KYC
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Fallout from Market Financial Solutions – more regulation, greater scrutiny, tighter enforcement?
Private credit lenders should expect to see lenders introducing a more vigorous system of checks on security.
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FCC proposes stronger KYC rules and penalties on voice service providers
Comment sought on requiring originating providers to obtain identification information from new and renewing customers and on retaining the data for a set duration.
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CFTC rejects “regulation by enforcement” while touting muscular enforcement plan
CFTC leaders say the agency is narrowing, not weakening, its enforcement focus.
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Global pharmaceutical syndicate dismantled
The sheer scale of the operation highlights the borderless nature of health-related financial crime.
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Former NY bank employee pleads guilty to laundering medical device fraud proceeds
The DOJ said a former Bank of America relationship manager helped launder more than $8m on behalf of an international criminal organization.
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Video: UK Government U-turns on mandatory Digital ID plans amid privacy pushback
GRIP’s Senior Reporter Carmen Cracknell and Commissioning Editor Jean Hurley discuss the intersection of digital identity and the UK’s fraud crisis.
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Sixth SEC crypto roundtable addresses surveillance and privacy tech
Statements by SEC commissioners indicated that maintaining privacy in financial affairs is a critical agency goal, and that individuals should be free to use privacy tools without triggering heightened scrutiny.
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Video: Former police veterans Woods and McClements discuss fraud and investigation
Advice and opinion on best practice for both public and private sectors on how to detect and defeat fraud.