8th May 2017
Criminals who use the virtual currency known as Bitcoin can be convicted of money laundering under a Florida measure passed by legislators late Friday. Both the state House and Senate approved the bill, which now heads to the desk of Gov. Rick Scott for approval. Read More
24th April 2017
The Department of Justice (DOJ) has found basis to file money laundering charges against a former branch manager of the Rizal Commercial Banking Corp. (RCBC) and officials of remittance firm Philrem Service Corporation (Philrem) in connection with the $81 million in funds stolen by hackers from the Bangladesh Bank. Current… Read More
21st April 2017
Free, easy-to-use hacking tools help many young people slip into a life of cyber-crime, according to a report. The National Crime Agency (NCA) has detailed the “pathways” taken by people who become criminals. Many started by getting involved with game-cheat websites or forums that talked about ways to change… Read More
20th April 2017
U.S. Sen. Jeanne Shaheen (D-N.H.) wants to know what Amazon is doing to protect the millions of retailers selling wares on the ecommerce giant’s site against cyber threats and hackers. In an April 14 letter to Peter Faricy, vice president of Amazon Marketplace, the senator has requested a description of… Read More
20th April 2017
The U.S. Justice Department announced Monday an “extensive” operation to dismantle the Kelihos Botnet, a global network of tens of thousands of infected computers under the control of a Russian cybercrime kingpin. The action seeks to stop computer programmer Pyotr Yuryevich Levashov from continuing the scheme. Read More
11th April 2017
Only a year ago Russia’s Finance Ministry was threatening jail time to anyone using digital currencies. In a major U-turn, it’s now edging closer to their acceptance as a legitimate financial instrument to open a new line of attack on money laundering. The authorities hope to recognize bitcoin and other cryptocurrencies… Read More
4th April 2017
Cybercriminals often possess an air of secrecy that makes us assume they’re smarter than they are. But hackers aren’t necessarily geniuses — it’s just that computer users repeatedly make the same mistakes. Modern business owners share an alarming lack of awareness regarding cybersecurity, which often leads to negligence, which leads… Read More
31st March 2017
Technology Tools to Tackle Tax Evasion and Tax Fraud demonstrates how technology is currently being used by tax administrations in countries worldwide to prevent, identify and tackle tax evasion and tax fraud. These solutions can offer a win-win: better detection of crime, higher revenue recovery, and synergies that can make… Read More
22nd March 2017
The agreement follows a number of high profile cyber-attacks on banking systems around the world, which has brought banking security to the top of the agenda. Read More
20th March 2017
How can banks identify white collar crime in an expected, streamlined manner without impeding legitimate transactions? Read More