Billions of dollars have been laundered through big-name global banks by the Russian A7 payments fintech, according to research into leaked material …
Category:
Fraud Tracker
- Fraud Tracker
Loan fraud involving former CEO and his friends allegedly led to collapse of Oklahoma’s First National Bank of Lindsay
by AiNewsBlogby AiNewsBlogA former borrower of the First National Bank of Lindsay conspired with the bank’s former chief executive concerning loans, which contributed to …
- Fraud Tracker
How modern investigations actually solve data leaks: Attribution, whistleblowing, and the limits of AI
by AiNewsBlogby AiNewsBlogWhen confidential information appears in the media, reaches a competitor, or surfaces anonymously online, many organizations assume the source will never be …
- Fraud Tracker
Nursing home group, its owner, and an exec agree to pay $1M to settle false claims allegations
by AiNewsBlogby AiNewsBlogA New England nursing home group, its owner, and an executive agreed to pay $1 million to settle allegations first brought by …
- Fraud Tracker
Dutch Police Arrest ‘Reformed’ Hacker in Shiny Hunters Investigation – Krebs on Security
by AiNewsBlogby AiNewsBlogAuthorities in the Netherlands have arrested a 24-year-old convicted cybercriminal on suspicion of aiding in data thefts and extortions by the prolific …
- Fraud Tracker
SEC’s Woodcock: Enforcement division aims to aggressively enforce fraud
by AiNewsBlogby AiNewsBlogThe US Securities and Exchange Commission’s (SEC) overarching priority is to “get back to basics,” David Woodcock, the SEC’s director of the …
- Fraud Tracker
DOJ revisions to Justice Manual address False Claims Act enforcement
by AiNewsBlogby AiNewsBlogThe U.S. Department of Justice (DOJ) recently revised the Justice Manual to reinstate previous agency policy on how it will enforce False …
- Fraud Tracker
Strange Polymarket trades, a KPMG employee, and a prediction market insider trading case
by AiNewsBlogby AiNewsBlogAt a time when U.S. enforcement authorities and regulators are more closely scrutinizing insider trading in the prediction-markets space by public-company employees, …
- Fraud Tracker
Former NY home care owner faces more than 6 years for Medicaid fraud
by AiNewsBlogby AiNewsBlogThe former owner of a New York home health care company and two adult day care centers will pay $61 million and …
- Fraud Tracker
Data Broker Radaris Loses Domains in Privacy Fight – Krebs on Security
by AiNewsBlogby AiNewsBlogThe consumer data broker Radaris.com has long had a reputation for ignoring requests to remove personal information from its vast empire of …
- Fraud Tracker
Why compliance, not technology, will decide the future of digital sovereign finance
by AiNewsBlogby AiNewsBlogSomewhere in the Marshall Islands, a citizen receives a universal basic income payment directly to a mobile wallet. There is no bank …
- Fraud Tracker
Financial institutions’ BSA filings linked to $17.5B in possible health fraud, FinCEN finds
by AiNewsBlogby AiNewsBlogFinancial institutions’ reports to the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) revealed about $17.5 billion in suspicious financial activity related …
- Fraud Tracker
Compliance implications of the National Fraud Enforcement Division
by AiNewsBlogby AiNewsBlogEight months after the Trump Administration announced the establishment of a whole-of-government National Fraud Enforcement Division, many in the legal and compliance …
- Fraud Tracker
Gaps remain in firms’ KYC checks, says U.K. financial services regulator
by AiNewsBlogby AiNewsBlogU.K. financial services firms still have potentially serious gaps in their financial crime controls, despite their assurances that they have beefed up …
- Fraud Tracker
Florida health group pays $541M to settle false claims allegations
by AiNewsBlogby AiNewsBlogA large health provider group in Florida has agreed to pay $541 million to resolve allegations it inflated patient diagnosis codes in …
- Fraud Tracker
