Browsing: fraud

New tools, new partnerships and a new focus on combating increasingly complex fraud schemes will take center stage in the new year. This could be a…

Unlock the Editor’s Digest for freeThe UK Serious Fraud Office spent £16.2mn on its botched corruption investigation into the oil consultancy Unaoil, almost a third of…

Stay informed with free updatesThe US Consumer Financial Protection Bureau has sued JPMorgan Chase, Bank of America and Wells Fargo for allegedly failing to protect customers…

Rohit Chopra, director of the CFPB, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled “The Consumer Financial Protection Bureau’s Semi-Annual Report to…

Consumer Financial Protection Bureau Director Rohit ChopraBloomberg News The Consumer Financial Protection Bureau sued Zelle and three of the largest banks—Bank of America, JPMorgan Chase, and…

Unlock the Editor’s Digest for freePrize-winning racehorses and a Newcastle nightclub were financed by John Dance using £64mn of client funds taken from his wealth-management firm,…

In 2024, the overall rate of fraud targeting both consumers and financial institutions decreased, but at least for consumers, these schemes became more costly. It’s a…

Unlock the Editor’s Digest for freeA British hedge fund trader at the heart of Europe’s sprawling “cum-ex” dividend scandal has been sentenced to 12 years in…

Federal Reserve Gov. Michelle BowmanBloomberg News Federal Reserve Gov. Michelle Bowman said Friday morning that regulators need to revisit some of their regulations covering check fraud,…

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