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Fraud, Scams & Cybercrime
Reporting on fraud schemes, cyber attacks targeting financial systems, regulatory responses, and advancements in fraud prevention technologies.
Cryptocurrency
New York Regulator Investigating Crypto Firm Gemini
By Editors | 01/02/2023
Gemini emphasised connections to the FDIC when customers asked if their assets were safe. Almost $1bn in customer assets have since been frozen on the platform.
Credit Risk
FSC Korea Unveils 12 Policy Initiatives in 2023 Work Plan
By Manesh Samtani | 31/01/2023
The initiatives seek to mitigate risks related to financial stability, insolvencies, scams, and virtual assets, while also promoting innovation and fintech.
Fraud, Scams & Cybercrime
UK Economic Crime Bill to Include New ‘Failure to Prevent’ Offences
By Manesh Samtani | 31/01/2023
Failure to prevent fraud, false accounting, and money laundering will become new corporate criminal offences in the UK.
Fraud, Scams & Cybercrime
International Counter Ransomware Task Force Begins Operation
By Editors | 30/01/2023
Australia is the inaugural chair and coordinator of the ICRTF, which will seek to drive international cooperation to tackle ransomware.
Reporting & Disclosures
Climate Consultancy South Pole Accused of Over-issuing Carbon Credits
By Editors | 30/01/2023
South Pole is alleged to have oversold 27 million tonnes of carbon credits and then failed to notify clients when the mistake was discovered.
Fraud, Scams & Cybercrime
US, EU Authorities Take Down HIVE Ransomware Gang
By Editors | 30/01/2023
“Simply put, using lawful means, we hacked the hackers,” said deputy attorney general Lisa Monaco.
Fraud, Scams & Cybercrime
FBI Confirms DPRK Hackers Behind $100m Horizon Bridge Crypto Theft
By Editors | 29/01/2023
The FBI was able to freeze a portion of the stolen funds, in coordination with some virtual asset service providers.
Fraud, Scams & Cybercrime
German Prosecutors Search BNP Paribas Offices in Cum-Ex Probe
By Editors | 27/01/2023
The investigation also involves searches of private residences, focusing on 58 suspects who were or are professionally active for the bank.
Anti-Money Laundering
Action Against Crypto Firm Bitzlato Yields Seizures, More Arrests
By Editors | 25/01/2023
Authorities seized EUR 18 million in crypto wallets and froze EUR 50 million in accounts at other crypto exchanges, Europol says.
Cryptocurrency
FTX Explores Possible Revival of Global Crypto Business
By Sanday Chongo Kabange | 25/01/2023
FTX’s replacement CEO believes reviving the business could recover more value for customers than a liquidation of assets or sale of the platform.
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