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Latest Results from /crime

/crime

EBA warns of money laundering risk in fintech sector

The ongoing digitalisation of financial services has increased the risk of money laundering (ML) and terrorist financing (TF), according to the European Banking Authority (EBA).

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PayPal to bring 100 AI and data science jobs to Dublin

PayPal is creating 100 jobs through the creation of an AI and fraud data science centre in Dublin.

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Wise hit with $4.2 million fine by multiple US states for AML deficiencies

Money transfer giant Wise has been hit with a $4.2 million fine from multiple US state regulators over deficiencies in its anti-money laundering controls.

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Monzo slapped with £21 million fine for AML failings

The UK's Financial Conduct Authority has fined neobank Monzo £21,091,300 over its "inadequate" anti-financial crime systems and controls that were in place between October 2018 and August 2020

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NAB charged $751,000 in penalties for breaching consumer data protection rules

National Australia Bank (NAB) has paid A$751,000 in penalties after being issued four infringement notices from the Australian Competition and Consumer Commission (ACCC) for not complying with the Consumer Data Right (CDR) Rules.

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Regulators pull the plug on rogue 'finfluencers'

As described by the UK's FCA, finfluencers are "social media personalities who use their platform to promote financial products and share insights and advice with their followers."

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Binance civil enforcement action dismissed by SEC

In June 2023, The Securities and Exchange Commission filed charges alleging that the crypto asset trading platform committed a variety of securities law violations.

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EBAday 2025: What is the implementation feasibility of VoP and instant payments?

At EBAday 2025, two expert panels explored the challenges of Verification of Payee and fraud prevention, as well as how growing volumes of instant and real-time payment systems impact PSPs and their customers.

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EBAday 2025: Strategising for instant payments and financial crime

The afternoon sessions in the main stream focused on strategising for instant payments and financial crime.

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Temenos Community Forum welcomes an era of innovation, customer centricity and agentic tools

Temenos CEO Jean-Pierre Brulard opened this year’s Temenos Community Forum (TCF), in Madrid, Spain, with an impassioned speech focused on customer and partner gratitude.

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Cyber attacks keep me awake at night - HSBC UK boss

The boss of a UK high street bank has told a panel of politicians that the possibility of a cyber attack "keeps me awake at night".

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1.2m UK customers affected by February bank outages

A major outage suffered by UK high street banks on the last Friday of February affected more than 1.2m customers, according to a recently released House of Commons report.