Latest Financial Crime News: Finextra Research

Terraform and CEO Do Kwon charged with fraud by SEC

The Securities and Exchange Commission (SEC) has charged cryptocurrency firm Terraform Labs and its CEO, Do Kwon, with orchestrating a multi-billion dollar crypto fraud scheme.

17 February 2023

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Identity decisioning fintech Alloy launches in UK

US fintech Alloy launches in the UK as part of their EMEA growth and global expansion, opening an office in London office and announcing key hires.

09 February 2023

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Swiss prosecutors investigate 2022 Credit Suisse data leak

Swiss prosecutors have launched criminal proceedings aimed at those responsible for the 2022 leak at Credit Suisse which exposed the details of accounts held by wealthy clients allegedly involved in a host of illegal activity.

03 February 2023

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LexisNexis Risk Solutions and Finextra Research partner for Trust:Live 2023

LexisNexis® Risk Solutions and Finextra Research will be hosting Trust:Live 2023, an exclusive in-person event for all fraud and identity decision makers that brings together industry leaders, experts and innovators to discuss the latest challenges in establishing trust to protect customers, defend brands, or meet the needs of evolving business models

31 January 2023

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Hawk AI scoops $17 million in Series B financing

German RegTech Hawk AI has raised $17 million in Series B financing to fund further product development and global expansion.

26 January 2023

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Regtech Salv raises €4m

Salv, a regtech startup startup founded by a gaggle of former Wise and Skype staffers, has raised €4 million in a seed round extension led by ffVC and joined by G+D Ventures.

26 January 2023

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Sandbar raises $4.8m for transaction monitoring software

New York City-based fintech startup Sandbar has launched its anti-money laundering, fraud and counter-terrorism risk detection software off the back of a $4.8 million seed round.

25 January 2023

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Sanctions screening fintech GSS raises $45 million

Sanctions screening startup GSS has raised $45 million in its initial funding round.

23 January 2023

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Thousands of PayPal users victim of data breach

The accounts of 34,942 PayPal users were hacked between the 2nd and 6th of December 2022 by unauthorised parties through a credential stuffing attack. Hackers potentially gained access to customers’ personal data, including their name, address, date of birth, tax ID number, and social security number.

20 January 2023

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Coinbase insider trader gets 10-month prison sentence

The brother of a former Coinbase product manager has been handed a ten month prison sentence in what's been called the first ever insider trading case involving cryptocurrency markets.

11 January 2023

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JPMorgan must face Ray-Ban lawsuit over cyber theft

A New York judge has ruled that JPMorgan Chase must face a lawsuit from the French manufacturer of Ray-Ban glasses, which argues that the bank failed to stop suspicious transactions after cybercriminals looted $272 million from its account.

06 January 2023

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Finextra's year in review

With 2022 drawing to a close, we take a look back at our most popular news items, videos and community engagement activities over the course of the past year.

23 December 2022

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