Fraud

UK Finance, the prominent banking trade association, has issued a call to action for the next government to implement policies that will stimulate economic growth and promote financial participation.Their Financial Services Statement…

Rashawn Russell, a former investment banker, was sentenced to 41 months in prison for cryptocurrency-related wire fraud and access device fraud. Russell was sentenced in Eastern New York District Court in Brooklyn after…

Shares of Trump Media and Technology Group, which owns the social networking site Social truthStock prices fell on Thursday following the conviction of former President Donald Trump in his hush money trial. New York jury Trump was found…

Terraform Labs and its founder, Do Kwon, have reached a settlement with the US Securities and Exchange Commission (SEC) following fraud allegations surrounding the collapse of the TerraUSD stablecoin, Reuters reports. The agreement, which…

Swift has announced the launch of two artificial intelligence (AI) pilot programs in collaboration with major global banks to enhance fraud detection in cross-border payments. The initiative aims to leverage AI technology to save the…

Ryan Salama, who was a high-ranking executive at cryptocurrency exchange FTX, was sentenced to more than seven years in prison on charges of fraud and conspiracy to operate an unlicensed money transfer business, the Financial Times…

Prominent US-based cryptocurrency exchange Coinbase has announced the launch of a new initiative called “Technology Against Scams” ​​alongside industry leaders Meta, Ripple, Gemini, Kraken, Match Group, and GASO. This…

A London court has sentenced a Singaporean woman, Wen Jian, to six years and eight months in prison for her role in laundering Bitcoin (BTC) linked to a stunning $6.4 billion Chinese scam. The case, which involved the seizure of more than…

Mastercard's recent moves paint a fascinating picture of the current state of digital trust. On the one hand, They are joining forces with the United Nations Development Programme (UNDP) to address the global epidemic of digital…

Twenty-three years after Enron filed for bankruptcy, not much has changed regarding the culture of whistleblowing and reporting internal fraud. Although 56% of financial professionals reported that they had detected or suspected fraud…