Over a hundred people were arrested in a sweeping crackdown against a global money-laundering scheme that stole over €12M from American banks through credit card fraud.
Banking, EU/Europe, North America, Regulatory
TRANSATLANTIC ARRESTS: Credit card fraud scheme busted in global AML operation; Europol reveal millions stolen from at least 50 US financial institutions
Image: Contando Estrelas
Banking
UK banks fund police operation responsible for over 100 arrests and millions in seized assets; officers say COVID led to surge in scam activity in 2020
Banking
British Compliance chief calls on firms to invest in compliance; warns against frameworks being relegated to ‘binders on a bookshelf’
Crypto
EXCLUSIVE: Europe’s new AML rules will include provisions to report on crypto-to-crypto transactions for the first time, blocking money laundering gateway
Banking
UK banks fund police operation responsible for over 100 arrests and millions in seized assets; officers say COVID led to surge in scam activity in 2020
Banking
British Compliance chief calls on firms to invest in compliance; warns against frameworks being relegated to ‘binders on a bookshelf’
Crypto