer public school official embezzled almost $16 million from Magnolia School District. Contreras used stolen funds for a lavish lifestyle and faces up to 10 years in prison. [ more ]
eLearning Industry2 months agoArtificial intelligenceHow AI And ML Aid The Global Banking IndustryFinancial crime, especially trade-based money laundering (TBML), is a significant threat to the global banking industry. AI and ML technologies are increasingly being utilized by banks to combat the sophisticated tactics used by criminals in TBML schemes. [ more ]
ReadWrite2 months agoCryptocurrencyAccounting giant Deloitte seeking specialists for crypto investigationsDeloitte seeks specialist staff for cryptocurrency-related financial crime. Requirements include secret and Top Secret clearance, knowledge of crypto, dark web research. [ more ]
www.nytimes.com2 months agoEurope newsGuy Wildenstein, Art Family Patriarch, Found Guilty in Tax TrialGuy Wildenstein convicted of tax fraud in France Wildenstein family accused of hiding art collection to avoid taxes [ more ]
Databreaches2 months agoPrivacy technologiesUkrainian man pleads guilty in cyberattack that temporarily disrupted major Vermont hospitalUkrainian man pleads guilty to cyberattacks at University of Vermont Medical Center Penchukov admitted involvement in malware schemes leading to millions in losses [ more ]
Coindesk3 months agoEU data protectionEU Banking Watchdog Extends Anti-Money Laundering Measures to Cover Crypto FirmsThe European Banking Authority (EBA) has issued guidance for crypto firms to comply with anti-money laundering and terrorist-financing requirements. The EBA aims to harmonize the approach of crypto asset service providers (CASP) across the EU in combatting financial crime. The guidelines will apply from December 30, around the time when the legislation on transfer of funds via digital assets takes full effect. [ more ]