Abrigo

SEPTEMBER 20, 2023

How financial institutions can prevent losses from 1st-party fraud Learn strong approaches to identifying, preventing, and detecting 1st-party fraud that will keep your AML program on top of fraud trends. Takeaway 3 Prevention and detection best practices can curb hard dollar 1st-party fraud losses while protecting clients.

Fraud 195

Fraud Cards Trends Software 195

Abrigo

SEPTEMBER 30, 2024

Streamline fraud and AML efforts Financial institutions that combine fraud and AML/CFT alerts into a single transaction monitoring system can strengthen defenses and improve efficiency. One critical shift is the integration of fraud and AML/CFT alerts through shared AML case management systems.

Management 195

Management Fraud Software Compliance 195

Abrigo

JUNE 13, 2022

Elder fraud prevention and education Learn strategies for recognizing and reporting elder fraud and exploitation. . Takeaway 1 Elder abuse, exploitation and fraud continue to rise as the baby boomer generation ages. Takeaway 3 Education and reporting are key to preventing this type of fraud, so know your state's policies. .

Fraud 195

Fraud Training United States Survey 195

Abrigo

MARCH 4, 2022

Synthetic ID fraud is growing quickly and hurts FIs and customers Knowing the schemes associated with synthetic identity fraud and how criminals avoid detection can help minimize losses. Takeaway 1 Synthetic identity fraud is a growing form of identity theft in which an individual is impersonated by using stolen information.

Fraud 195

Fraud Cards Software Trends 195

Abrigo

DECEMBER 10, 2019

Elder financial exploitation and elder fraud are rising at an alarming rate as they continue to be serious crimes in the United States. An increase in financial crime and fraud against the elderly is expected to continue to climb as the baby boom population (those born before 1964) age. billion annually.

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Fraud Study United States Training 284

PYMNTS

MARCH 3, 2020

Two Chinese nationals were charged by the U.S. North Korea continues to attack the growing worldwide ecosystem of virtual currency as a means to bypass the sanctions imposed on it by the United States and the United Nations Security Council. national security,” said Don Fort, chief, IRS-CI. “We

National 142

National cryptocurrency United States Security 142

PYMNTS

AUGUST 26, 2019

As reported, many of those indicted are Nigerian nationals. The Hill reported that the 252-count indictment was unsealed after authorities arrested 14 of the defendants in the United States; 11 of them had been based in Los Angeles; the remainder are outside the United States. billion stolen by victims.

Fraud 145

Fraud Online Portland Los Angeles 145

PYMNTS

JANUARY 8, 2021

Equifax has inked a deal to purchase artificial intelligence (AI)-powered fraud prevention and digital identity technology provider Kount for $640 million. Kount’s staff members will become a part of Equifax’s United States Information Solutions (USIS) business unit and will still be based in Boise, Idaho, according to a Friday (Jan.

Idaho 295

Idaho Fraud United States Customer Experience 295

PYMNTS

JULY 21, 2017

If a data breach is a sprint — where a fraudster grabs as much data as he or she can, as quickly as possible, in an effort to maximize ill-gotten gains — the fight against fraud is a marathon. Fraud varies country to country, region to region. Europe may offer a tell on the fraud to come. A marathon that never ends.

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Fraud United States Regional Cards 116

Abrigo

JULY 9, 2024

Takeaway 2 Financial institutions will need to incorporate FinCEN's national AML/CFT priorities into their risk assessments and compliance programs. financial system and national security and aim to ensure institutions focus on the most pressing risks. This will be a dynamic process as events in the global environment evolve.

Compliance 221

Compliance Fraud Regulation National 221

PYMNTS

MAY 10, 2018

After nearly three years, the transition to EMV in the United States still has its challenges. In an interview with PYMNTS, National Business Systems VP David Riley noted a lack of awareness in the field for smaller firms across several verticals.

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National System United States Fraud 130

PYMNTS

DECEMBER 20, 2018

The United States Department of Justice announced on Thursday (Dec. 20) that it’s bringing charges against two Chinese nationals for an alleged global hacking campaign that affected multiple companies and military branches, including 100,000 members of the U.S. Navy, CNBC reported. The men are at large.

