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Data breach reports in Finance and Insurance sectors up 74% in two years
Friday, 14 September 2018Nesrin Ercan
Data breaches in the finance, insurance and credit sectors reported to the United Kingdom’s Information Commissioner’s Office (ICO) increased by 74 percent in the past two years.
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New IMB report shows persistent piracy risk in Gulf of Guinea
Friday, 20 July 2018Josh LamorenaLondon and Kuala Lumpur, 24 July 2018 – The second quarterly report from the ICC International Maritime Bureau (IMB) shows that all 2018 crew kidnappings have so far occurred in the Gulf of Guinea in...
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2018 CCS Economic Crime Lecture to look at topical Fintech issues
Tuesday, 12 June 2018Nesrin Ercan
A survey by Thomson Reuters in late April found that one in five financial institutions is considering cryptocurrency trading this year.
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Financial institutions embrace AI to tackle money laundering
Friday, 11 May 2018Nesrin Ercan
There are further indications that financial institutions are increasingly teaming-up with technology firms to boost their financial crime fighting capacity by the use of artificial intelligence (AI)...
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Pirate attacks worsen in Gulf of Guinea
Monday, 09 April 2018Josh LamorenaLondon and Kuala Lumpur, 10 April 2018 – A surge in armed attacks against ships around West Africa is pushing up global levels of piracy and armed robbery at sea, warns the International Chamber of C...
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EU speeds up confiscation of criminal assets
Monday, 19 March 2018Nesrin Ercan
It will soon be quicker and easier for EU member states to request that criminal assets be seized and confiscated under recently-adopted new rules.
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Growth of initial coin offerings spark money laundering fears
Monday, 26 February 2018Nesrin Ercan
Switzerland’s Financial Market Supervisory Authority (FINMA) has issued a set of guidelines which support the issuing of initial coin offerings but at the same time seeks to ensure that anti-money la...
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Maritime piracy and armed robbery reaches 22-year low, says IMB report
Tuesday, 09 January 2018Josh LamorenaLondon, 10 January 2018 - A total of 180 incidents of piracy and armed robbery against ships were reported to the International Chamber of Commerce’s (ICC) International Maritime Bureau (IMB) in 2017...
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AI money laundering and banks
Wednesday, 22 November 2017Nesrin Ercan
There are further indications that banks and financial institutions are moving towards using artificial intelligence (AI) to tackle financial crime and boost their anti-money laundering operations.
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4 takeaways from the IMB’s latest global piracy report
Monday, 16 October 2017Josh Lamorena
London, 17 October 2017 – A total of 121 incidents of piracy and armed robbery against ships were reported in the first nine months of 2017, according to the International Chamber of Commerce's (ICC)...
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