Reported by Alan Wooten | The Center  Carolinas attorneys general believe a social media app originating out of China owned by Tencent is money laundering and tied to fentanyl trafficking. The drug, a synthetic opioid the CDC says is up to 50 times stronger than heroin and 100 times stronger than morphine, is a key […]

Reported by Morning Brew and The Wall Street Journal

Reported by ScreenlyyID ScreenlyyID, a global fraud management company specializing in remote identity verification, Know Your Customer (KYC), and Anti-Money Laundering (AML) compliance, launched its Free-for-Life KYC and AML Plan. The new initiative seeks to address cost and integration challenges that often prevent smaller organizations from efficiently managing regulatory requirements. Many early-stage companies face high […]

Reported by Lisa Bonos Clement Anthonioz, a 38-year-old telecommunications professional, walked into a sleek store in the Union Square shopping district Thursday and stared into a white orb as it scanned his iris to generate his “proof of personhood.” It was opening day for one of six U.S. storefronts promoting World, a digital identity system […]

Reported by Carter Pape Experts from Barclays and Threat Fabric, as well as the National Retail Federation (NRF) and Target, introduced their respective efforts to develop so-called fraud “kill chains” to map and understand the structure of economic crimes. The fraud kill chain Download White Paper from here: The model from Barclays and Threat Fabric […]

Reported by Trey Yingst

Reported by Margot Sanger-Katz and Sarah Kliff In 1989, New Hampshire’s Republican governor, Judd Gregg, had a gaping budget hole he didn’t know how to fill. His health secretary came up with a solution: a tax maneuver he’d learned through the grapevine that would force Washington to send the state millions in extra Medicaid funds. It was […]

Reported by Rob Davies UK offshore havens have missed a deadline to publish their plans to improve corporate transparency, as MPs criticised the British Virgin Islands (BVI) in particular for launching a financial crime-fighting cartoon mascot before new legislation. Jurisdictions including the BVI and Bermuda pledged last year to approve laws allowing access to company ownership data to those […]

Reported by FinCEN Original alert attached here: (Shortened version featured below) The U.S. Department of the Treasury’s (Treasury) Financial Crimes Enforcement Network (FinCEN), in coordination with Treasury’s Office of Foreign Assets Control (OFAC) and the U.S. Drug Enforcement Administration (DEA), Federal Bureau of Investigation (FBI), and Homeland Security Investigations (HSI), is issuing this Alert to […]

Reported by EVE