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Company United States National Fraud 164

Abrigo

JANUARY 17, 2024

FinCEN data shows that human trafficking in the United States takes place in a wide variety of industries—hospitality, agriculture, janitorial services, construction, restaurants, domestic work, and so on.

Training 259

Training Community Software Texas 259

Abrigo

JUNE 27, 2023

Key Takeaways Real estate markets are vulnerable to money laundering and fraud because of their transaction size and appreciation over time. The Association of Real Estate License Law Officials estimates that there are more than 3 million active real estate licensees in the United States. In 2017, over 5.51

El Paso 195

El Paso United States Miami New York City 195

Abrigo

JUNE 8, 2022

Takeaway 3 Anti-Money Laundering and Fraud monitoring software can help combat this serious crime. World Elder Abuse Awareness Day is an international United Nations observance day commemorated each June 15 by most countries around the globe. Reports of abuse in this demographic is one of the most common in the United States.

Training 195

Training Fraud National Resources 195

PYMNTS

DECEMBER 13, 2020

Department of Commerce and its National Telecommunications and Information Administration unit discovered Friday (Dec. 12) emergency meeting of the National Security Council at the White House, Reuters reported. 11) and over the weekend were severe enough to trigger a Saturday (Dec.

US 270

US National United States Security 270

PYMNTS

FEBRUARY 6, 2020

At the end of 2018 , the United States Department of Justice (DOJ) said it was going to charge two Chinese nationals for a hacking campaign that affected multiple companies and the military, including 100,000 members of the U.S. They also targeted “the personally identifiable information of more than 100,000 Navy personnel.”.

United States 151

United States US National Fraud 151

Abrigo

JANUARY 3, 2024

The final access rule does not dictate how to receive consent and allows for flexibility based on differences in FIs across the nation. FinCEN is conducting outreach to educate businesses by holding national briefings and issuing fact sheets, Q&A, and videos. We can help you navigate changing AML/CFT and fraud regulations.

Fraud 221

Fraud Regulation Report Compliance 221

PYMNTS

OCTOBER 13, 2020

Across the globe, terrorists and criminals are leveraging cryptos in what is gearing up to be a significant national security threat to the United States. billion of cryptocurrency reportedly was lost to theft or fraud – double that of the previous year. That’s according to the U.S.

cryptocurrency 206

cryptocurrency United States social media Regulation 206

PYMNTS

JULY 4, 2017

Hackers are on the lookout for new ways to attack, and now it looks like developing nations may be a favored conduit. In one example, malicious software is being traced to India, where once it would have been more readily housed in the United States. Looking for new hotbeds of innovative malfeasance?

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National United States New York Study 112

PYMNTS

JUNE 16, 2020

They spoke before the Subcommittee on National Security, International Development, and Monetary Policy Tuesday. In terms of legislation, Senn said NASAA supports the “Senior Investor Pandemic and Fraud Protection Act” and the “COVID-19 Restitution Assistance Fund for Victims of Securities Violations Act.”.

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US Cyber Security Security National 227

PYMNTS

JANUARY 12, 2021

Organized crime rings are taking advantage of the pandemic, looser police enforcement and a softening in anti-shoplifting laws to swipe tons of merchandise from retail stores and warehouses across the United States. He said the problem also includes things like complex returns fraud, cyber frauds, near-perfect counterfeiting and more.

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Retail Florida San Francisco Sacramento 226

PYMNTS

AUGUST 22, 2019

Justice Department has announced charges against 80 people, most of them Nigerians, in a wide-ranging fraud and money laundering operation that netted millions of dollars from victims of internet con jobs, as reported on Thursday (Aug. It was not immediately known whether the Nigerian nationals will be extradited to the U.S.,

Los Angeles 113

Los Angeles Fraud United States National 113

PYMNTS

DECEMBER 21, 2018

The increase can be attributed to China’s request for thousands of devices’ worth of data during one fraud investigation. It received anywhere between 0 and 499 national security orders. The other top requesters were the United Kingdom, Turkey, France, India and Germany, with 13.7 percent, 6.4 percent, 6.2 percent, 5.1

Apple 128

Apple Data United States Report 128

Abrigo

FEBRUARY 6, 2020

foreign policy and national security goals to secure the global financial system and protect the United States from the threats of terrorism, human and drug trafficking, and economic damages. Join other BSA/AML and fraud professionals at the leading industry conference April 19-22! register today.

