financial fraud News

History and Enforcement of Anti-Money Laundering Laws in the U.S.

Recent headlines have been teeming with money laundering stories, as journalists and hackers reveal ever more sophisticated money laundering schemes, and law enforcement officials issue high-profile arrest warrants and criminal indictments. Meanwhile, over the past half century, the definition of …

Accenture: One-Third of Corporate Cyber Attacks Succeed

About one-third of targeted attempts to breach corporations’ cyber defenses succeed but three-quarters of executives remain unaccountably confident in their security strategies, Accenture Plc. reported Wednesday in a survey of 2,000 security officers representing large enterprises worldwide. The “alarmingly high” …

Man’s Life Ruined by Identity Theft, Tries to Reclaim Name

The decades-long nightmare that ruined Marcus Calvillo’s life started when he was a teenager and was wrongly accused of writing bad checks. His driver’s license was later revoked for a slew of unpaid traffic tickets he never received. Then he …