All posts tagged "fraud"
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129EnforcementSingapore Police Lay Second Charge Against Hin Leong Founder
The second charge is for a forged email that was used alongside an inter-tank transfer certificate to secure more than $56mn in trade financing.
September 29, 2020 -
506ChinaChina Market Supervisor Issues Fines Against Luckin Coffee
Luckin was able to falsely inflate revenue, costs and profits last year with the help of 43 third-party companies, which have also been fined.
September 23, 2020 -
2.5KContributed ArticleWirecard: The Biggest FinTech Success and Failure Story of All Time
Wirecard will be a compliance and audit training reference point for years to come, says compliance expert Oonagh van den Berg, recounting the warning signs in the years-long lead up to its collapse.
September 18, 2020 -
1.2KAML / KYCSWIFT Announces Enhancements in Payments, Securities Processing
The enhancements will be made available through a next-generation digital platform that will "fundamentally transform" payments and securities processing, SWIFT says.
September 17, 2020 -
491AML / KYCJapan FSA Probes E-money Providers as More Thefts Emerge
NTT Docomo has reported additional cases of thefts through its e-money service. Japan Post Bank has identified similar thefts via five other operators.
September 16, 2020 -
1.1KAML / KYCFATF Details Virtual Asset Red Flags for Detecting Criminal Activity
This report will help VASPs, FIs, DNFBPs, and other reporting entities detect and report suspicious transactions, and national authorities detect criminal activity.
September 15, 2020 -
1.4KAML / KYCLeveraging Data & Tech in Financial Crime Compliance
The pandemic has been an agent for accelerated change in operational and frontline functions. Financial crime compliance teams need to get in on the act.
September 14, 2020 -
315EnforcementSFC Issues Statement on Alleged Manipulation of Next Digital Shares
The SFC does not explicitly say whether it is investigating Next Digital trading activity or whether a request for assistance was received from police ahead of last week's arrests.
September 14, 2020 -
1.2KAML / KYCJapanese Police Probe Thefts from NTT Docomo E-money Service
NTT Docomo reportedly did not notify many of its partner banks after similar thefts last year, a warning which may have allowed them to bolster authentication protocols.
September 11, 2020 -
1.3KChinaUS SEC Launches Fraud Probe into Chinese Edutech Firm
Reports first emerged in February alleging that up to 80% of GSX Techedu users are fake, evidenced by attendance data, server records, and admissions by former employees.
September 6, 2020
