The African Development Bank (AfDB) has confirmed that a fund it launched to help finance anti-corruption projects has been untouched since it was created seven years ago.
Ukraine’s largest bank has accused its previous owners of large-scale fraud at a trial taking place at London High Court this week.
RiskBusiness has now been providing governance, risk, audit and compliance solutions and content for 20 years. A lot has happened in those two decades, including events that have permanently shaped the landscape of the financial services sector.
Three people have been convicted for investment fraud and sentenced to a total of 24 and a half years for their roles, in a prosecution brought by the UK’s Financial Conduct Authority.
A lawsuit alleging that JPMorgan missed several suspicious transactions allowing the theft of US$272m from one of its clients, will now go ahead
Our latest blog takes an updated look at SPACs and their potential risks as the market comes under heavy scrutiny from US regulators
The Zelle payments scam debate: should banks be responsible for refunding victims of fraud and what are the potential implications if this is the case?
In a bid to help financial institutions keep up with developments in payments system fraud, the EBA has made the latest version of its fraud taxonomy publicly available.
The new Economic Crime and Corporate Transparency Bill will focus on tightening rules around registering a company in the UK, with the hope of reducing fraud and money laundering via the use of shell companies.
The UK Government released latest performance data for its Covid Bounce Back loan scheme earlier this week, revealing £1.1bn worth of fraud.
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