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Welcome to our weekly newsletter focused on providing you with the latest news and insights on risk, AML, regulatory technology, and financial crime compliance.
Firstly, A PwC India report indicates that 66% of Indian companies have faced economic crimes, with platform fraud increasing due to the COVID-19 pandemic. Then we have a piece on a report which says that UK has suffered a loss of over £1.2 billion to fraudsters in 2022, highlighting the persistent threat of fraud in the country.
Moreover, Estonia sees the closure of 389 digital asset firms due to the implementation of stringent new laws, signalling a regulatory crackdown on the cryptocurrency industry. Furthermore, the Financial Conduct Authority (FCA) intensifies its crackdown on unregistered cryptocurrency ATMs in Exeter, Nottingham, and Sheffield, as part of ongoing regulatory efforts.
Next, Cybercrime police in Chennai, India, investigate approximately 1,100 SIM card vendors in the state as part of efforts to curb cybercriminal activities. Finally we talk about the anti-piracy coalition ACE (Alliance for Creativity and Entertainment) welcomes DAZN and establishes a sports piracy task force to combat illegal streaming of sports content.
#EconomicCrimes #Fraud #COVID19 #PlatformFraud #PwCIndia #UKFraud #DigitalAssetFirms #CryptocurrencyRegulation #FCA #CryptocurrencyATMs #Cybercrime #SIMCardVendors #Chennai #ACE #AntiPiracy #DAZN #SportsPiracy
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04 Apr 2025
