December 2024 – Page 7

BIS and Bank of England Seek Consultants for Financial Crime Initiative

The London innovation hub of the Bank for International Settlements is seeking applications for an expert advisory group on a project led by the Bank...

Siemens Launches €300 Million Digital Bond Utilizing Blockchain Technology

Siemens has launched its second digital bond on blockchain technology to support the European Central Bank and Deutsche Bundesbank's digital ledger trials. The €300 million...

Elmore and Green Swan Introduce Insurance Coverage for APP Fraud Protection

Elmore Insurance Brokers has partnered with RegTech company Green Swan Compliance to create an Authorised Push Payment (APP) Fraud Reimbursement Insurance product tailored for eligible...

Barclays Acquires GM Card Business from Goldman Sachs

Barclays Bank has acquired the General Motors credit card business from its current issuer, Goldman Sachs. The GM credit card portfolio, which launched in 1992,...

Amber Alert Issued by NCA: Warning About Rampant Artwork Money Laundering

The UK’s National Crime Agency (NCA) has issued an amber alert aimed at mitigating the risk of money laundering within the art storage sector. The...

Collaboration: The Essential Ingredient for Effective Fraud Management

In a closing session at EBAday 2024 in Lisbon, a panel featuring Marc Corbalan, VP of RTP Analytics at Visa; Erwin Kulk, Head of Service...

Caution: Don’t Fall for the Hype

The Commodity Futures Trading Commission (CFTC) has issued a customer advisory alerting the public to be vigilant against artificial intelligence (AI) scams. The advisory warns...

HSBC Penalized £57.4 Million for Major Failures in Depositor Protection

HSBC has been fined £57.4 million by the Prudential Regulatory Authority (PRA) for failing to accurately log accounts that were eligible for compensation under the...

New York Attorney General Files Lawsuit Against Citi for Weak Security Measures and Inadequate Fraud Victim Reimbursement

New York's Attorney General is suing Citibank for failing to adequately protect customers from fraud and scams. The lawsuit claims that Citi does not implement...

Santander Spain Names Ignacio Juliá as New CEO

Ignacio Juliá, former CEO of ING for Spain and Portugal, has been appointed as the new CEO of Santander Spain, effective 1 October 2024, pending...