Day: June 19, 2023

Written by FinCrime

Banks must raise their game in the fight against fraud

Reported by Bill Lumley Image: Getty Images Banks are meeting their anti-fraud responsibilities by investing heavily in techniques to keep up with the fast-evolving practices of online fraudsters, but they are finding it hard to keep up with the rapidly evolving challenge. This was a key finding of the authors of the 2023 Global Banking […]

Written by FinCrime

‘Perfect storm of investor risk’: SEC enforcement chief pushes back on crypto industry’s ‘regulation by enforcement’ chorus

Reported by LEO SCHWARTZ On Friday, Gurbir Grewal, the SEC’s director of enforcement, pushed back against criticism from industry participants that his agency is engaging in “regulation by enforcement,” arguing that crypto represents a “perfect storm of investor risk” that needs to be addressed through existing securities law. null At an event in Midtown Manhattan hosted […]