Reported by Keith Griffith The U.S. Treasury Department has issued a new rule that aims to prevent nefarious actors from using residential real estate deals for money laundering. The final rule issued on Wednesday will require real estate professionals to report the true identity of all-cash homebuyers who use shell companies or other legal entities […]

Reported by Carter Pape Telegram’s role in fraud and cybercrime Telegram plays a “significant role” in enabling fraud and scams, according to Greg Williamson, senior vice president of fraud reduction for BITS, the technology policy division of the Bank Policy Institute. Specifically, the platform serves as a “how-to” channel for illicit actors to share information […]