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Report: FinCEN Files Reveal Billions In Suspicious Money Flows

PYMNTS

Among the scams highlighted include HSBC in Hong Kong, which allowed a $15 million Ponzi scheme to move its money even after the business was being barred from operating in three states. Since 2010, prosecution has been delayed by 18 banks for anti-money laundering, according to BuzzFeed.

Report 279
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South Africa Government Losing Billions To Trade Mis-Invoicing

PYMNTS

Analysts estimate the South African government has lost a total of about $37 billion as a result of misinvoicing in its global trade operations. billion every year in what would have been government revenue between 2010 and 2014. The think tank estimates that annual under-invoicing on imports to South Africa is valued at $16.3

Taxes 122
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What Iran Can – And Won’t – Do In A Cyberwar

PYMNTS

Visner of the National Cybersecurity Federally Funded Research and Development Center (FFRDC) — managed by nonprofit MITRE , in support of the NIST National Cybersecurity Center of Excellence — said it’s important to put the cyberthreats, and Iran’s willingness to deploy them, in context. . … cloaked well enough so that the U.S.

National 145
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Shadow Brokers Posted A New Leak From NSA

PYMNTS

Shadow Brokers, the group behind the publishing this past August of National Security Agency hacking tools, has posted a new leak that the group said showcases hundreds of organizations the NSA targeted over greater than a decade. It also included the methods behind intelligence operations, noted the report. 22, 2000, and Aug.

Groups 100
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NiceHash Hack Exceeds $64M In Bitcoin

PYMNTS

The firm reported it had stopped its mining operations for approximately 24 hours as of Thursday (Dec. In separate NiceHash news, the company announced its chief technical officer had been arrested and imprisoned for his work on the Mariposa virus, a 2010 cyberattack that impacted and infected millions of computers worldwide.

Bitcoin 105
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FinCEN AML/CTF Priorities Part 4: Counterproliferation

Abrigo

North Korea has been silently ramping up their nuclear capabilities for years despite increasingly tough comprehensive United Nations sanctions in place since 2006 that have banned most of the country’s exports and severely limited its imports. Both were added to OFAC’s SDN List on June 27, 2013.

National 195
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Data privacy: How to keep customer data safe

Independent Banker

The privacy of customers’ personal information is at the forefront of every community banker’s decisions, says Steven Estep, ICBA assistant vice president of operational risk. Attackers’ skills now are very advanced compared with even five or 10 years ago, and serious attacker groups are dramatically more skilled than 2010 and prior.”.

Data 91