FinTech

German authorities have uncovered an alleged €300-million payments fraud that has drawn in former staff and executives at several payment companies, deepening the sector’s long-running crisis years after the collapse of Wirecard.

Chinese authorities have arrested the former chairman of Cambodia’s Huione Group, a financial conglomerate identified as a central player in a global money-laundering network, in the latest escalation of Beijing’s campaign against transnational organized crime in Southeast Asia, The New York Times said.  Li Xiong, a Chinese national and former chairman of Huione Group, was […]

The Federal Trade Commission has warned four of the largest payment processors against denying customers access to financial services because of their political or religious views.

Britain’s Financial Conduct Authority (FCA) defended its decision to award a short-term artificial intelligence contract to Palantir Technologies on Tuesday, telling lawmakers the U.S. firm would not have access to regulatory intelligence as concerns mounted over sensitive data and the growing reach of major technology providers in government.

Switzerland has approved its first comprehensive national strategy for fighting money laundering and terrorist financing, the country’s Federal Council announced Friday. 

The European Commission is preparing to unveil an action plan against digital fraud before the summer as it seeks to strengthen the European Union’s response to a surge in online scams and cyber-enabled financial crime.

Digital money transfers have overtaken cash for the first time in the U.S.-to-Mexico remittance corridor, marking a shift in the world’s largest flow of cross-border family payments and intensifying pressure on traditional cash-based providers.

The U.S. Treasury Department on Thursday announced two new sanctions actions targeting financing and revenue-generation networks tied to Hamas and the Democratic People’s Republic of Korea.

Once celebrated as a philanthropist and real estate magnate, Cambodian tycoon Chen Zhi built a web of political influence and banking relationships that helped shield what authorities now describe as a vast transnational scam and gambling syndicate.

The Justice Department released its first department-wide corporate enforcement policy for criminal matters, establishing a uniform framework for how prosecutors handle corporate cases across the department, except antitrust matters.