Financial CrimeRSS

Blockchain and Bitcoin round-up: 21 November 2017

Circuit Board Projecting Bitcoin

From major crimes to KYC times. Our latest blockchain and Bitcoin round-up features Tether, Metal, Deutsche Bank and IBM. Digital currency firm Tether is feeling under the weather as it has reported that “funds were improperly removed from the Tether treasury wallet through malicious action by an external attacker”. The amount is a rather large […]

Crime thriller: Trading Down, by Stephen Norman – part 3

Trading Down

Over the past few weeks, we’ve been sharing some extracts from a new crime thriller, Trading Down, by Stephen Norman, long serving CIO/CTO of RBS Global Markets. Here, in the third and final extract, we return to the action at the Hamilton Datacentre crisis.

Crime thriller: Trading Down, by Stephen Norman – part 2

Trading Down

Here’s a second extract from Trading Down, by Stephen Norman, which continues the drama in the Hamilton Datacentre.

The changing face of financial crime compliance

Financial crime compliance

Paul Taylor of Swift’s Financial Crime Compliance Services Division discusses the evolving compliance landscape and the critical role of technology in helping the industry come together as a whole to combat financial crime.

BioCatch to power behavioural biometrics for Samsung SDS America

BioCatch logo

Behavioural biometrics and threat detection firm BioCatch is working with Samsung SDS America to combat fraud that occurs after a user has logged in.

Crime thriller: Trading Down, by Stephen Norman

Trading Down

A sneak preview of a debut novel by Stephen Norman, long serving CIO/CTO of RBS Global Markets and previously Merrill Lynch. A fast-paced crime thriller – published on 9 November 2017.

Wells Fargo fake bank account scam gets bigger

Under pressure

The scandal of employees at Wells Fargo creating 2.1 million fake bank accounts and credit card numbers to boost sales figures has just got bigger. After an expanded third-party review of retail banking accounts dating back to the beginning of 2009, Wells Fargo reveals that the number is in fact 3.5 million accounts. As reported […]

Mizuho primes for financial crime with IBM Watson time

Mizuho

Mizuho is testing out new ways of risk management and dealing with financial crime by using IBM Watson’s cognitive technology. The plan is to use the Watson-powered software, which runs on the IBM Cloud, to analyse a range of data sources, including retrieving news sources and extracting data using screening technologies, that were previously done […]

Nordea and Danske Bank being investigated for money laundering

denmark flag 1

Nordea is now keeping people informed about an ongoing investigation by the Danish Prosecution Service into its alleged anti-money laundering (AML) violations. By way of recap, it follows criticism by the Danish Financial Supervisory Authority (DFSA) in June 2016 regarding AML transgressions by Nordea Bank Danmark. According to Danish newspaper Berlingske, the money laundering involves […]

“Jihadi capital” Belgium most lenient country on money laundering

Belgium 1

Belgium – the “Jihadi capital of Europe” – is the European Union’s (EU) most lenient country on money laundering despite its role in terrorist financing, according to anti-money laundering (AML) firm Fortytwo Data. With refreshing frankness in the usually jargon-soaked and platitude-drenched world of fintech, Fortytwo Data says the EU’s disjointed approach to the fight […]

@banking
techno