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...
The U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) protects our financial system. FinCEN is responsible for enforcing the Corporate Transparency Act.
Delve into Financial Crime Risk Management (FCRM). Learn types of crimes, AML compliance, risk assessment, and FCRM solutions for detection and prevention.
High-intensity financial crime area challenges While HIFCAs have clear and practical law enforcement benefits, it is important that financial institutions are able to extract meaningful data from the programs to inform their anti-money laundering compliance process. ...
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 exa...
In turn, the ability to effectively investigate, prosecute, and prevent cyber crimes is an ongoing fight with many dynamic challenges. Cyber crime poses a serious threat to individuals, businesses, and government entities and can result in significant financial loss, damaged reputation, and ...
Is the Financial Crisis Also a Crime Story? What Happens When Reporters Pursue the Wrong Narrative in Covering Financial News? It Is a Personal Story with Deeper ImplicationsMy 2006 investigative film, In Debt We Trust: America Before the Bubble Bursts, exposed...Schechter, Danny...
Legal framework of collaborative crime-fighting The European Union’s General Data Protection Regulation (GDPR) has provided a clear legal basis for private-private financial information sharing across the 27 member states and the UK. The precise scope, as to what data, and in which instances it...
“The Financial Conduct Authority is the conduct regulator for 59,000 financial services firms and financial markets in the UK and the prudential regulator for over 18,000 of those firms.” –About the FCA,FCA.org Supervision On supervision, the FCAstatesthat it takes a “pro-active, intellige...
White-collar crime is a nonviolent crime characterized by deceit to obtain or avoid losing money, or to gain a personal or business advantage.