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How has the regulatory landscape for the finance industry changed in 2020 – early 2021?
Almost all countries increased regulation of the crypto finance industry in 2020. The COVID-19 pandemic provoked a significant boost of digital crimes, including money laundering, terrorist financing, online black marketing... more
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Account take over explosion – incidents increased 20 percent compared to 2019
It is becoming painfully clear that the pandemic is a boon of epic proportions for fraudsters. Between COVID-19 scams targeting consumers, the wholesale theft of government benefits, and playing on... more
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UK fraud levels now at “epidemic” level and should be a “national security” threat
Fraud in the UK has reached epidemic levels and should be seen as a national security issue, according to think tank the Royal United Services Institute (RUSI). Driven in part... more
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Infographic: Digital fraud trends for 2021
The events of 2020 created no shortage of challenges for fraud teams. With quarantines and lockdowns looming for much of the year, millions of consumers turned to digital channels to... more
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Capital One fined $390 million for anti-money laundering failures
Capital One has picked up a $390 million penalty from the Financial Crimes Enforcement Network (FinCEN) for engaging in both “wilful and negligent violations of the Bank Secrecy Act (BSA)... more
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