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.
President Biden rolls out 100-day plan to bolster US grid cybersecurity
US President Joe Biden has announced a 100-day plan focused on rapidly strengthening US power grid cybersecurity.
ALT/AVE scores £535,000 to combat paper waste in banking
London-based ALT/AVE has received a £535,000 capital injection, which was comprised of a grand and pre-seed funding.
SailPoint joins UK investment body to bolster fight against cyber crime
Identity security firm SailPoint has become a member of The Investment Association – a trade organisation that represents UK investment managers and asset management firms.
India’s RBI bans American Express, Diners Club from on-boarding new customers
The Reserve Bank of India (RBI) banned American Express Banking and Diners Club International from adding new customers, citing non-compliance with data-storage rules.
Bank of England warns of potential risks of cloud data providers
Bank of England (BoE) may tighten controls over cloud data providers and other tech companies to counter potential risks to financial system stability resulting from the rise of FinTech, Deputy Governor Dave Ramsden said.
APRA guidance offers support on tackling climate-related financial risks
The Australian Prudential Regulation Authority (APRA) has issued a draft practice guide to banks, superannuation trustees and insures on managing climate-linked financial risks.
The west is facing a ‘moment of reckoning’ on cybersecurity, GCHQ chief warns
The head of GCHQ has claimed the UK and its allies face a ‘moment of reckoning’ where the global direction of cybersecurity may not be ‘shaped and controlled by the west’.
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.
