#financial-crime

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#cybersecurity
more#cybersecurity
fromAlleywatch
2 days ago

Castellum.AI Raises $8.5M Series A to Tackle Financial Crime Compliance with AI Agents

Financial crime costs the global economy over $2 trillion annually, while compliance teams at banks struggle with antiquated systems generating thousands of false positive alerts daily.
Tech industry
fromESPN.com
3 days ago

Vikes pass rusher Turner scammed out of $240K

Eagan Police Sgt. Rich Evans stated, 'Through our investigation, several suspects have been identified, and we are working toward criminal charges to hold them accountable.'
US news
fromwww.theguardian.com
4 days ago

Monzo fined 21m after customers used No 10 and Buckingham Palace as addresses

Monzo's financial crime controls were so inadequate that customers registered with implausible addresses, such as Buckingham Palace and 10 Downing Street, without detection.
Digital life
#secret-service
NYC politics
fromwww.amny.com
1 month ago

Following the money: Secret Service undertakes massive New York operation tackling EBT skimmers at local stores | amNewYork

The Secret Service's Operation Flagship aims to combat EBT card scams affecting the vulnerable by targeting illegal debit card machines.
NYC politics
fromwww.amny.com
1 month ago

Following the money: Secret Service undertakes massive New York operation tackling EBT skimmers at local stores | amNewYork

The Secret Service's Operation Flagship aims to combat EBT card scams affecting the vulnerable by targeting illegal debit card machines.
more#secret-service
#securities-fraud
Fundraising
fromBrooklyn Eagle
2 months ago

Former private equity executives sentenced to prison

Gentile and Schneider sentenced to prison for defrauding investors in GPB Capital scheme. Their actions led to significant financial losses for over 10,000 investors.
fromBoston.com
2 weeks ago
Boston real estate

Former hotel worker accused of swindling coworkers out of $700K in investment scam

Fundraising
fromBrooklyn Eagle
2 months ago

Former private equity executives sentenced to prison

Gentile and Schneider sentenced to prison for defrauding investors in GPB Capital scheme. Their actions led to significant financial losses for over 10,000 investors.
fromBoston.com
2 weeks ago
Boston real estate

Former hotel worker accused of swindling coworkers out of $700K in investment scam

more#securities-fraud
#law-enforcement
more#law-enforcement
#fraud
NYC politics
fromNew York Post
3 months ago

Assistant stole $10M from elderly clients to buy trove of designer goods, feds say - and showed up in court with flashy designer purse

An elderly couple in New York lost nearly $10 million to their assistant's fraudulent activities over seven years.
UK news
fromwww.standard.co.uk
4 months ago

Knightsbridge mansion and golf course forfeited from wife of McMafia' banker selling for 19.5m

Zamira Hajiyeva forfeited properties worth £19.5 million as part of a settlement following a fraud investigation into her husband's financial crimes.
Brooklyn
fromBKReader
3 months ago

Brooklyn Financial Advisor Indicted for Allegedly Stealing $1.24M in Ponzi Scheme

A Brooklyn financial advisor was charged with stealing $1.24 million through fraudulent promissory notes offering high returns.
NYC startup
fromTheregister
3 months ago

AdTech CEO whose products detected ad fraud jailed for fraud

Paul Roberts, former CEO of Kubient, was jailed for a year for fraudulent financial practices including fake revenue reporting.
NYC politics
fromNew York Post
3 months ago

Assistant stole $10M from elderly clients to buy trove of designer goods, feds say - and showed up in court with flashy designer purse

An elderly couple in New York lost nearly $10 million to their assistant's fraudulent activities over seven years.
UK news
fromwww.standard.co.uk
4 months ago

Knightsbridge mansion and golf course forfeited from wife of McMafia' banker selling for 19.5m

Zamira Hajiyeva forfeited properties worth £19.5 million as part of a settlement following a fraud investigation into her husband's financial crimes.
Brooklyn
fromBKReader
3 months ago

Brooklyn Financial Advisor Indicted for Allegedly Stealing $1.24M in Ponzi Scheme

A Brooklyn financial advisor was charged with stealing $1.24 million through fraudulent promissory notes offering high returns.
NYC startup
fromTheregister
3 months ago

AdTech CEO whose products detected ad fraud jailed for fraud

Paul Roberts, former CEO of Kubient, was jailed for a year for fraudulent financial practices including fake revenue reporting.
more#fraud
#small-business-administration
more#small-business-administration
#embezzlement
more#embezzlement
#legal-proceedings
more#legal-proceedings
Miami food
fromSun Sentinel
1 month ago

Ex-financier lived high life in South Florida while stealing millions from mother, feds say

Brett Thomas Graham defrauded his widowed mother out of $8.4 million, leading to federal charges and a potential 20-year prison sentence.
#money-laundering
Miscellaneous
fromFortune
9 months ago

TD Bank pleads guilty to money laundering and agrees to bay $3 billion in fines

TD Bank pled guilty and agreed to pay over $1.8 billion for serious violations in money laundering and Bank Secrecy Act compliance.
Miscellaneous
fromFortune
9 months ago

TD Bank pleads guilty to money laundering and agrees to bay $3 billion in fines

TD Bank pled guilty and agreed to pay over $1.8 billion for serious violations in money laundering and Bank Secrecy Act compliance.
more#money-laundering
#risk-management
Artificial intelligence
fromHackernoon
10 months ago

AI Agents in Finance: Game-Changer or a Risky Gamble? | HackerNoon

AI-powered financial risk models have prevented over $1 billion in fraud recently.
AI's effectiveness in fraud detection relies heavily on the quality of training data.
more#risk-management
fromIndependent
2 months ago

Travel agent and husband allegedly caught smuggling 340k out of Ireland for crime organisation

Iryna Bandarieva and Ihor Shandar were caught at Dublin Airport trying to smuggle €340,000 for a criminal organization, highlighting serious issues of financial crime.
UK news
US news
fromwww.housingwire.com
2 months ago

It's time for America to think differently about money laundering and risk assessment

The US is retreating from its leadership in combating financial crime, with potentially severe international consequences.
#artificial-intelligence
more#artificial-intelligence
NYC startup
fromBusiness Insider
3 months ago

Frank founder Charlie Javice doesn't want her jury to know she once called her codefendant 'the best partner in crime'

Charlie Javice is on trial for defrauding JPMorgan Chase, with a controversial text message as key evidence.
UK news
fromwww.theguardian.com
3 months ago

As long he is breathing, I'm not safe': romance fraud victim flees UK after jailed conman is freed

Yvonne was a victim of romance fraud, losing over £115,000, and now fears for her safety after her abuser's early release from prison.
fromNew York Post
4 months ago

N.J. woman pulled off $60K bank heist last summer with spray-painted water gun

A New Jersey woman, Ciara Brascom, allegedly robbed a bank using a painted water gun, threatening tellers and fleeing with $60,500.
Miscellaneous
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