Reported by AFP The Vienna leg of a tour by American mega-star Taylor Swift has been cancelled after Austria arrested an Islamic State sympathiser in connection with an attack plot, the organisers said Wednesday. Authorities had earlier confirmed the arrest of a 19-year-old sympathiser of the armed group for allegedly planning an attack in the […]
Reported by FinTech Global Ever since its launch in November 2022, Generative AI has been the topic of discussion on everyone’s lips when it comes to discussing transformational technology. In the area of KYC, could we expect Generative AI to have significant long term impacts? In the view of Ted Datta, senior director, head of […]
Reported by Mark Dittli Paul Tucker warns against dismissing the end of CS as an isolated incident that cannot happen again. It was the first major global systemically important bank to go under since the global financial crisis of 2008, and its fall has important lessons to teach: for Switzerland in its dealings with UBS, […]
Reported by Edoardo Anziano It all starts in Spain in August 2006. Inside a villa in the Andalusian city of Marabella, on the Costa del Sol, the brothers-in-law Raffaele Amato and CesarePagano meet up. Pagano lives in the rented villa along with the rest of his family. Amato and Pagano are the bosses of the Scissionisti Camorra clan — they are […]
Reported by Ronny Reyes The United Nations admitted Monday that nine employees of its controversial agency for Palestinian refugees, UNRWA, “may have been involved” in Hamas’ brutal Oct. 7 terrorist attack on Israel. The UN’s Office of Internal Oversight Services said its probe into 19 UNRWA staffers accused of aiding in the massacre found that nearly half of […]
Reported by NORA GÁMEZ TORRES and ANTONIO DELGADO The Biden administration had agreed to lift sanctions on Venezuela and promised the return of normal relations if the opposition could participate in competitive presidential elections, according to a deal secretly signed in Qatar last year that leader Nicolas Maduro made public on social media. Maduro published the […]
Reported by Braddock Stevenson The revised rules’ renewed emphasis on innovation, and their requirement that financial institutions ensure their operational program requirements are US-based, also carry potential impact. To drive innovation and effective programmatic changes and reduce regulatory hindsight, banks and other financial institutions should consider several steps. Develop data-driven measurements for risk over qualitative […]
Reported by Lisa Cavazuti For much of his career as a federal drug agent, Ray Donovan had a singular focus: the capture of Mexican cartel boss Joaquin “El Chapo” Guzman. When Guzman was finally arrested in early 2014, fentanyl trafficking was on the rise in the U.S., and Donovan soon found his next project. He enlisted a data […]
Reported by Lananh Nguyen NEW YORK (Reuters) -Wells Fargo is being investigated by government authorities over issues in its anti-money laundering and sanctions programs, the bank said on Thursday in a filing. The company did not specify which government was inquiring about its practices. Read full report: https://finance.yahoo.com/news/wells-fargo-faces-government-probe-215048093.html
Reported by Bruce Kelly David Gentile, founder and CEO of GPB Capital Holdings, and Jeffry Schneider, broker-deal chief, were founder guilty on all fraud counts they faced on Thursday morning in a seven-week trial in federal court in downtown Brooklyn. The 12-person jury found Gentile guilty of all five counts he faced; conspiracy to commit […]
Financial Crime News Briefs 