Financial crime risk management (FCRM) is the practice of proactively looking for financial crime, including investigating and analyzing suspicious activity, rooting out vulnerabilities and taking steps to lower an organization’s risk of becoming a victim. For organizations in every industry across the...
The Financial Crimes Enforcement Network is a department in the United States Treasury that is responsible for identifying and...
a seal from a notary public to authenticate that signature. Proof of income, such as tax returns and paycheck stubs, is often needed to collaborate with sworn statements relating to available income. Knowingly making a false statement on a financial affidavit is a crime, and can result in seri...
Fraud is one of the most prevalent offences in the UK, accounting for more than 40 per cent of crime in England and Wales.1Individuals lost more than half a billion pounds from financial scams in the first half of 2023.2 This article includes tips, suggestions and general information. We re...
Sean:We have a tool that identifies any type of transaction, across the world, that the clients we are tracking have made. This feeds into the investigation. However, our investigations can be complicated if there are two crimes taking place. If there is bribery and money laundering, for ex...
Thus, the question addressed in this essay is how to define a business crime and what should be the proper role of criminal prosecution in connection with business offenses. I start with the proposition that we should criminalize conduct only when lesser remedies do not work to deter the ...
The U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) protects our financial system. FinCEN is responsible for enforcing the Corporate Transparency Act.
Mortgage fraud is a financial crime that entrails the falsifying of loan documents or otherwise trying to illegally profit from the mortgage loan process. The FBI considers fraud to be a material misstatement, misrepresentation, or omission in relation to a mortgage loan, which is then relied upon...
Is Catfishing Illegal? Though catfishing is deceptive and cruel, there are no specific laws against catfishing between adults. Still, catfishing can quickly become a crime if the catfish: Uses copyrighted or trademarked material Commits identity theft ...
What is a HIFCA (high-intensity financial crime area)? The HIFCA designation was conceived in the US’Money Laundering and Financial Crimes Strategy Act of 1998and came into effect a year later with theNational Money Laundering Strategy for 1999. The legislation defined HIFCAs as areas that pr...