Why wire transfers are more popular with money launderers and fraudsters, Alessa analyses
Wire transfers have long been the tool of choice for money launderers and fraudsters and AML compliance and fraud professionals must understand how wire transfers work to mitigate these risks.
SEC charges Harbor City Capital and its CEO with operating a Ponzi scheme
The Securities and Exchange Commission (SEC) has obtained a temporary restraining order and an asset freeze to stop an alleged Ponzi scheme and misappropriation of investor funds by Jonathan P. Maroney through several entities he controlled including Harbor City Capital.
Thoma Bravo acquires Proofpoint in a $12.3bn deal to build its cybersecurity portfolio
Private equity Thoma Bravo inked a $12.3bn all-cash deal to acquire SaaS-based cybersecurity firm Proofpoint.
Deep Instinct eyes ‘hyper-growth’ as it snares $100m Series D
Cybersecurity enterprise Deep Instinct has closed a $100m Series D funding led by global asset juggernaut BlackRock.
US eyes greater cyber influence with new Cyber Diplomacy Act bill
The US House of Representatives has passed a bill that would create a cyber diplomacy office at the US State Department and boost US influence in global cyberspace.
Fraud prevention platform Sift gains unicorn status after netting $50m
Digital trust startup Sift Science raised $50m in new funding with the aim to continue expanding its product portfolio.
FICO survey highlights evolving identity theft challenges in the online age
A survey by data analytics company FICO has found up to 4% of UK consumers believe their identity has been stolen online.
Payment giant Mastercard to buy digital ID firm Ekata for $850m
In a move to leverage on the increasing demand for companies in the digital security space, global payments processor Mastercard acquires Seattle startup Ekata for $850m.
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MAS penalises Singaporean bank branch S$1m for fraud, terrorism failures
The Monetary Authority of Singapore (MAS) has imposed a penalty of S$1m on a Singapore-based bank branch for not complying with its anti-money laundering and terrorism financing acts.
How can technology be used to reduce AML, anti-bribery and corruption incidents within financial...
Money laundering, bribery and corruption are still a pressing issue within financial institutions, but the best way to combat this is through solid operational risk management sponsored from the top.