The US department of Justice bolsters Deutsche Bank money laundering investigation
The US Department of Justice (DoJ) has reportedly bolstered its investigation into Deutsche Bank’s involvement in last year’s Danske Bank money laundering scandal.
HSBC and Santander to refund customers after breaching CMA rules
HSBC and Santander are to refund their customers after they both failed to comply with the Competition and Market Authority’s (CMA) rules.
Signicat and SurePay partner to combat payment fraud
Digital identity platform Signicat will integrate its services with SurePay’s bank account verification service under a new agreement.
Around 30% of Bó applications have been fraudulent
Bó, the new digital bank from RBS, has reportedly been hit by a wave of fraudsters during the short time it has been live.
Westpac appoints Promontory to conduct review after its massive money laundering accusation
Westpac has appointed Promontory has been appointed to conduct the external accountability and financial crime program review, following the bank’s numerous money laundering accusations.
Europol makes a move against airline fraudsters
Europol has made 79 arrests after a crackdown on airline fraud which involved 60 countries, 56 airlines and 12 online travel agencies.
FIS partners with IBM to improve P2P payment safety
Financial services technology platform FIS has integrated the IBM Safer Payment solution to improve its anti-fraud capabilities on its real-time P2P payment services.
Warning about new e-commerce phishing scam raised in the run-up of Black Friday
Just as customers are gearing up to tap into one of the biggest shopping event of the year, cybersecurity experts warn about a new e-commerce phishing scheme.
Westpac’s chairman and CEO to step down amid AML scandal
Australian bank Westpac will see its CEO Brian Hartzer step down next week as the lender is facing money laundering and terrorism financing allegations.
The FCA bans mass marketing of speculative mini-bonds
The Financial Conduct Authority (FCA) will ban the mass marketing of speculative mini-bonds to retail customers from New Year’s Day 2020.