Financial

Barclaycard Payments, which processes almost 40 per cent of card transactions in the UK, is to provide merchant customers with real-time fraud detection software from Kount.

https://www.finextra.com/newsarticle/35934/barclaycard-adopts-sca-busting-fraud-module-from-kount

Millions of pounds of laundered criminal money has been recovered by the National Crime Agency after an investigation into a corrupt Liberian business account.

https://nationalcrimeagency.gov.uk/news/nca-recovers-8-million-linked-to-international-organised-crime

Fraudsters are beginning to find the cracks in the armor of blockchains and cryptocurrencies. Initial coin offerings, Simple Agreements for Future Tokens and fake currencies are vulnerable areas. Here’s practical information for warning your organizations and clients.

https://www.fraud-magazine.com/article.aspx?id=4295010599&mkt_tok=eyJpIjoiTVRGa1ltRTJPRFUzTnpoaCIsInQiOiJrRTV3KzZQWlljcE94VFhHNkRoRU4zNHFjMnpTN0dheFR6cUlaUDhsbFpqY28zZFdQR01JVnBvWVFVcFpZUVAyZlpIbVJMZEFlTm9OVWVoNStXdEJJSjg1djJLcld2THRrSGdmeXVUNjF0SkxrNGVSZGJSMkh6ejJBZTgrcXFVMkw2eFl6VlErK0JLMDBQRk9ETnM3UkE9PSJ9#.XsGqIaBJYFc.twitter#.XsGqIaBJYFc.twitter

Two men have been charged with money laundering offences after £90,000 was found in a vehicle attempting to cross the UK border.

https://nationalcrimeagency.gov.uk/news/two-men-charged-in-cash-find-at-the-border

Authorities in London have frozen more than 1.9 million euros (US$2.05 million) held in bank accounts with alleged links to the Italian mafia.

https://www.occrp.org/en/daily/12190-uk-police-seize-2-million-in-money-laundering-sting/

Discover our expectations on how firms should apply their systems and controls to combat and prevent financial crime during this crisis.

https://www.fca.org.uk/firms/financial-crime/financial-crime-systems-controls-during-coronavirus-situation

Just 13 of the 64 banks accredited for the government’s Coronavirus Business Interruption Loan Scheme have implemented Dmarc protection

https://www.computerweekly.com/news/252482942/Banks-failing-to-protect-customers-from-coronavirus-fraud

A driver who was caught trying to sneak nearly £300,000 criminal cash out of the UK just four hours after arriving into the country has been jailed.

Insurance Cares: Report by Consumer Intelligence and Sicsic Advisory shows number of people in the vulnerable customer category has hit 13m.

Voice authentication might sound like a more seamless method of identifying an individual, but it isn’t yet a silver bullet for financial fraud

https://www.raconteur.net/technology/voice-biometrics