clear
clear

Latest Results from /crime

/crime

NatWest pleads guilty to money laundering charges

NatWest has pleaded to guilty to three offences under money laundering regulations that led to almost £400 million in payments from a single customer being washed through the bank.

/crime

Singapore preps data sharing platform to tackle money laundering

The Monetary Authority of Singapore (MAS) is building a digital platform that lets banks share information on customers and transactions in order to tackle money laundering, terrorism financing and proliferation financing.

/crime

N26 fined €4.25 million over AML failings

German digital bank N26 has been fined €4.25 million by BaFin over lax money laundering controls.

/crime

Crooks hijack bank OTPs to make fraudulent card payments

Hackers managed to hijack one-time passwords (OTPs) sent via SMS by Singapore banks to customers and use them to carry out fraudulent credit card transactions worth a total of S$500,000.

/crime

IBM’s Bharat Bhushan on strengthening customer trust in digital banking

A recent YouGov and IBM survey has found that 82% of UK citizens cited data security and privacy as their top priorities when using digital banking following the Covid-19 pandemic. Furthermore, 43% of respondents said they wanted their banks to launch more cyber-security and privacy features.

/crime

Hacker behind $610m crypto heist in line for reward for returning assets

After returning nearly all the $610 million in cryptocurrency that they stole earlier this week, a hacker has been offered a $500,000 "bug bounty" by the Poly Network.

/crime

Polynetwork says crooks have returned some of $610m hack haul after Twitter plea

Polynetwork, a platform that helps link blockchains together, says that its Twitter plea to hackers to return the $610 million in recently stolen cryptocurrency has begun to pay off, with several million already handed back.

/crime

UK cops make record crypto haul in money laundering investigation

UK police have made the UK’s largest cryptocurrency seizure worth nearly £180 million, topping a £114 million confiscation made just two weeks ago.

/crime

Quantexa eyes acquisition opportunities on $153 million fund raise

Financial crime fighting platform Quantexa has has raised $153M in Series D funding from Warburg Pincus and a group of blue-chip investors.

/crime

Misleading crypto ads to be targeted by UK watchdog

The UK's Advertising Standards Authority (ASA) is set to issue a crackdown on misleading cryptocurrency advertisements.

/crime

HSBC joins UAE KYC Blockchain platform

HSBC has signed on as the fourth founding member bank of a blockchain-based KYC data sharing coalition in the UAE.

/crime

EBAday 2021: Modernisation, a catalyst for payments utopia

With day two now under our belt, we are only just beginning to digest the eyewatering number of insights shared across six panel sessions, two roundtables, a lively chatroom forum and of course, non-stop networking on the EBAday platform.