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Bitcoin Daily: Russia Says Digital Ruble Could Mitigate Sanction Risk; FinCEN Fines Crypto ‘Mixer’ $60M Over AML Violations

PYMNTS

District Court for the District of Columbia. Attorney’s Office for the District of Columbia and the U.S. As it stands, the individual is being prosecuted in a U.S. Department of Justice’s Computer Crimes and Intellectual Property Section.

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FinCEN reissues real estate Geographic Targeting Orders

Abrigo

Stay up to the date on emerging fraud trends. Fraud Prevention. Reduce false positives so you can focus on the truly suspicious activity. learn more. FinCEN issued guidance in 2017 for GTO responsibilities for financial institutions, and this guidance is still applicable today ( FIN-2017-A003 ). keep me informed. BSA Software.

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Big Fraud, Big FinTech and Big Uber Top Week’s News

PYMNTS

MyPayrollHR Founder Faces $70M Fraud Charge. The CEO and founder of the New York payroll company MyPayrollHR was arrested and charged in a $70 million bank fraud scheme that left hundreds of small businesses across the country scrambling. Visa Partner Launch Eyes $17T Digital Payments Opportunity For FinTechs. Reports and Trackers.

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Buying into AML risks in real estate

Abrigo

Key Takeaways Real estate markets are vulnerable to money laundering and fraud because of their transaction size and appreciation over time. Regulations such as Geographic Targeting Order updates help identify AML risks by requiring identification for certain real estate purchases.

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Bitcoin Daily: US Seeks To Return Funds To Investors From Banana.Fund In Connection With $6.5M Crypto Scam; Alleged Twitter Teen Hacker Has $3M In Bitcoin

PYMNTS

District Court for the District of Columbia. The suit aims to provide official ownership to the U.S. government so it can give the assets back to the victims. It was filed in late July in the U.S. million back and didn’t follow through, CoinDesk reported, citing the forfeiture complaint.

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Visa-Western Union Deal And Alexa’s Roommate Potential Top The Week’s News

PYMNTS

Stripe said the new service is based on Radar, its tool that prevents fraud and protects against future chargebacks. Why AI Is MIA in Most FI Fraud Departments. In the old days, forged checks were the biggest problems that bank fraud departments had to manage. Attorney’s Office for the District of Columbia.

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Fifth Circuit denies rehearing en banc in case with implications for CFPB’s use of administrative law judges 

CFPB Monitor

The underlying case in Jarkesy involved an SEC investigation that resulted in an administrative action against the petitioners in which the SEC alleged that the petitioners had committed securities fraud and sought both monetary and equitable relief. The district court, and subsequently the U.S. The petitioners then sued in the U.S.