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Latest Results from /crime

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CFTC cautions against AI: 'be wary of the hype'

The Commodity Futures Trading Commission (CFTC) has issued a customer advisory warning to the public to keep an eye out for artificial intelligence (AI) scams.

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Artwork money laundering runs rife warns NCA in amber alert

The UK’s National Crime Agency (NCA) has issued an amber alert to prevent further money laundering in the art storage sector.

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Could CBDCs help prevent fraud?

Mandatory reimbursement for victims of authorised push payment (APP) scams came into full effect under the Payments System Regulator (PSR) at the end of last year.

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BIS and Bank of England seek advisors for financial crime project

The London innovation hub of the Bank for International Settlements is inviting applications for an expert advisory group on a Bank of England-led project on financial crime fighting.

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Hawk AI hires HSBC vet Shearer

German RegTech Hawk AI has brought in HSBC compliance veteran Michael Shearer as chief solution officer.

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Do Kwon requests delay to SEC trial while being held in Montenegro

Representing counsel of the former CEO of Terraform Lab, Do Kwon, has requested a delay for his upcoming Securities and Exchange Commission (SEC) trial in US court as he is yet to be extradited from Montenegro.

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SEC charges Morgan Stanley and former exec with fraud in block trading business

Morgan Stanley have agreed to pay $249 million to settle fraud charges and for failing to enforce information barriers in connection with the bank's block trading practices.

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G20 faster payments roadmap could boost financial crime - report

The G20's plan to make cross-border payments faster, cheaper, more transparent and inclusive could increase fraud and money laundering, warns a new report.

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Finextra's year in review

With 2023 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.

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DoJ cracks down on fraudsters using microtransactions

The US Department of Justice is cracking down on fraud networks that steal money from consumer bank accounts and then use 'microtransactions' to hide their activity.

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Symphony and Google launch AI-based JV for phone calls

Regtech provider Symphony is drawing on the generative AI capabilities of Google to develop a service to ensure banks' voice calls are compliant.

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Do Kwan to be extradited from Montenegro

Terraform Lab’s former CEO Do Kwan is to be extradited to either South Korea or the USA following approval from a Court in Podgorica, Montenegro.