Denver woman's financial nightmare ends with $7,800 recovery after bank reverses decision
The Electronic Funds Transfer Act protects consumers from liability for unauthorized transfers from their accounts.
JD Supra6h
AI and Machine Learning in Financial Crime Compliance
As financial crime risks evolve, including those risks posed by the use of AI and other emerging technologies, so too must ...
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Identity Fraud Tops Most Reported In 2024, OPP Says Financial Losses Continue To Rise
KAWARTHAS-The OPP is urging the public to stay vigilant as fraud-related financial losses continue to escalate across Canada, ...
JD Supra10h
Fighting Fraud: Where Does the Responsibility to Protect Consumers Lie?
Fraud now accounts for 40% of crime in England and Wales. However, in this era of strained public finances, and the often international dimension ...
ANZ staff helped scam victim send $250k to known ‘money mule’ - calls for bank to pay compensation
Staff at the country’s largest bank helped a scam victim send $250,000 to the account of a known “money mule” just weeks after another victim lost $250,000 to an ANZ account under the same name. A ...
Class action against Umpqua Bank over customer’s Ponzi scheme heads to trial next week
Hundreds of Northern California investors who allege Umpqua Bank backed a $450 million Ponzi scheme will soon get their days ...
AI takes the wheel in driving innovation across India's services sector, highlights Economic Survey
The Economic Survey 2024-25 highlights the rapid adoption of AI in India's services sector, making significant impacts in ...
Evolution of fraud and scams in Asia: the need for a unified defence
It’s estimated that individual consumers in Asia collectively lost nearly $700bn in 2024 to digital scams. Incredibly, this number excludes losses incurred by businesses and multinational corporations ...