Could Blockchain Save The 2020 US Election? April 7, 2020 Blockchain technology might hold the key for a free and fair election as Corona Virus threatens access to ballot boxes. Seeing Donald Trump lambasting the press, an abundance of MAGA (Make America Great Again) hats on television and over-the-top political advertising should be a sign that the United States is heading full throttle towards a [...]
Crypto space hits record daily trading volumes April 7, 2020 Last week the price of Bitcoin recovered form a $6,250 low to $7,100, claiming back the territory lost in mid-March, when it dropped from a $7,100 high to about $3,800 in a two-day period. Ethereum, the second-biggest cryptocurrency by market capitalization, rose from $131 to $152 in the same period. A newly published report has [...]
Crypto A.M. shines its Spotlight on BABB April 7, 2020 BABB combines blockchain, database hybrid and a utility token to facilitate borderless P2P transactions, lower barriers to financial inclusion, make the world of Crypto accessible to everyone and open up a whole new channel for individual and charity fundraisers. When BABB founder Rushd Averroës arrived in the U.K he was unable to get a bank [...]
Mode Launches UK’s First Bitcoin Interest-Generating Account With 5% APY April 1, 2020 Despite some recent uncertainty in the traditional financial markets prompted by the coronavirus epidemic, it’s still a great time for the U.K. cryptocurrency scene. The new launch of CryptoAM.io, and our inaugural feature article, coincides with a mobile app refresh and new products by Mode, an innovative start-up in the British blockchain industry and one [...]
How are criminals getting our information? April 1, 2020 In these difficult times, we should be vigilant against criminals using the publicity around Coronavirus as a chance to target people with fraudulent emails, phone calls, text messages or social media posts. Most of us think we’re too smart to get caught out by fraud and scams but, the truth is, criminals are increasingly using sophisticated [...]
Online scams and home working April 1, 2020 Suddenly, we’re all in the same boat – focused on little apart from protecting ourselves, our loved ones, friends, incomes and businesses.Tony Neate, CEO of cybersecurity advice provider Get Safe Online, has advice for employers and individuals facing home working for the first time. For most of us, in whatever sector we work or run [...]
Advanced analytics in the fight against financial crime April 1, 2020 Financial crime isn’t isolating. Criminals — money launderers, terrorists, fraudsters — evolve apace or ahead of the institutions and individuals they exploit. Global headlines, encompassing Panama to Moscow and due South, beg the question: “How can we keep up?” How data experts can help combat financial crime Nick Hourigan, Senior Managing Director and Head of [...]
Criminals are using COVID-19 to scam the public – don’t become a victim April 1, 2020 Law enforcement, government and private sectors partners are working together to encourage members of the public to be more vigilant against fraud, particularly about sharing their financial and personal information, as criminals seek to capitalise on the Covid-19 pandemic. Criminals are experts at impersonating people, organisations and the police. They spend hours researching you for [...]
Money mules – doing the launderers’ donkey work March 31, 2020 Money laundering is a huge business. Between 2-5% of global GDP (gross domestic product), or $800 billion – $2 trillion US dollars, is laundered globally in one year.[1] One of the many ways of laundering money is through the use of money mules How does it work? Money mules take part in money laundering activities [...]
The fight against tax crime and money laundering March 31, 2020 There is no such thing as a victimless crime. The devastation financial crime causes is real and often affects some of our country’s poorest and most vulnerable communities. Tax crime costs the UK economy tens of billions of pounds every year. In order to prevent this, HMRC works closely with UK law enforcement agencies and [...]