Crime

Oct 1, 2013

Little donkey … oh no, it’s a money mule!

I just went to a really interesting meeting where the head of fraud for one of the major banks presented their approach to money mules. Pic from eCybercrime A money mule is a bit like a drugs mule, someone who is carrying out illicit activities on behalf of others. His definition is that a money…

Sep 15, 2013

How will the waiter bring the bill tomorrow? (#Sibos 2)

So I gave the waiter the international sign for the check please in the bar last night, by writing the wavy signature in the air. I then realised this sign is as outdated as taping something or setting up the video recorder. It’s a 20th century hangover. It's the sign for signing a credit card…

Sep 15, 2013

How will the waiter bring the bill tomorrow? (#Sibos 2)

Sep 13, 2013

Denmark’s major innovation? Digital identities!

I'm just on my way back from a banking conference in Copenhagen, and it surprised me. It surprised me because, as I said to the audience, the Nordic and especially Danish banks had always led innovations in Europe and yet I hadn't spotted a single major innovation in recent years. I had in Poland (Alior…

Sep 13, 2013

Denmark’s major innovation? Digital identities!

Sep 6, 2013

Using big data to trace money laundering and fraud

Talking of interesting surveys, I received another one recently about money laundering. This survey was performed by Veris, who interviewed almost 300 senior Anti-Money Laundering (AML) and compliance executives across 46 countries. Interesting findings: 61% of survey respondents cite an increase in board involvement in monitoring anti money laundering (AML) activities 66% of survey respondents…

Sep 6, 2013

Using big data to trace money laundering and fraud

Aug 23, 2013

As banks cut lifeline, will remittance alternatives emerge?

The three blog entries on this subject so far: The African bank crisis and remittances More on Africa, Somalia, remittances, Barclays and HSBC Banks should not be political pawns has stirred up a lot of interest. In particular, Mondata, an American consulting firm on mobile finance, has written a fascinating insight on the subject including…

Aug 5, 2013

The easiest ways to steal your money

There are many ways to defraud people. You only have to watch programs like Hustle and The Real Hustle to realise how simple it is. These scams all play on human greed, fear and emotion, and use social engineering to con folks out of their cash. A good example is this scam from The Real Hustle…

Aug 5, 2013