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Latest Results from /crime

/crime

DIFC and Mashreq invite banks to join blockchain-based KYC utility

Dubai International Finance Centre and Mashreq Bank are inviting other banks in the region to join a blockchan-based KYC data sharing coalition after running the first live transactions to support licensed businesses and corporates opening digital bank accounts instantly.

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Piercing the LIBOR veil: Concern brews over looming deadline

While financial institutions across the market remain outwardly confident about their LIBOR transition strategy, uncertainty continues to surround the feasibility of achieving the migration within proposed deadlines.

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FCA reports a drop in suspicious transactions

The number of suspicious transaction and order reports (STORs) recorded by the UK's Financial Conduct Authority (FCA) has reduced for the first time since records began in 2016

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Pope weighs in on AI ethics debate

The Pontiff is the latest public figure to offer an opinion on the ethics of using artificial intelligence (AI), issuing a set of principles on the use of new technology.

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Euro agencies to develop blockchain forensics

Two defence agencies in Austria and France are joining forces to improve cryptocurrency security and tackle the rising rate of crime in the crypto market.

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European Parliament challenges ECB on green credentials and crypto regulation

European parliamentarians have called on the zone's central bank to step up its green credentials and address growing financial technology challenges.

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Softbank to invest $100m in AI start-up Behavox

Softbank's second Vision Fund is on the verge of investing $100m in Behavox, a UK startup which uses AI to monitor employees' behaviour at financial services companies.

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US charges four members of Chinese military over Equifax hack

The US Department of Justice has charged four members of the Chinese military over the massive 2017 cyber-attack on credit reporting agency Equifax.

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30 million cards from Wawa breach turn up for sale on dark web

The payment card details of more than 30 million Americans, believed to have been stolen in a data breach at convenience store chain Wawa, have been put up for sale on the dark web.

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FS firms hit with $36bn in AML, KYC and sanctions fines since financial crisis

Financial services firms have been hit with a total of $36 billion in fines since the financial crisis for non-compliance with anti-money laundering, know your customer and sanctions regulations around the world.

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Cybercriminals could use increased reliance on AI to their advantage

Cybersecurity experts have urged caution with over-reliance on AI in cyber defence in a new Finextra Research paper exploring predictions for cybersecurity in the year ahead.

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Mastercard opens Vancouver intelligence and cyber centre

Mastercard has opened an intelligence and cyber centre in Vancouver, housing 380 new employees working on areas such as security, AI and the Internet of Things.