Featured Identity Fraud

Singapore police arrest 230 for role in scams involving S$2.9mil

A two-week police operation conducted from Dec 19 has resulted in the arrest of 230 people for their role in different scams in which victims lost more than S$2.9 million. The 388 ruses involved social media impersonation, Internet love scams, cheats using fake gambling and loan platforms as well as… Read More

Brexit Deal Forces Prosecutors to Swap a Ferrari for a Citroen

Police and prosecutors will be forced to retreat to decades-old tools for cooperation despite a last-minute Brexit trade deal, raising the risk of fumbles. The pact between Britain and the European Union allows cooperation between the U.K. and member states, particularly as part of investigations into terrorism and serious crime,… Read More

Miami family heads to prison for dark web racket built on ID theft, counterfeit checks

Initially, a Miami family’s crime appeared to be just illegal cockfighting. But after scratching the surface, Miami-Dade police found out it was a lot more serious. Soon the feds got involved. “When MDPD arrived at the Rodriguez family home, they found evidence that made plain the home also doubled as… Read More
18th December 2020
A Sydney finance broker has become the third member of an alleged criminal syndicate to be charged with attempting to defraud NAB of more than $21 million. The 64-year-old man was arrested at Blacktown police station on Tuesday morning as part of ongoing inquiries into the alleged fraud, which police… Read More
17th December 2020
One of the countries lauded as being among the most crypto friendly in the European Union revoked the licenses of more than 1,000 crypto firms in 2020. According to news outlet Postimees, Estonia’s Financial Intelligence Unit, or FIU, has revoked the licenses of roughly 70% of virtual currency companies… Read More
11th December 2020
The U.S.’s anti-money-laundering watchdog released new guidance Thursday on how financial institutions can share personally identifiable information about their customers if they believe it is tied to a suspicious transaction. The guidance is meant to help clarify the limits to what officials have called a key tool in identifying potential… Read More
26th November 2020
As much as £1bn in benefit fraud has been prevented from being paid to organised-crime groups in recent months, BBC News has learned. But before the scam was spotted, officials unwittingly confirmed thousands of stolen identities. Fraudsters took advantage of looser rules introduced to cope with a surge of universal credit… Read More
26th November 2020
A Dublin hacker’s conviction for stealing more than $2 million in cryptocurrencies may affect a US request for his surrender, the High Court was told. Siobhán Ní Chúlacháin, BL, said that Conor Freeman was sentenced by Dublin circuit criminal court last week “arising out of similar circumstances” and this information… Read More
19th November 2020
Criminals are laundering illegally obtained funds meant for Covid-19 relief through the most popular apps for legally sending and receiving money, law enforcement officials say. Cash App, Venmo, Zelle and PayPal have become portals to easily move money, making transactions more difficult to trace. “I’ve never seen, in my 28… Read More
11th November 2020
MAS (Monetary Authority of Singapore) has issued a consultation paper on the types of information required for non-face-to-face verification of an individual’s identity. The proposed requirements come against the backdrop of rising impersonation scam cases, and seek to address the risks arising from theft and misuse of an individual’s personal… Read More
29th October 2020
A married couple who are former solicitors created 60 false identities, donned disguises and paid homeless people for their PPS numbers in order to defraud banks and credit unions of several hundred thousand euro, Cork Circuit Criminal has heard. Keith Flynn (46) and Lyndsey Clarke (37), of Blarney Street in… Read More
16th October 2020
Three years after NAB began upgrading its anti-money laundering and counterterrorism-financing program it was still unable to follow its own policies regarding the sex industry, closing accounts of sex workers it promised to support while opening new accounts for businesses it promised not to service. NAB decided it would no… Read More
15th October 2020
U.S. unemployment claims, which have surged during the coronavirus pandemic, are amplifying a compliance risk for financial institutions: unemployment insurance fraud. The Treasury Department’s Financial Crimes Enforcement Network issued an advisory Tuesday, alerting banks to red flags that could indicate illicit activity, including emerging schemes exploiting vulnerabilities created by the… Read More