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News and resources on financial crime, including fraud, scams, Anti Money Laundering and Know Your Customer.

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Frank founder Charlie Javice formally indicted

Frank founder Charlie Javice formally indicted

Founder of student financial aid assistance company Frank, Charlie Javice, has been formally indicted on charges of defrauding JPMorgan Chase in its $175 million acquisition.

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RegTech startup Amlyze snags $1 million pre-seed investment

RegTech startup Amlyze snags $1 million pre-seed investment

Trends shaping the State of Financial Crime 2023

Trends shaping the State of Financial Crime 2023

CFPB warns banks against creation of fake accounts for fee harvesting

CFPB warns banks against creation of fake accounts for fee harvesting

Tide calls for tax on social media and telcos to fund fight on fraud

Tide calls for tax on social media and telcos to fund fight on fraud

Financial watchdog puts banks on alert over money laundering via the Post Office

Financial watchdog puts banks on alert over money laundering via the Post Office

Bank fraudster jailed

Bank fraudster jailed

US says crooks using DeFi to launder illicit proceeds

US says crooks using DeFi to launder illicit proceeds

EBAday 2023: Agenda now live!

EBAday 2023: Agenda now live!

Cybercrime marketplace shut down

Cybercrime marketplace shut down

Quantexa hits $1.8bn valuation

Quantexa hits $1.8bn valuation

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[Upcoming Webinar] Financial Crime: How regulators are cooperating to combat financial crime[Upcoming Webinar] Financial Crime: How regulators are cooperating to combat financial crime
Financial Crime blogs
 

Technology and training vital in FCA’s Post Office fraud initiative

Monique Melis

Monique Melis - Kroll - London

Banking Regulations  

UK regulators take aim at archaic data management practices

Barry Cashman

Barry Cashman - Veritas Technologies - Reading

Artificial Intelligence and Financial Services  

Hybrid Artificial Intelligence - The Future of Effective Fraud Prevention

Roy Prayikulam

Roy Prayikulam - INFORM GmbH - Aachen

Banking Architecture  

Why now is the time to modernise mainframe data

Steven Rackham

Steven Rackham - NetApp - London

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Latest TV
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Trends shaping the State of Financial Crime 2023

Trends shaping the State of Financial Crime 2023

Iain Armstrong, Practice Lead, Regulatory Affairs, ComplyAdvantage, and Alia Mahmud, Practice Lead, Regulatory Affairs, ComplyAdvantage, discuss the key findings in their recent research report on the state of Financial Crime in 2023, offering insights into what financial institutions need to consider regarding reputational risk and exploring the practices that are navigating compliance process challenges.
The future of resilient CBDC systems & cross-border architecture

The future of resilient CBDC systems & cross-border architecture

Beju Shah, Head of Nordic Centre, BIS Innovation Hub, Bank for International Settlements, speaks at NextGen Nordics 2023, about the Hub's latest projects that are looking into creating resilient CBDC systems, building a new architecture for cross-border retail CBDCs, and using data to combat money laundering across firms and boarders.
Improving security and CX without compromise

Improving security and CX without compromise

Speaking to FinextraTV, Constantin Mareș, EMBA, Chief Digital Officer, OTP Bank Romania, and Seshika Fernando, VP for Banking and Financial Services, WSO2, discuss how to navigate the tension between delivering a good customer experience and meeting the evolving challenges of securing customer data and improving security.
The advantages of behavioural biometrics

The advantages of behavioural biometrics

Speaking at Trust:Live 2023, Chief Architect of LexisNexis® BehavioSec™, Neil Costigan and LexisNexis® Risk Solutions Director of Market Planning, Fraud & Identity, Rob Woods, discuss why behavioural biometrics are important in building digital trust with online users and how this technology is evolving to meet emerging online threats.
The long read
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Arvin Abraham

The tip of the iceberg: Assessing the CFTC’s lawsuit against Binance

Arvin Abraham - UK Fintech Partner, McDermott Will & Emery
Discussion
Tide calls for tax on social media and telcos to fund fight on fraud
Ketharaman Swaminathan

Ketharaman Swaminathan

  Happy to note that the Drunk Under Lamp Post regulation has gone beyond Bank pet whipping boy to include Social Networks and TELCOs but sad to note it hasn't gone far enough to cover Electric Company, et al.  Fraud v Scam: Who Is Liable For Cybercrime

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Tide calls for tax on social media and telcos to fund fight on fraud
A Finextra Member

A Finextra member

  There certainly needs to be a redistribution of wealth and most of these large fintechs are the source of much of the fraud.   The UK is lagging Europe in tackling Fraud - I attend these talking shops that are organised and listen to a lot of Jaw Jaw..... but there is no War War on Fraud....    The guys at www.Wefightfraud.org   they  could do with some serious funding when this fraud tax IS eventually levied.... Why dont we all write to our MP's on this??? 

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Financial watchdog puts banks on alert over money laundering via the Post Office
A Finextra Member

A Finextra member

  Not sure on the implications for the Post Office staff, do they also need to complete the revelant compliance training a member of Bank Branch staff do?

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Everyone’s unfairly guilty, until proven innocent in the eyes of financial regulators
Ketharaman Swaminathan

Ketharaman Swaminathan

  WTF is happening in France? How on earth did the judge sign the search warrant?? (assuming prosecutors who conducted the bank raids bothered to follow due process.) Whatever is happening in the epitome of Liberty, Equality and Fraternity???

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Featured
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UK Home Secretary Suella Braverman launches economic crime plan

UK Home Secretary Suella Braverman launches economic crime plan

Sanctions screening fintech GSS raises $45 million

Sanctions screening fintech GSS raises $45 million

Finextra's year in review

Finextra's year in review

Godfather Android Trojan targets hundreds of banking and crypto apps

Godfather Android Trojan targets hundreds of banking and crypto apps

The long read
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Níamh Curran

FinCrime outlook 2023: ChatGPT, deepfakes and the same old scams

Níamh Curran - Reporter - Finextra
Elsewhere...

  1. New Money Review

    Dark money concerns over Boris Johnson donor

  2. Raconteur

    Challenger banks challenged on fraud

  3. The Guardian

    Credit Suisse leak unmasks criminals, fraudsters and corrupt politicians

  4. Sydney Morning Herald

    'Integrity' of financial system at stake as $1.3b Westpac fine upheld: Federal Court

  5. Quartz

    Uganda’s banks have been plunged into chaos by a mobile money fraud hack

The long read
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Sehrish Alikhan

Netflix’s Skandal! Bringing Down Wirecard and the fintech that deceived us all

Sehrish Alikhan - Editorial Assistant, Finextra