Fraud

Is TD Bank Facing Systemic AML Failures After Employee Arrests?
Regulatory & Compliance Is TD Bank Facing Systemic AML Failures After Employee Arrests?

The recent indictment of Leonardo Ayala, a former TD Bank employee in Florida, has unveiled a troubling scenario involving money laundering charges that could have significant repercussions. Ayala, who was employed at TD Bank's Doral, Florida branch from February to November 2023, faces

How Did Beijing Karbon Deceive the Carbon Credit Market for a Billion Euros?
Capital, Risk & Assets How Did Beijing Karbon Deceive the Carbon Credit Market for a Billion Euros?

The article delves into an elaborate scheme orchestrated by a Chinese company, Beijing Karbon, to deceive the carbon credit market. Carbon credits, essentially permits that allow a company to emit a certain amount of carbon dioxide or other greenhouse gases, can be bought, sold, or traded. These

How Did Jose Goyos and Nine Others Defraud Medicare of $67 Million?
Regulatory & Compliance How Did Jose Goyos and Nine Others Defraud Medicare of $67 Million?

In a significant court ruling that underscores the ongoing challenges in the fight against healthcare fraud, a Florida man, Jose Goyos, has been sentenced to 15 years in prison for his involvement in a massive healthcare fraud and money laundering scheme valued at $67 million. The intricate

What Led to the Barings Bank Collapse? Lessons in Compliance and Risk
Regulatory & Compliance What Led to the Barings Bank Collapse? Lessons in Compliance and Risk

The Barings Bank collapse remains one of the most notorious financial scandals in modern history. The scandal centered around rogue trader Nick Leeson, whose fraudulent activities led to the bankruptcy of one of the United Kingdom's oldest banks. A key episode in the podcast series "The

Are Citibank's Fraud Protections and Samsung's AI Readiness Lacking?
Regulatory & Compliance Are Citibank's Fraud Protections and Samsung's AI Readiness Lacking?

Today's major corporations face multifaceted challenges as they navigate an evolving landscape of consumer expectations and technological advancements. Citibank’s struggles with legal issues related to fraud prevention and Samsung’s difficulties in meeting soaring demand for AI technology ill

Revolut Criticizes Meta's Fraud Measures, Calls for Accountability
Regulatory & Compliance Revolut Criticizes Meta's Fraud Measures, Calls for Accountability

To combat financial fraud, global cooperation and accountability are essential. However, Revolut, a major U.K. FinTech firm, believes that current efforts by tech giants like Meta are falling short. Revolut's criticism has catalyzed a broader conversation about the role of tech companies in

Loading

Subscribe to our weekly news digest.

Join now and become a part of our fast-growing community.

Invalid Email Address
Thanks for Subscribing!
We'll be sending you our best soon!
Something went wrong, please try again later