financialcrimecheck

Industries : Financial Services
Type : Fraud
Countries : Global
Short Description : As the global economic downturn begins to grow, resulting in upheaval in financial services due to the credit crunch, investment bankers/traders are increasingly vulnerable to internal fraud due to diminishing salaries/bonuses.

Industries : Financial Services, Accounting, Gaming, Legal, Precious Metal/Stone Dealers, Real-Estate
Type : Fraud
Countries : Global
Short Description : Organisations should be vigilant to the risk of unsolicited letters from apparently legitimate companies offering to reissue unpresented cheques. Often these are scams initiated by fraudsters to defraud individuals and companies, to financial defraud individuals and/or commit identity theft.

Industries : Financial Services
Type : Fraud
Countries : Global, UK
Short Description : Securities/brokerage firms are as vulnerable to attempts by criminals to defraud firms and their customers, as financial institutions/banks are. Criminals will seek to impersonate customers for the purposes of fraud, with the intention of stealing customer funds held in securities and in cash management accounts with brokers.

Industries : Financial Services
Type : Money Laundering
Countries : Global, Africa, South America
Short Description : M(Mobile)-banking usage and availability is increasing throughout the world, with projects that by 2010 - 35 million Americans alone will be actively using mobile banking services. Criminals have also identified the means by which m-banking can be used to perform money laundering.

Industries : Financial Services
Type : Money Laundering
Countries : Global
Short Description : Electronic banking channels, favoured by money launderers for transactional anonymity combined with credit cards for their transportability and flexibility are used to provide a reliable money laundering system for criminals globally.

Industries : Financial Services
Type : Fraud
Countries : Global
Short Description : Digital currencies networks are vulnerable to facilitating the remittance of funds derived from fraud, due to their increasing availability, ease of use, no chargebacks and user anonymity.

Industries : Financial Services
Type : Money Laundering
Countries : Global, North America, USA
Short Description : Automobile finance loans provide an avenue for criminals to launder funds through suspicious disposal of cars. 3rd parties may be used to deliberately inflate the value of cars sold.