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, We begin by highlighting Charlie Javice, the founder of a financial aid startup, who has been indicted for fraud related to her activities at JPMorgan Chase. Next, The European Commission unveils proposed measures aimed at safeguarding European consumers in digital markets, focusing on fairness, transparency, and preventing abusive practices.
Moreover, the brother and assistant of Lebanon’s central bank chief are summoned by France in connection with a fraud probe. Furthermore, A Nevada man is indicted for his involvement in a USD 45 million Metaverse cryptocurrency fraud scheme.
Moving forth, A Hong Kong executive falls victim to a cryptocurrency scam, resulting in a loss of USD 2 million in funds. Lastly, we speak about The Consumer Financial Protection Bureau (CFPB) imposing a USD 9 million fine on Citizens Bank due to fraudulent activities and customer complaints.