FCA investigates over 150 Covid-19 related scams
The Financial Conduct Authority (FCA) is investigating more than 150 coronavirus-related scams launched since the outbreak began, according to official figures.
Four men arrested on claims of stealing $19m from Amazon through invoice fraud
Four men have been arrested on charges of an invoice fraud scheme that allegedly enabled them to steal $19m from e-commerce giant Amazon.
Form3 scores $33m in its latest funding round
Cloud-native payment technology developer Form3 has scored $33m in funding, which will support the next growth stage of the company.
Barclays warns that scams have increased 66% during the Covid-19 pandemic
Scammers increased their activities by 66% in the first six months of 2020, according to new research from Barclays.
One in five South Korean banks struggle to update their AML solutions
New research suggests that 23% of banks in South Korean banks have problems modifying their anti-money laundering compliance systems, according to a new survey from FICO.
Could Covid-19 pushing for more sustainability investments be good for RegTechs?
The pandemic has caused an upsurge in interest in renewables, which could potentially benefit RegTech ventures.
How would a second wave of Covid-19 affect the RegTech industry?
There are signs that a second wave of coronavirus cases is on the way. So what will it mean for RegTech companies?
Anti-fraud company SpyCloud bags $30m in its Series C round
Anti-fraud company SpyCloud has bagged $30m in its Series C round, which was led by Centana Growth Partners.
Anti-money laundering and know your customer fines in 2020 totalled $5.6bn so far
The total value of fines issued so far in 2020 against companies failing to comply with anti-money laundering and know your customer rules totalled $5.6bn, with APAC regulators dramatically increasing their sanctions.
US authorities seize millions in bitcoin linked to terrorism financing
The US justice department has announced that American authorities have seized millions of dollars in cryptocurrency linked to online terrorist financing campaigns involving Hamas, al-Qaeda and ISIS.