Fed Bars Three Former Bank Employees Over Funds Misuse and Check Fraud
Federal Reserve orders against former workers at Northstar Bank, American Express and Regions Bank expose risks across lending, merchant recruitment and branch operations.
Category: Risk, Fraud & Controversies
Reported Lagarde Intervention in Binance Bid Tests MiCA Licensing Independence
A report that ECB President Christine Lagarde intervened in Binance’s Greek MiCA application raises questions about licensing independence and EU supervisory boundaries.
House Moves to Codify DOJ Fraud Division Behind AI Data-Sharing Push
The House has voted to put the Justice Department’s new fraud division into federal law as its detection center combines agency and state data to pursue cross-program schemes.
CoinEx Sets December 22 Withdrawal Deadline in Exchange Wind-Down
CoinEx is ending exchange operations in stages, with spot trading due to stop September 29 and withdrawals closing December 22.
Revolut Data Disclosure Exposes Government-Request Verification Gap
Revolut says fraudulent information requests sent through a legitimate government email domain led it to disclose sensitive data for a limited number of customers.
WhatsApp Screen-Sharing Scam Exposes Gaps Across Payment Controls
A victim reportedly lost more than £27,000 after fraudsters posing as FCA inspectors kept him on WhatsApp calls and gained visibility into his payment activity.
Visa Survey Shows AI Payment Trust Gap as Agents Move Toward Checkout
Only 23% of U.S. consumers surveyed trusted generative AI to handle payments for them, underscoring the consent, identity and dispute controls needed before autonomous checkout scales.
CPMI-IOSCO Flag Vendor Lock-In and Cloud Risk at Critical Payment Systems
Global standard setters say critical payment and market infrastructures face growing cyber and operational risk from concentrated technology providers, opaque supply chains and difficult exits.
Fed Ends United Texas AML Order and Quontic Capital Pact
The Federal Reserve terminated two bank enforcement actions, ending United Texas Bank’s AML remediation order and a separate Quontic parent-company agreement.
RBA Finds No Retail CBDC Case as Scam and Privacy Gaps Persist
Australia’s central bank and Treasury see no current public-interest case for a retail CBDC, even as their consultation exposes persistent concerns about scams, unauthorized payments, privacy and outage resilience.
Visa’s New A2A Fraud Score Leaves the Final Intervention to Banks
Visa’s enhanced A2A Protect can score suspected scam payments before funds leave an account, but banks still control whether and how to intervene.
BIS Warns Stablecoin Scale-Up Still Lacks Core Payment Safeguards
BIS General Manager Pablo Hernández de Cos said stablecoins still face unresolved gaps in par redemption, cross-chain interoperability and financial-integrity controls.