International Fraud Prevention Conference

#COVID19: Britain's 'covid generation' of 21 to 30-year-olds are being targeted by #criminals on #socialmedia, luring them into becoming purveyors of illicit funds. Read how this might plunge the already struggling age group into further #economic peril: amlintelligence.com/2021/03/…

In 2020 the Dedicated Card & Payment Crime Unit reported a huge increase in #fraudulent activity in the #UK from March 2020 as #fraudsters profit from people losing jobs, #stayinghome, and living life online as a result of the #pandemic. #IFPC amlintelligence.com/2021/02/…

#Military #cyber response teams went through a live-fire exercise to test the bloc’s ability to bundle its forces in the event of a #cyberattack. The @EUDefenceAgency , aims to enhance cooperation in the field. #IFPC #cybercrimeawareness c4isrnet.com/global/europe/2…

A new investigation by leading #European journalists, data in #Luxembourg’s UBO registry shows the EU member state is a “favoured destination for #oligarchs, tycoons, and royalty looking to snap up some of the continent’s most expensive #realestate.” amlintelligence.com/2021/02/…

2 members of a Romanian crime gang have been arrested for producing fake credit and debit cards and using a skimmer to steal the card details from customers at ticket machines on the London Underground. #fraudprotection #fraud #skimming #crimegang #IFPC rte.ie/news/courts/2021/0203…

The @FBI, the @NSAGov, @CISAgov and the Office of the Director of National Intelligence announced that #Russia is suspected to be behind the massive #cyber espionage campaign uncovered last year despite #Trump's denials. ft.com/content/e61325da-a0ae… #cybersecurity #cybercrime #IFPC

The @EBFeu has warned that any decision to set up a ‘digital euro’ must be backed by a clear need for it, and that it should benefit both people and businesses. #digitaleurope #digitaleuro #digitalcurrencies #banktech #IFPC #AMLintelligence amlintelligence.com/2021/01/…

Cybercriminal gangs are using #malware to target US universities, encrypting their #datamaking them pay a #ransom to get it back. #cybersecurity #COVID19 #cybercrime #covidresearch #IFPC ponderwall.com/index.php/202…

Danish authorities charged two Britons over a €1.3BN tax #fraud and #moneylaundering operation #aml that spanned companies across the globe. #Denmark says it is one of the largest frauds every committed on its territory. amlintelligence.com/2021/01/…

A Russian #Bitcoin expert and alleged #malware creator has been accused of orchestrating a large-scale #fraud campaign that used #ransomware to accrue over €135 million in bitcoin and has been sentenced to 5 years imprisonment for #moneylaundering. amlintelligence.com/2020/12/…

Francesca McDonagh, Group Chief Executive of @bankofireland, talks about the importance of a shared #database in fighting #fraud. "From mid-2019 to mid-2020, Cifas helped us prevent £15.4 million (€17 million) worth of fraud loss. " #IFPC #datasecurity irishtimes.com/opinion/share…

#CyberMonday - its like #Christmas for #scammers & #cybercriminals. Its one of the biggest #onlineshopping days of the year amplified by global restrictions but historically littered with #scams, smishing, fake websites and #identitytheft. #fraudawareness irishtimes.com/news/consumer…

. @Manchester football club admitted it had been #Hacked described as “a sophisticated operation by organised #cybercriminals”. The club reacted quickly & are unaware of a breach of #personaldata associated with fans and customers. @irishexaminer irishexaminer.com/sport/socc…

Singapore has eyes on #digitalcurrency but will aim it at wholesale business rather than everyday transactions. It would be used to facilitate settlements of securities &settle debts among the country’s financial institutions says @MAS_sg @AmlIntelligence amlintelligence.com/2020/11/…

Hackney council experienced an "advanced #cyberattack" in October & warned residents that their services may remain inaccessible for months to come. They are working with the @NCSC and @NCA_UK to investigate the attack. #cybercrime #London #IFPC zdnet.com/article/cyber-atta…

"Using #ArtificialIntelligence to help fight #financialcrime carries the risk of incorporating human prejudice if not done properly", warns Mika Linna, Head of Financial Crime and #Cybersecurity at @FinFinance Read full article: bit.ly/3f37Tkw

A convicted married couple has seen over €25 million of their fraudulent #cryptoassets seized by authorities in The Netherlands in a ‘#deepweb’ #moneylaundering case. #fraud #cybercrime #IFPC amlintelligence.com/2020/11/…

#Binance has been outed for attempting a “bait and switch” scheme to move money illegally while distracting regulators and taught potential clients how to evade geographic restrictions. #cryptocurrency #MoneyLaundering #illegal @AmlIntelligence amlintelligence.com/2020/10/…

#Cybersecurity company, @Nexor revealed that 3,445 U.K. businesses fell victim to #cyberscams during September 2019 to September 2020 - 50% of those cases occurred after #lockdown was enforced. @securitymag #cybercrime securitymagazine.com/article…

Owner of #virtual currency ‘mixer’, #CoinNinja and #Helix has been fined $60 million by the @FinCEN_nUSA for multiple violations of #AML law. The companies exchanged convertible currencies by accepting & transmitting #Bitcoin #cryptocurrencies amlintelligence.com/2020/10/…