United States 195

United States Compliance Strategy National 195

PYMNTS

NOVEMBER 19, 2019

The United States Federal Emergency Management Agency (FEMA) has revealed that it might look into using blockchain technology to streamline disaster insurance payouts, as well as speed up its response to disasters.

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blockchain Puerto Rico Virgin Islands United States 217

PYMNTS

NOVEMBER 25, 2020

IP Accelerator was rolled out in the United States last year. The news comes as the National Intellectual Property Rights Coordination Center (IPR Center) and Amazon have launched a joint operation to stop counterfeit merchandise from entering the United States. Patent and Trademark Office.

United States 170

United States Branding National Security 170

Abrigo

APRIL 2, 2020

Key Takeaways Elderly persons are more susceptible to fraud during crises like the coronavirus pandemic. As the coronavirus pandemic takes a powerful hold on the United States, illicit activity such as cybercrime, check fraud, and other scams are rapidly increasing and is expected to continue throughout this difficult period.

Fraud 335

Fraud Resources Software Training 335

PYMNTS

JANUARY 13, 2021

With the national trust bank charter, South Dakota-based Anchorage will become Anchorage Digital Bank , National Association. The OCC conditionally approved the charter, meaning Anchorage had to agree to comply with certain capital and liquidity requirements, as well as the OCC’s risk management rules, the release stated. “The

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South Dakota Digital Banking Bitcoin cryptocurrency 131

CFPB Monitor

JULY 6, 2021

The Priorities purport to identify and describe the most significant AML/CFT threats facing the United States. A prime example of this problem is the inclusion of “fraud” as a Priority. This Priority is not specific, like “securities fraud,” or “e-mail compromise scheme fraud” – it’s just “fraud,” with no qualification.

United States 78

United States Fraud Regulation Compliance 78

Abrigo

JUNE 10, 2019

It is an international United Nations observance day that is commemorated by most countries around the globe on June 15. The National Adult Protective Services Association defines EFE as when a person misuses or takes the assets of a vulnerable adult for his/her own personal benefit. Fraud Prevention. Fraud Prevention.

Fraud 150

Fraud Training National United States 150

PYMNTS

JUNE 13, 2019

It’s undeniably advantageous to the world economy, with a recent study finding that national digital ID systems could induce GDP growth of up to 13 percent. Experiencing such gains comes with risks, however, as digital IDs have presented new and underexplored avenues for fraud. More than 4.5

Security 129

Security blockchain United States San Francisco 129

PYMNTS

OCTOBER 1, 2020

customers, it was required to implement an AML program that included a ‘know your customer’ or ‘KYC’ component but chose to flout those requirements,” the release stated. One of the indicted individuals was arrested in the United States, while the others have not been found, according to the release.

United States 135

United States Bitcoin National Technology 135

PYMNTS

SEPTEMBER 11, 2019

Fraud Trends. According to an earlier analysis of this particular fraud trend, Ronnie Tokazowski , senior threat researcher at Agari , said, “For trends that we’re seeing, actors have been asking for gift cards instead of wire fraud, but still engage with wire fraud as well. It’s gone,” the report stated.

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Fraud social media Cards Bitcoin 163

PYMNTS

JUNE 25, 2020

Financial software and technology giant FIS is teaming up with credit scoring company FICO to roll out a new anti-money laundering (AML) platform as concerns rise over fraud and the global flow of dirty cash amid the pandemic. The number for the United States alone is $300 billion, according to the U.S.

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Jacksonville Compliance United States System 146

PYMNTS

JANUARY 1, 2021

The watchdog would be known as the Digital Markets Unit. Divestitures In The United States — And Abroad? . Treasury Secretary Steven Mnuchin said in a prepared statement that the new proposed rule “addresses substantial national security concerns” tied to these currencies.

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Regulation social media Course Apple 352

PYMNTS

SEPTEMBER 21, 2020

In a statement to BuzzFeed, the Treasury Department said “the unauthorized disclosure of Suspicious Activity Reports (SARs) is a crime that can impact the national security of the United States, compromise law enforcement investigations, and threaten the safety and security of the institutions and individuals who file such reports.”.

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Report North Carolina United States New York 279