30th January 2019
Cryptocurrencies stolen from exchanges and scammed from investors surged more than 400 percent in 2018 to around $1.7 billion, according to a report from U.S.-based cyber security firm CipherTrace released on Tuesday. Of the $1.7 billion, the report, which looks at criminal activity in the digital currency market, said $950… Read More
30th January 2019
The United States imposed sanctions on Venezuela’s oil exports on Monday, a major escalation in its support for opposition leader Juan Guaido’s bid to oust socialist President Nicolas Maduro. Like many in the opposition and international community, Guaido says the May 2018 vote in which Maduro won a second term… Read More
30th January 2019
A man has been arrested over allegations of fraud and money laundering at an address in Oxford, UK, following the theft of around €10 million in the IOTA cryptocurrency from over 85 victims worldwide since January 2018. An investigation was launched after police in Hessen, Germany, received reports from members… Read More
29th January 2019
The Financial Reporting Council (FRC) has opened a new probe into Big Four accountancy firm KPMG regarding collapsed business Carillion. British construction firm Carillion went into liquidation after stacking up huge debts and losing money on contracts. Following the development, the regulator launched an investigation in January 2018 into… Read More
28th January 2019
Lithuania has taken extra measures to prevent money-laundering after bank scandals in Latvia and Estonia which have harmed its reputation, its central bank Governor Vitas Vasiliauskas said. The euro-zone member has so far avoided any major financial scandals of its own but felt it needed to improve its safeguards, Vasiliauskas,… Read More
28th January 2019
Malaysia’s securities regulator said on Saturday it was looking into the conduct of auditors of 1Malaysia Development Bhd (1MDB), a state fund that was wound up after losing billions of dollars in a scandal that erupted under the country’s previous government. “The Securities Commission’s review of the conduct of… Read More
28th January 2019
AP — Facial-detection technology that Amazon is marketing to law enforcement often misidentifies women, particularly those with darker skin, according to researchers from MIT and the University of Toronto. Privacy and civil rights advocates have called on Amazon to stop marketing its Rekognition service because of… Read More
28th January 2019
By Robert Mazur Testimony in the ongoing New York federal trial of “El Chapo” Guzman offered a repeat of facts heard in hundreds of similar trials since the prosecution of Al Capone. Despite that blaring reminder, governments, including the one now prosecuting El Chapo, appear to turn a deaf… Read More
28th January 2019
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
28th January 2019
The Serious Fraud Office has published the full terms of its deferred prosecution agreement (DPA) with supermarket giant Tesco after reporting restrictions were lifted. Under the DPA, Tesco agreed to pay a £129m fine and £3m investigation costs, and also agreed to undertake and implement an ongoing compliance programme during… Read More