Articles with tag like: allegations

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PrivatBank brings USD 5.5 billion claim in Cyprus against its former owners

News | Digital Identity, Security & Online Fraud | 06 Apr 2020

PrivatBank has recently issued a new claim in the Cypriot courts seeking damages of USD 5.5 billion in respect of schemes bearing all the hallmarks of fraud and money laundering.

money laundering, banks, allegations, fraud, Ukraine, loans, transactions , fraud prevention

MoneyGram agrees to pay USD 125 mln in FTC settlement

News | Digital Identity, Security & Online Fraud | 09 Nov 2018

MoneyGram International has agreed to pay USD 125 million to settle allegations that the company failed to take steps to crack down on fraudulent money transfers, according to US Federal Trade Commission.

MoneyGram International, fraud prevention, online security, allegations, penalty, fraudulent money transfers, US