Latest Financial Crime News: Finextra Research

Bank fraudster jailed

An online fraudster who conned hundreds of thousands of pounds out of UK banking customers has been jailed for more than three years.

14 April 2023

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US says crooks using DeFi to launder illicit proceeds

North Korea, cybercriminals, ransomware attackers, thieves, and scammers are using DeFi services to transfer and launder their illicit proceeds, according to the US government.

11 April 2023

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EBAday 2023: Agenda now live!

EBAday, the annual event for payments and transaction banking executives, will return on 20th – 21st June 2023 at IFEMA in Madrid, Spain.

06 April 2023

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Cybercrime marketplace shut down

One of the world's biggest online marketplaces selling stolen credentials has been shut down following an operation involving a host of law enforcement agencies.

06 April 2023

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Quantexa hits $1.8bn valuation

Financial crime fighting platform Quantexa has raised $129 million at a $1.8 billion valuation in a Series E funding round joined by HSBC, BNY Mellon and ABN Amro.

04 April 2023

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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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