SEC accuses former Wall St. bankers, including BOA employee, of insider trading scheme
by AiNewsBlogby AiNewsBlogThe U.S. Securities and Exchange Commission (SEC) has charged two former investment bankers with insider trading tied to the 2022 acquisition of …
- Fraud Tracker
From mainframes to Agentic AI, what legacy system discipline can teach us about building trustworthy customer data platforms
by AiNewsBlogby AiNewsBlogFor the past decade, I’ve led customer data and regulatory platforms at one of the world’s largest card issuers, following years modernizing …
- Fraud Tracker
How ordinary Russian investors got caught in the sanctions net
by AiNewsBlogby AiNewsBlogWhen sanctions against Russia began multiplying in 2022, the public images were hard to miss: Yachts seized in European ports, villas frozen, …
- Fraud Tracker
Record-setting AML penalty against UBS was years in the making
by AiNewsBlogby AiNewsBlogFinCEN and several other regulators levied a combined $125 million penalty against UBS Financial Services (UBSFS), a broker-dealer and futures commission merchant, …
- Fraud Tracker
Ex-Bridgestone Americas employee to forfeit $21M earned from stolen funds
by AiNewsBlogby AiNewsBlogA former employee of Bridgestone Americas has pleaded guilty to two counts of wire fraud for carrying out a scheme that resulted …
- Fraud Tracker
OSF Healthcare pays $552,250 for HIPAA violations from ransomware breach
by AiNewsBlogby AiNewsBlogIllinois-based OSF Healthcare System and its affiliated covered entities have agreed to pay $552,250 as part of an agreement with the U.S. …
- Fraud Tracker
Singapore’s AML framework has a gap against financial crime, FATF finds
by AiNewsBlogby AiNewsBlogThe Financial Action Task Force (FATF) and Asia/Pacific Group on Money Laundering (APG) have released their report for Singapore, assessing how well …
- Fraud Tracker
SFO and U.S. authorities investigate collapsed telecoms firm IMC
by AiNewsBlogby AiNewsBlogThe U.K.’s Serious Fraud Office (SFO) has announced that it has launched an investigation into suspected fraud, false accounting and money laundering at …
- Fraud Tracker
Malta AML expert discusses how country is staying ahead of EU AML rules
by AiNewsBlogby AiNewsBlogElena Tabone joined Malta’s Financial Intelligence Analysis Unit (FIAU) in 2015 as a compliance officer with a background in insurance. Since joining …
- Fraud Tracker
Canadian Man Pleads Guilty in Snowflake Extortions – Krebs on Security
by AiNewsBlogby AiNewsBlogA 26-year-old Canadian man once described as one of the most consequential cybercrime threat actors of 2024 has pleaded guilty to computer …
- Fraud Tracker
UBS hit with record $125M civil penalty for ‘willful’ BSA violations
by AiNewsBlogby AiNewsBlogUBS Financial Services was slapped with a record $125 million joint civil penalty by four regulatory agencies for willful violations of the …
- Fraud Tracker
DOJ declines to prosecute health entity per Corporate Enforcement Policy, but indicts former CEO
by AiNewsBlogby AiNewsBlogThe Department of Justice (DOJ) has declined to prosecute a New Jersey health business for fraud, kickbacks and bribery, while indicting the …
- Fraud Tracker
Read This Before You Buy That TV Streaming Stick – Krebs on Security
by AiNewsBlogby AiNewsBlogSecurity experts have been sounding the alarm for years about the risks of using generic TV boxes that promise unlimited content streaming …
- Fraud Tracker
Brazil’s National Data Protection Authority: How regulators investigate and enforce its data protection law
by AiNewsBlogby AiNewsBlogIn June of this year, Brazil’s National Data Protection Authority (ANPD) opened an administrative enforcement proceeding against Claro, one of the country’s …
- Fraud Tracker
DOJ launches new trade fraud unit as task force tops $1 billion in recoveries
by AiNewsBlogby AiNewsBlogThe U.S. Department of Justice (DOJ) announced on July 14 the creation of a new unit dedicated to investigating and prosecuting criminal …
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