Webull Financial failed to have reasonably designed programs for anti-money laundering (AML) and identity theft protection and will pay a $4.2 million …
Category:
Fraud Tracker
- Fraud Tracker
Want to Rent an Internet Address at the White House? – Krebs on Security
by AiNewsBlogby AiNewsBlogSeveral staffers at the White House are using computers or mobile devices equipped with residential proxy services that render their internet address …
- Fraud Tracker
UK SFO strengthens guidance on corporate self-reporting for fraud, bribery, and corruption
by AiNewsBlogby AiNewsBlogThe UK’s Serious Fraud Office (SFO) has published guidance intended to strengthen support for companies that need to self-report fraud, bribery and …
- Fraud Tracker
Tech Firms Dismantle Botnet That Turned 1.3M TV Boxes Into Proxies – Krebs on Security
by AiNewsBlogby AiNewsBlogGoogle said today it worked with industry partners to dismantle a botnet made up of more than 1.3 million Android TV set-top …
The Manhattan District Attorney’s Office has launched a Corporate Crime and Antitrust Task Force to focus on complex fraud and misconduct investigations. …
- Fraud Tracker
DOJ, HHS launch self-disclosure pilot for health FCA violations
by AiNewsBlogby AiNewsBlogHealth care entities may be able to pay less than half the steep fines ordinarily associated with False Claims Act (FCA) violations …
- Fraud Tracker
Bank reports help FinCEN identify $270M in possible student aid schemes
by AiNewsBlogby AiNewsBlogReports from banks and other financial institutions have helped identify about $270 million in federal aid funds linked to suspicious financial activity, …
- Fraud Tracker
UAE expands AML/CFT regime with tougher penalties and wider sector reach
by AiNewsBlogby AiNewsBlogThe United Arab Emirates’ new anti-money laundering and countering the financing of terrorism (AML/CFT) framework (Federal Decree Law No. 10 of 2025), …
- Fraud Tracker
UK proposes new cross-regulatory, multi-agency approach to clamp down on money laundering
by AiNewsBlogby AiNewsBlogThe UK government has published its anti-money laundering and asset recovery (AMLAR) strategy, which sets out a multi-agency, cross-regulatory response to money …
- Fraud Tracker
Feds Suspect Ransom Negotiator Ran ShinyHunters Extortion Site – Krebs on Security
by AiNewsBlogby AiNewsBlogU.S. federal investigators pursuing the ShinyHunters hacking group that recently stole highly sensitive data from the FBI have identified executives at two …
- Fraud Tracker
BoA pays $1.21B for AML lapses and alleged sanctions violations
by AiNewsBlogby AiNewsBlogThe US Treasury Department announced $1.21 billion in penalties against Bank of America for its lapses in anti-money laundering (AML) and alleged …
- Fraud Tracker
U.K. Sanctions Cryptomus for RU Money Laundering – Krebs on Security
by AiNewsBlogby AiNewsBlogThe United Kingdom has issued economic sanctions against Cryptomus, a chameleonic cryptocurrency platform that experts say serves as a major conduit for …
- Fraud Tracker
Compliance must counter rising third-party financial crime risks with risk-based, integrated due diligence
by AiNewsBlogby AiNewsBlogThird-party risks around financial crime are accelerating and becoming more complex. Evolving sanctions rules, a renewed focus in the EU and UK …
- Fraud Tracker
American Express hit with $350M penalty for lax BSA/AML compliance program
by AiNewsBlogby AiNewsBlogThe Office of the Comptroller of the Currency (OCC) and the U.S. Federal Reserve Board (FRB) each took enforcement action against American …
- Fraud Tracker
FBI Arrests Founder of Ransomware Negotiation Firm – Krebs on Security
by AiNewsBlogby AiNewsBlogAgents with the Federal Bureau of Investigation (FBI) on Thursday arrested the co-founder of a Canadian cybersecurity firm in connection with an …
- Fraud Tracker
Vietnam’s AML rules require banks to trace owners beyond its borders
by AiNewsBlogby AiNewsBlogVietnam has introduced temporary measures to strengthen its anti-money laundering (AML) framework. It requires financial institutions to collect and clarify how they …
- Fraud Tracker
ShinyHunters Extorted Boeing Spin-off Prior to Arrests – Krebs on Security
by AiNewsBlogby AiNewsBlogA teenager from Amman, Jordan suspected of leading the prolific data theft and extortion group ShinyHunters has been detained and is reportedly …
- Fraud Tracker
Whistleblower program coming to DOJ’s fraud division, McDonald says in memo
by AiNewsBlogby AiNewsBlogThe US Department of Justice’s (DOJ) Corporate Enforcement Section (CES) will oversee businesses’ compliance with criminal resolutions, and the DOJ’s fraud division …
- Fraud Tracker
Data leak reveals Russian fintech providing sanctions-evasion-as-a-service to launder payments via global banks
by AiNewsBlogby AiNewsBlogBillions of dollars have been laundered through big-name global banks by the Russian A7 payments fintech, according to research into leaked material …
- 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 …
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