Hacker News with Generative AI: Financial Crime

From BigQuery to Lakehouse:How We Built a Petabyte-Scale Data Analytics Platform (trmlabs.com)
At TRM Labs, we provide blockchain intelligence tools to help financial institutions, crypto businesses, and government agencies detect and investigate crypto-related financial crime and fraud.

Data Analytics, Big Data, Blockchain, Financial Crime, Crypto

26 points by Vijayshekhawat 17 days ago | 4 comments

Cryptocurrency Turns to Cash in Russian Banks (2024) (krebsonsecurity.com)
A financial firm registered in Canada has emerged as the payment processor for dozens of Russian cryptocurrency exchanges and websites hawking cybercrime services aimed at Russian-speaking customers, new research finds.

Cryptocurrency, Russia, Cybercrime, Financial Crime, Payment Processing

60 points by lxm 30 days ago | 57 comments

Pyramid Schemes in Albania (wikipedia.org)
The 1997 rebellion in Albania was in large part triggered by the failure of multiple pyramid schemes.

Albania, History, Economics, Financial Crime

8 points by mmsc 32 days ago | 3 comments

AmEx to Pay $108.7M for Deceptive Marketing and "Dummy" Account Information (justice.gov)
The American Express Company (American Express), based in New York, New York, has agreed to pay a $108.7 million civil penalty to resolve allegations that it violated the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA) by deceptively marketing credit card and wire transfer products and by entering “dummy” Employer Identification Numbers in the credit card accounts of its affiliate bank.

Financial Crime, Lawsuits, Banking, Credit Cards

16 points by impish9208 36 days ago | 0 comments

Cryptocurrency Turns to Cash in Russian Banks (krebsonsecurity.com)
A financial firm registered in Canada has emerged as the payment processor for dozens of Russian cryptocurrency exchanges and websites hawking cybercrime services aimed at Russian-speaking customers, new research finds. Meanwhile, an investigation into the Vancouver street address used by this company shows it is home to dozens of foreign currency dealers, money transfer businesses, and cryptocurrency exchanges — none of which are physically located there.

Cryptocurrency, Cybersecurity, Russia, Financial Crime

13 points by DrZootron 65 days ago | 1 comments

LastPass hacked, users see millions of dollars of funds stolen (techradar.com)

Cybersecurity, Data Breaches, Passwords, Financial Crime

11 points by belter 66 days ago | 3 comments

JPMorgan Plans to Report Customers Who Exploited TikTok 'Glitch' to Authorities (wsj.com)

JPMorgan, Financial Crime, TikTok, Social Media, Legal Issues

11 points by bookofjoe 168 days ago | 5 comments

Google took three months to remove scam app that stole over $5M (theblock.co)

Google, Scams, Cybersecurity, Financial Crime, Mobile Apps

360 points by svenfaw 187 days ago | 214 comments

The warring conmen at the heart of a €5B carbon trading scam (theguardian.com)