The financial intelligence unit (FIU) of Iran, part of the Iranian Finance Ministry, is perhaps one of the most challenged
On Monday 4th September at 3pm Beijing time, China’s central bank announced an immediate ban on initial coin offerings. The fundraising practice had, according to the bank, “seriously disrupted the economic and financial order.”
The term ‘money-laundering’ tends to bring to mind either speakeasies, fronts for organised street crime, or dodgy transactions through risky
There’s a tendency to think of cyber crime as a contest between tech-savant hackers and sophisticated bank security systems. But while fraudsters are indeed often ingenious, their methods tend to be, fundamentally, quite simple. It’s normally easier to dupe an employee than bypass a firewall.
The European Council has added three states to the Annex 1 list of non-cooperative jurisdictions, dubbed the EU tax blacklist, saying they have failed to make commitments at ‘a high political level’ to address issues ...
Victims of a fraud which leads them to transfer money to a con-artist are typically losing nearly £3,000 each, new figures show. The cost of so-called authorised push payment fraud has been calculated by UK Finance, ...
By Rachel Crabtree, senior associate, and Michael Carter, director, Alvarez & Marsal Disputes & Investigations With cryptocurrency vastly on the rise, crypto proponents are pushing for more open financial systems to, in part, serve the ...
Fitness instructor Ed Lumsden was trying to log in to his online bank account last week when he discovered HSBC (HSBA.L) had closed it without warning. Lumsden, who counts British television presenter Davina McCall among ...
By Amos Wittenberg In the field of NFC readers and facial recognition technology, passports seem a little old hat: delicately
Financial institutions today face scrutiny at an unprecedented level and may be subject to civil and criminal penalties for any
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A London-based compliance officer is amused at what bank workers reveal to him about their knowledge of their firms and