Latest news

Search
clear
clear
Reset all filters

Latest Results from /crime

Blueacorn co-founder pleads guilty to PPP fraud scheme

/crime

Blueacorn co-founder pleads guilty to PPP fraud scheme

Since the CARES Act was enacted in March 2020, 200 defendants in more than 130 criminal cases have been prosecuted and over $78 million in cash proceeds derived from fraudulently obtained PPP funds have been seized, in addition to several real estate properties and luxury items purchased with the proceeds.

Nato nations to launch Defence, Security and Resilience Bank

/crime

Nato nations to launch Defence, Security and Resilience Bank

Following a recent commitment by Nato countries to invest 5% of their GDP to defence, global banks are backing a new bank that is being set up to support Nato countries and their allies finance their defence needs.

QuamCore secures $26m to build million-qubit quantum computer

/crime

QuamCore secures $26m to build million-qubit quantum computer

An Israeli startup has secured $26m in series A funding to build what it claims is the world's first one million qubit quantum computer contained within a single cryostat.

EBA warns of money laundering risk in fintech sector

/crime

EBA warns of money laundering risk in fintech sector

The ongoing digitalisation of financial services has increased the risk of money laundering (ML) and terrorist financing (TF), according to the European Banking Authority (EBA).

PayPal to bring 100 AI and data science jobs to Dublin

/crime

PayPal to bring 100 AI and data science jobs to Dublin

PayPal is creating 100 jobs through the creation of an AI and fraud data science centre in Dublin.

Wise hit with $4.2 million fine by multiple US states for AML deficiencies

/crime

Wise hit with $4.2 million fine by multiple US states for AML deficiencies

Money transfer giant Wise has been hit with a $4.2 million fine from multiple US state regulators over deficiencies in its anti-money laundering controls.

Monzo slapped with £21 million fine for AML failings

/crime

Monzo slapped with £21 million fine for AML failings

The UK's Financial Conduct Authority has fined neobank Monzo £21,091,300 over its "inadequate" anti-financial crime systems and controls that were in place between October 2018 and August 2020

NAB charged $751,000 in penalties for breaching consumer data protection rules

/crime

NAB charged $751,000 in penalties for breaching consumer data protection rules

National Australia Bank (NAB) has paid A$751,000 in penalties after being issued four infringement notices from the Australian Competition and Consumer Commission (ACCC) for not complying with the Consumer Data Right (CDR) Rules.

Regulators pull the plug on rogue 'finfluencers'

/crime

Regulators pull the plug on rogue 'finfluencers'

As described by the UK's FCA, finfluencers are "social media personalities who use their platform to promote financial products and share insights and advice with their followers."

Binance civil enforcement action dismissed by SEC

/crime

Binance civil enforcement action dismissed by SEC

In June 2023, The Securities and Exchange Commission filed charges alleging that the crypto asset trading platform committed a variety of securities law violations.

EBAday 2025: What is the implementation feasibility of VoP and instant payments?

/crime

EBAday 2025: What is the implementation feasibility of VoP and instant payments?

At EBAday 2025, two expert panels explored the challenges of Verification of Payee and fraud prevention, as well as how growing volumes of instant and real-time payment systems impact PSPs and their customers.

EBAday 2025: Strategising for instant payments and financial crime

/crime

EBAday 2025: Strategising for instant payments and financial crime

The afternoon sessions in the main stream focused on strategising for instant payments and financial crime.

Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.

Please read our Privacy Policy.

Accept