Author: CCI
Publisher: CCI
ICC FraudNet’s newly-appointed co-Executive Directors Babajide O. Ogundipe and Michele Caratsch speak to Commercial Crime International about their plans for FraudNet, trends in asset recovery and the importance of knowing the industry your clients are in.
FRAUD
*Tech Support Fraud continues to be a growing problem, warns the FBI while cautioning that Business Email Compromise (BEC) is evolving and remains a risk.
CORRUPTION
*A Hogan Lovell’s report indicates that businesses are finding that new technology such as chat apps are making it harder to monitor bribery and corruption.
*The Swiss Financial Market Supervisory Authority has sanctioned private bank Julius Baer over the PDVSA and FIFA scandals.
MONEY LAUNDERING
*The European Banking Authority has published its first Report on competent authorities’ approaches to the anti-money laundering and countering the financing of terrorism supervision of banks
COUNTERFEITING
*The demand for authentication devices are set to drive holography use.
CYBERCRIME
*2019 was the biggest year for cryptocurrency scams yet, according to Chainalysis’ 2020 Crypto Crime Report.
*ICC Commercial Crime Services is organising an Internet Intelligence Course How to Find, Manage and Use Online Information More Effectively.