Regulators are stepping up the fight against dirty money. Firms must not only contend with regulatory fines and the impact of these on their operations, reputation and bottom line, there is also the constantly changing nature of the regulation itself.
In Counter Strike: Global Offensive, the multiplayer online game, players can choose to be terrorists or counter-terrorists. Increasingly many of them are choosing to be money launderers.
What are the things that separate con victims from non-victims? Are victims less educated, intelligent, savvy? In a follow-up to our earlier blog ten tell-tale signs of a con, we get behind the psychology of scams to help you falling victim to one.
Druing their presentation at RiskConnect 2019, Bastian Obermayer and Frederik Obermaier, the two investigative journalists behind the Panama Papers leak, explained how they mined huge amounts of data for insights into the murky world of offshore finance.
Fakes are real, big business and counterfeit goods are ubiquitous both on- and offline. The merchants who sell them pose increased risk for the acquirers and payment service providers (PSPs) who provide them with card acceptance.
The noun ‘con’ is short for ‘confidence trick’, a swindle involving money in which the victim’s trust is won by the swindler. Con artists use various well-honed tactics to defraud their victims. As an Underwriter, you should know how to spot them.