The ten-day sweep, code named 'cyber loss', resulted in the arrests of 90 individuals in 28 US cities who committed crimes ranging from email and wireless fraud to money laundering and bank fraud. ebay claimed that there was one case of fraud for...
Any finding of a civil or criminal violation by PayPal, or potentially any settlement, could also endanger PayPal's ability to obtain, maintain or renew money transmitter licences in jurisdictions where it requires such licences to operate, which...
Whilst money laundering doesn't affect financial institutions' own business, many need to realise that it is often committed by the same criminals who also commit fraud, which costs the industry over £2bn per annum and society much more in illegal...
Anti-money laundering guidelines from regulators such as the UK's Financial Services Authority will also push financial institutions to spend on automated artificial intelligence and analytics mechanisms to detect and prevent fraud, with...
Independent computer crime expert Neil Barrett sympathises with the banks to an extent saying "their hands are tied by money-laundering laws" which mean they have to check all anomalous transactions with customers and this requires some element of...
The government claims the measures will isolate those people involved in drug trafficking, organised immigration crime, credit card and identity fraud and money laundering. I do not want data protection to be wrongly blamed for preventing sensible...
Did you find this white paper useful? 2 out of 3 users found this white paper useful
White Paper RSS
Download
Register
