Wells Fargo & Co to pay $3bn in fraud case
Wells Fargo & Co has reportedly agreed to pay $3bn as a settlement after a criminal and civil investigation into fraudulent sales practices.
PayPal and BT hackers jailed after defrauding over 2,000 people
Seven out of eight gang members have been jailed after defrauding thousands of people through hacking PayPal and BT accounts.
NICE Actimize forms two new partnerships
NICE Actimize, an autonomous financial crime management platform, has formed two new partnerships to improve its anti-money laundering and data intelligence capabilities.
Kount to boost email trust through new tool
Fraud prevention company Kount has released a new service which will boost the trust of identity in emails.
How Danske Bank’s money laundering scandal could pave the way for Nordic challenger banks
Neobanks in the Nordics may have had a slow start, but things may soon be about to change.
Foreign exchange firm owner charged with fraud and misappropriation
A man operating out of a California and Tennessee-based company has been accused of wire fraud, fraud and misappropriation.
European Commission warns eight countries on AML failures
The European Commission has issued legal warnings to eight EU countries which have failed to meet the new anti-money laundering (AML) laws.
hawk:AI adds Ratepay as latest customer
Money laundering detection platform hawk:AI has added software specialist Ratepay as its latest customer.
How will RegTech evolve in the future?
The financial market is global and constantly dealing with new technologies and weighed down with ever-expanding regulations. So where does that leave the future of RegTech?
Hopeful lovers in Australia lost $28.6m to fraud last year
With valentine’s day just around the corner, people are no doubt going to be using dating and romance apps; however, consumers are warned to be on the lookout for scammers. In Australia, one fifth off all losses involved scams from these services, according to a report from ScamWatch 2019.