Latest Financial Crime News: Finextra Research

UK Home Secretary Suella Braverman launches economic crime plan

Home Secretary Suella Braverman announced the second part of the UK Government’s economic crime plan at the Economic Crime Congress this week.

31 March 2023

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Crypto fugitive Do Kwon faces US charges after arrest in Montenegro

Founder of failed cryptocurrencies, terraUSD and Luna, Do Kwon, has been charged with fraud by US authorities after his arrest in Montenegro.

24 March 2023

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Block shares tank on attack from short seller Hindenburg

Shares in Block plunged by as much as 20% on Thursday after short seller Hindenburg Research set its sights on Jack Dorsey's payments firm, accusing it of facilitating fraud and "wildly" overstating Cash App users.

23 March 2023

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Trust:Live 2023: Evolving digital identity, intelligence and innovation

This week, LexisNexis® Risk Solutions and Finextra Research held Trust:Live 2023, the exclusive in-person event for all fraud and identity decision makers focusing on the latest challenges in establishing trust to protect customers, defend brands, or meet the needs of evolving business models.

15 March 2023

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NatWest sets daily crypto purchase limits

NatWest is the latest UK bank to impose restrictions on customers buying cryptocurrency, citing the risk of scams.

14 March 2023

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Citi invests in financial crime risk management vendor Quantifind

Quantifind, a provider of AI-powered financial crimes risk management technology, has raised $23 million in a funding round joined by Citi Ventures.

01 March 2023

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Crypto trade group criticises SEC insider trading case

A US-based trade association representing crypto firms has called for the dismissal of an insider trading case brought by the Securities and Exchanges Commission (SEC) arguing that the regulator has unfairly labelled crypto assets as securities.

23 February 2023

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Mizuho International picks SymphonyAI to tackle money laundering

Mizuho International, the London-based securities and investment banking arm of Japanese giant Mizuho Financial Group, is rolling out technology from SymphonyAI to help it detect financial crime.

21 February 2023

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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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