Featured Identity Fraud

UK: Ex-banker jailed for trying to bribe bank colleagues over scam

A former RBS employee has been jailed for 30 months over a scam in which he tried to bribe his colleagues in an attempt to swindle hundreds of thousands of pounds from the bank. Using his inside knowledge, Dilbaagh Singh-Derewal and an associate asked two ex-colleagues who still worked… Read More

EU group approves new-look ID cards to combat €2 billion identity theft

European lawmakers on the Civil Liberties (LIBE) Committee have approved plans for a new single identity card to be adopted by member states in an effort to improve ID card security and curb document fraud, which is estimated to cost the bloc €2 billion annually. There are currently at… Read More

Nomura to pay $480m for misleading investors, due diligence issues

Nomura and several of its affiliates have agreed to pay a total of $480 million to settle charges of misleading investors over the sale of residential mortgage-backed securities (“RMBS”) between 2006 and 2007, an issue which resulted in investors suffering ‘significant’ losses and also highlighted the bank’s poor due diligence… Read More
19th October 2018
Brits looking for love are at risk of losing thousands of pounds to romance scams or ‘rom-cons’, according to Barclays Bank, which said it has conducted new research on the form of fraud. Romance scams occur when someone is convinced to make a payment to a person they have… Read More
18th October 2018
AP — It’s now possible to check in automatically at Shanghai’s Hongqiao airport using facial recognition technology, part of an ambitious rollout of facial recognition systems in China that has raised privacy concerns as Beijing pushes to become a global leader in the field. Shanghai Hongqiao… Read More
6th June 2018
The Commonwealth Bank of Australia (CBA) has been hit with a A$700 million ($529.3 million) penalty for AML and CFT breaches, including poor customer due diligence procedures and failing to adequately monitor transactions on almost a million accounts.   >> Learn how RiskScreen Batch provides… Read More
14th May 2018
AP — U.S. officials have identified a passport fraud scheme in Hungary that has allowed people to enter the U.S. under false identities. Officials say that U.S. Customs and Border Protection’s National Targeting Center notified the U.S. Embassy in Budapest of an Interpol notice on an individual who had… Read More