Mexico’s central bank said on Wednesday a cyber attack that has affected a payments system in the country had hit a total of five companies and that an estimated 300 million pesos ($15.33 million) of irregular transactions had been detected so far.

Bank of Mexico Governor Alejandro Diaz de Leon said five market participants were victims of the hack, which hit connections to a domestic payments system at the end of April, but did not specify which banks, brokerages or other companies were targeted.

Reporting by Michael O’Boyle, Reuters, 16 May 2018

Link to Reuters.

Read more:

AML Three Lines of Defence: Time for Something That Works! (Part 1)

Gang launders €8m using cryptocurrencies, 174 bank accounts

Confessions of a Compliance Officer: Bewilderment in the corridors of power

VIEW THE FULL ARTICLE